WOOL PRICES UNCHANGED

Hawera Star, Volume L, 29 November 1930, Page 8

WOOL PRICES UNCHANGED

FIRST WANGANUI SALE

GROWERS’ HEAVY WITH-

DEAWALS

(By Telegraph—Press Association.) WANGANUI, Nov. 28. T here were heavy withdrawals at the dust Wanganui wool sale of the season co-day, the offering of 12,000 bales be.,g reduced to a little more than half tnat number. There was practically a full bench of buyers, and al-| though prices showed no improvement on tlie Auckland prices competition tor better class wools was keen at an nveiage figure ranging round sd. Bradford, Germany and Franco were competitors for the better classes and some of the fine clips went to 64d. Germany seemed to be in the market for almdsti everything it. could get. In consequence, the quota ot sales in this direction was heavy. Seeded wools, locks and inferior crutch ing.s seemed to awake little demand, Dominion mills bidding for this, class at a penny and twopence. A large portion of the catalogue was passed, growers apparently anticipating a better demand developing with the season’s progress. It was noticeable with some brokers, however, that they accepted the tone of the market and kept in tune. They earned applause fioni tlie,buyers’ benches on what was - essentially J rt buyers’, day. 1 The range of prices, with the figures for the sale of-March 31, 1930 shown, last, is as follows:

FAR MERS’ CO-OPF..R AT 1V E REPORT.

Tlie first sale of the 1930-31 sesason was held in Wanganui yesterday, tlie Farmers’ Co-operative Organisation Society reports. The catalogue comprised over 13,000 bales. Of this number approximately 6000 bales were withdrawn before the auction and of the remainder about 60 per cent, was sold under the hammer. There was. the usual, attendance of buyers and bidding was fairly well spread, but in sympathy with the market elsewhere the limits were considerably reduced, the average being 2d to 3d lower than prices realised in the March sale. The price is approximately 6d per lb lower than at the opening sale last year. Wool to-day in the opinion of the Farmers’ Co-op. is being sold at over 60 per cent, below the cost of production.

Following are some of the Farmers’ Co-op. realisations. —JD/K, 13 bales ewes, 44 ; Matapu, 27 bales Romney crossbred ewes, 43; Riri, four bales hoggets, 53; CS/O, four bales hoggets, 54; TT, eight bales hoggets, 54; TP, four bales wethers, sd; 3L, 15 hales ewes, 44; Miro, seven bales hoggets, od; SBT, four bales hoggets, 53d; Makuri, 14 bales hoggets, 53; Makuri, 15 bales wethers, sd; Makuri, 32 bales ewes, sd; CLR, four bales hoggets, 54d ; CLR, 11 bales ewes, 44d; various, 19 bales hoggets, sd; OH’/T, nine bales hoggets. sd; CH/T. four bales wethers, 44(1; RSA./W, three bales lambs, 5i ; I>U/ TV, one bale lambs, 6d.

Extra fine Crossbred, 48 150 — Average 5 to 6 74- to 85 Inferior 4 to 43 63 to 7.V Fine Crossbred. 46/48— Average 4J to 54 7-3 to 83 Inferior 34 to 4 64 to 73’ Medium Crossbred. 44/46 — Average 4f to 5 7 to 74 inferior 3 to 4 6 to V Coarse Crossbred. 40/44Average 3} to 4 a 63 to 74 Inferior 3 to 34 5} to 64 Low Crossbred, 36/40 — Average 3J to 4 6 i to 7 Lifer for 2-3 to 3i to 6 Hoggets— 48/50 5J to 63 to 83 Fine, 46/48 . 5 to 64 7" t o 7 4 Medium, 44/46 4 to 43 63 to 74 Lam b s— Fine 51 to 63 84 to 10 Medium 4 to 53 7 to 84Inferior and seedy li to 33 3 to 44 Pieces—• Crossbred, Good. 59. Super 3 to. 34 4.V to 6 Crossbred. Low to medium 11 to 23 3 to 4 Bellies—< Low to medium 2 to 23 34 to 44