SOUND MARKETS

Hawera Star, Volume XLVIII, 12 January 1929, Page 7

SOUND MARKETS

WELLINGTON WOOL SALE.

BRADFORD A STRONG FEATURE. INDICATION AS Tp PRICES. (By Telegraph—Press Association.) WEDDING-TON, Jan. 12. With an aggregate catalogue of 27,000 hales, the third Wellington wool sale opened to-day. It -was evident from the outset that the tone of the market was sound, super wools selling at par to slightly better than the December rates, medium crossbreds kept about par and for average, there was a tendency to be slightly better than December. Inferior crossbreds sold very well indeed at a slight advance. For halfbreds the demand was not so keen and there was an easier tendency than at December by probably a halfpenny. 'Merinos were neglected and the market was disinclined to fall into line with: growers’ valuations. Slips were 'offering in limited quantities made good prices. For lambs’ wool there was a very keen, competition, gviing excellent returns to growers. Bellies were down and pieces were about on par with. December. Neeles were in strong demand. Bradford was again a strong feature of the sale while France competed very keenly for any wools showing quality. The United States Was a good buyer of super wools. Russia was seeking' fine cross-bred and the purchases for this market were relatively heavy.. Germany was giving excellent prices for inferior and low grade cross-bred wools.