WOOL SALES.

Hawera Star, Volume XLVIII, 16 December 1924, Page 8

WOOL SALES.

N.Z. LOAN AND MERGANTILE REPORT. (By Telegraph—Special to Star.) WELLINGTON, Dee. 16. , The New Zealand Loan and Mercantile Agency Company, Ltd., report : The second Wellington wool sale of the season commenced on Saturday evening and concluded this afternoon. Catalogues totalling 35,GC0 bales were ottered to a very large bench, of buyers. It was evident from the commencement of the sale that the reserves were in many instances above what buyers were prepared to pay. Consequently many lots were passed in.. Sensational prices were paid at the first Wellington sale,, and at subsequent sales held throughout the North 'island and at Christchurch prices rose even higher, out at Napier on December 10 a setback was experienced, the market receding about twopence per pound below the first Wellington safe. Before the Napier sale took place many valuations for the Wellington sale had been sent up to growers. After the valuation of the Napier sale became known the Wellington valuations had to be amended. Many growers were quite prepared to meet the market, but others held more optimistic views, ‘resulting in . the passing in of nutherous lots. The prices paid at the last sale are quite good. A. fair proportion of the wool offered in the December sale carried ‘more condition and was not so attractive as that offered in November. America operated to a small extent, but the bulk of the purchases were for Bradford, with a fair proportion for the Continent. Bidding was slow and inclined to be erratic, but was well distributed. Pieces and bellies sold at good rates. WELLINGTON PRICES. (by TELEGR AT*U VRKSS ASSOCIATION. WELLINGTON, Dec. 15. The second Wellington wool sale closed to-day. Although prices dropped by 2d to 2ld all round in comparison with the November sale, most of the buyers admit that the prices paid last month were above the level of economic stability, and that this time they were very much restricted in their limits. On the whole the tone was a healthy one, and if the range of prices established yesterday is continued throughout the season this must prove eminently satisfactory to wool growers as a whole. The November sales showed a rise of from 3d to 6d on March prices, and ! the fall yesterday does not represent ! an average anything like one-half this increment. Despite the high prices, about 20 per cent of the growers-with-drew their catalogues, later endeavouring to effect sales with individual buyers. This, however, nroved somewhat difficult. Bradford was again considerably the best buyer, with the Continent buying here and there and acting with a considerable amount of caution. America was not prepared to give anything like the November prices, and was only ' seeking wool of good character. SALES AT SYDNEY. BY CABLE—PRESS ASSOCIATION—COPYRIGHT SYDNEY, Dec. 15. At the wool sales the market for all good fleece and pieces was very firm under the keenest competition, hut extra super lines failed to reach the extreme point of recent rates. Crossbreds were inclined to ease. Greasy merino realised 47£d. LONDON WOOL MARKET. The Bank of New Zealand. Produce Department, lias received the follow- : n<r advice from its London office, dated ’2th insf-•:—The sales have closed firm bv all kinds of wool. There is an active demand by all branches- of the 'vnde. Current quotations: Crossbreds r ine. 30d to 32d per lb: medium. 26d *-o 2Pd ner lb; coarse. 24d to 95d per s ■ hal•'breeds, 34d to 38d per lb; rn«r:iins, s”por. 364 to 38d per lb; ordinary 33d to 3od oer lb. “WHAT’S MINE"IS~YOURS.” —Shakespeare. At all seasons of the year, young and old alike are subject to colds and influenza. Be armed against these maladies with Baxter’s Lung Preserver. A real, rich, soothing specific is “Baxter’s,” and a short course quickly roots out the most annoying cough, cold or other bronchial affection. In addition “Baxter’s” is a splendid tonic —builds you up after illness, enriches the blood. Generous-sized bottle, 2/6; large family size, 4/6. All chemists and stores. —2 'iW TREE TO HOUSEWIVES. 48-pagc book of recipes for ice cream, cakes, confectionery, cake fillings, beverages, puddings, pies, cold sweets, etc., by Miss Mildred Trent, New Zealand’s leading cookery expert. Send 4d in stamps and mention this paper to H. F. Stevens, Cathedral Essences, Christchurch. —1