FINAL WOOL SALE

Hawera Star, Volume XLVII, 27 March 1928, Page 10

FINAL WOOL SALE

REALISATIONS AT WELLINGTON SATISFACTORY RESULTS PRICES AGAIN INCREASE. [BY tej.egraph—press association.] WELLINGTON, March 26. The fifth Wellington wool sale and the final one in the Dominion for the present season, was held to„day and resulted in a practically complete clearance. There was a full bench of buyers, all eager to secure wool. Bidding was animated and at times excited. Throughout the sale passings were a negligible quantity, proof that growers’ and brokers’ ideas of values, were not far from those of buyers. The strongest bidding came from Bradford and the Continent arid prices paid were the best since 1924.

Compared with February realisations prices showed an all-round increase ranging from Id to 2£d for fine wools and Id to 2d for other sorts, except lambs’ wool, which was down Id. Bellies, pieces and locks were up Id to 1-Jd,. and crutchings sold extremely well at an advance of Li to 2d on last month.

The sale was a very satisfactory wind up to a satisfactory season. The offering was approximately 20,880 bales, and the catalogues were above the average. There was a considerable amount of halfbred, a big weight of crossbred, a fair proportion of lambs and a sprinkling of merino. The strongest bidding came from Bradford and the Continent. The latter took the largest share. Continental buyers made their presence felt when bellies, necks and pieces were going, very good prices being paid for all these grades. Lambs’ wool met with good competition from France, Bradford and Dominion mills, but failed to reach the February level, being the only class that fell short in this respect. The condition of Merinos offered was not equal to that seen at earlier sales, but prices paid were on a par with them.

Strongest competition was in evidence when halfbreds and crossbreds suitable for American requirements made extremely good prices. Qrossbreds generally sold at a level which has not been exceeded except at the November and December sales in 1924. The prioes paid for cfossbreds were undoubtedly the best ever made in New Zealand except during the period mentioned.

Taken as a whole the movements in prices at to-day’s sale, compared with that of last month, were: Merinos anti Southdowns, par; halfbreds, Id to lsd up: fijie and medium crossbreds, Id to 2id up; coarse crossbreds, Id to 2d up; low crossbreds, Id to ljd up. The greatest appreciation was shown in super lots of crossbred. Lambs’ wool was Id down, with the exception of seedy and inferior lots, which held their own with February’ prices. Bellies, pieces and locks were Id to ljd up. Grutellings sold extremely well at lid to 2d advance on February. The chairman of the Wool Brokers’ Association describes the sale a.s extremely satisfactory. RANGE OF PRICES. The range of prices was as under: d. d. Merino, 64/70, 60/61 —

I BROKERS’ REPORT. ■ WELLINGTON, March 26. T'’e New Zealand Lomu- and Mercande Agencv Co., Ltd., Wellington, io- • r^s:— The fifth and final wool sale of the season was held to-day, whom the rmn 'vend l brokers offered some 20.060 i hairs, of which oar catalogue comprised about 2450. There was a. large at- g tendance of buyers, representing a I f consuming countries. The catalogue included ouit-e a number of excellent lots of bright well-grown wools and also a ■■number of late shorn clips carrying somewhat heavy percentage of condi- I

tkm and seed. It was anticipated that the sale would be a record cue; for the season., and so far as prices were ooncerned, 'this was fully borne out. and prices offered exceeded those; for similar wools at previous wales. We estimate, as eomparpd with last sale, that fleece wool from a half-penny to one penny per lb higher; merino about on a par. and lambs and skirtings, if anything. in .sellers’ favour. Our classed and binned wools were keenly Bought afb?ir and excellent prices were received.

Super None Qffering., Average 213 to 24} Inferior — to 20} Fine half bred, 56/58— Average 23 to 26 Inferior 19} to 22 Medium halfbred, 50/56— Super None offering. Average 22:J to 26 Inferior 174 to 21 Coarse halfbred, 48/50 — Super 231- to 24 Average 20} to 23} Inferior 163 to 191 Fine crossbred. 46/43— Super 21 } to 21 j Average ... 19 to 21=} j Inferior ...... 15} to 18} 1 Medium crossbred, 44/46Super 20} to 23} Average 17} to 20 .Inferior 12 to 17 Coarse crossbred, 40/44 — Super 18 to 20 Average 16} to 18} Inferior 12 to 154 Hoggets, 48/50— Fine, 46/48 .... 18} to 23 Medium, 44/46 .. . 17} to 22 Low. 86/40 164 to 17 Lambs’ down-— 50/56 19} to 23} Fine 18} to 24 Medium, 40/44 .. . 17} to 184 Seedy and Inferior— All giades 10 to 17 Bellies and Pieces. Merino— Hood to super . 17} to 183 Low to medium 143 to 17 Halfbred— ' Good to super 16 to' IS Crossbred— Good to super 15 to 19 Low to medium 10 to 143 Cm tellings— Medium to g-ood 13 to 15} Inferior and .seedy Looks— Merino 12} to 133 1 Halfbred 10} to m Crossbred 7} to 10J j