FIRST WOOL SALE

Hawera Star, Volume XLVIII, 16 November 1928, Page 9

FIRST WOOL SALE

OPENED AT WELLINGTON. SURPRISINGLY GOOD DEMAND. GOOD PROSPECTS FOR LINCOLNS

j (By Telegraph—Special to The Star.) WELLINGTON, Nov. 16. A very sound and satisfactory opening of the wool sales is reported by tne chairman of the Wellington Vv’oolbrokers’ Association, the prices comparing favourably with .those of last year’s opening. The outstanding leature was the keen and insistent demand for superfine and fine crossbreds. This information will be of considerable importance to North Island growers in particular, as rile bulk of their wools are fine crossbreds. jl'he offering was 7700 bales, compared with 9100 last year. Considering the state of tlie overseas market, the results are a surprise, not only to the brokers, but to some buyers, a. noticeable feature being the keen demand for hogget wools of preparing lengths; also for superfine shorn hoggets, 48-50 quality. The English trace competed strongly for these wools, anti French orders were also in the market. American competition is lacking so far, ! no purchases of any weight being secured.

Medium crossbreds of top-making style sold remarkably well, the Englisn trade being the largest buyers. Competition for halfbrecl was fairly sound, although to-day’s prices, compared with the previous year’s opening, were considerably lower, especially in regard to 56-58 quality, this being 21-id to 22-d to-day, compared with 22-id to 26fjd last year. The principal buyers of fine halfbreds were Dominion mills, which are evidently short of stocks. The 50-58 quality clid not show the same severe depreciation, to-day’s prices being 19-id to 20id, compared with 21icl to 22id. The principal demand was for the Continental and Home trade. Super crossbreds 4.8-50 brought 19d to 20d, compared with 19d to 21 d last year; while 46-4 S super secured special attention, prices ranging from 17id to 19d, compared with .17(1 to 18Jd last year. Average wools of tlie same quality brought 15d to 17d to-day. There was keen demand for odd lots of Lincoln and growers of this class of wool can anticipate wonderfully good prices. Lincoln hogget brought 14-id to 15d. German competition was not pronounced, as the general run of wool was too long in staple and of superior quality. The French were, as usual, keen buyers of super lines of bellies, pieces, and necks, and very satisfactory rates were obtained for good parcels. Tlie sound opening gives good promise that when the main clip comes on the market in December and January prices will be fairly well sustained.

R ANGE OF PRICES. WELLINGTON, Nov. 16. The official', range of prices was: Arorino. —Fine half-bred, super,, 211,4 to 223 d; average 18-1 cl to 20id. Medium half-bred, 19-id to 201-d; average 17Ad to 19. pl ; inferior, 10-ld to 16i-d. Extra fine crossbred.—Super 19d to 20cl; average, 16d to 18Id ; inferior 1-1 id to loj-d. Corricdale fine crossbred. —Super 17d bo 19d; average, 19d to 21-i-d; inferior, 13d to 14Id.

Medium crossbred. —Super 16)d to !8d j average 14d to lGd; inferior, 12d to 13}dCoarse crossbred.—Super lod to ICd ; average 14d to 15)4. Low crossbred. —-Super 14<l to 15.1-d; average 12d to 13)d. Hoggets, 48/50, 17d to 20d • fine, 16d to 18)d; medium, 15)d to 17d. Belli:?® and nieces.—Merino, good to 16}d to 17d; low to medium 14A to 16}d; crossbred, good to super, 13d to 14}d. low to medium, 10) d to 12d. Orutahiings.—Medium to good lid to 13d ;inferior and seedy 6)d to 9)d. Looks. —-Crossbred 6)d to 8)d. CANADIAN WOOL POOL. GROWERS’ LATEST DECISION. Received 12.55 p.m. to-day. • VANCOUVER, Nov. 15. A message from Edmonton, Alberta, states that wool-growers are proceeding with the formation of a- co-opera-tive marketing pool on a contract basis as in the wheat pool, instead of the voluntary basis on which the Alberta growers are now marketing through the Canadian Co-operative