WOOL MARKET

Hawke's Bay Tribune, Volume XXIV, Issue 83, 20 March 1934, Page 10

WOOL MARKET

PRICES AT WELLINGTON Passings Fairly Frequent BIDDING LAPSES DURING SALE By Telegraph—Press Association. WELLINGTON, March 19. ' At the fourth Wellington wool sale to-day the total quantity catalogued of Jrver 25,000 bales was reduced by some . |»leventh-hour withdrawals, and at I times during tho auction passings wore fairly frequent owing to growers’ re- ’ jerves being well above buyers’ limits. B'hero was a full representation of buyers. The sale was somewhat irregular. At Himes the bidding was very kocn and "well sustained, especially on finer sorts (for which competition was strong. There were, however, many lapses during which the sale dragged heavily, this being most noticeable in respect to coarser and inferior wools. Many Sots elicited only single bids, and more tarely occasional lots failed to bring a bid. It was apparent that some growers, whose reserves were higher than their brokers’ valuations, had failed to realise that the Wellington January prices were a “flash in the Jan,’’ and in view of the trend of the market during the last two months, Would not be repeated this season.

J SHADE ABOVE INVERCARGILL. Apart from the passings, however, the sale was a very satisfactory one. Taking quality into account, prices ■were a shade above those ruling at Invercargill earlier in the month. Compared with the Wellington February Bale, prices of the few Merinos offerled were a penny down, halfbreds were from par to a halfpenny lower, fine crossbreds were id to lid down and bellies, pieces, locks and crutchings ■were Id to IJd lower. The supply of Merinos and halfbreds was not very great, and those > offered were only of average grade, j Super crossbreds, too, were comparatively scarce, the bulk of the offering J being average top-making sorts. Competition was generally well spread, France, Germany and Bradford supplying most of the driving force, with Japanese orders for suitable lots being well filled. The Continent bought heavily of the finer sorts, France taking goodly quantities of lambs and bellies and pieces. On many of the better-class lines competition was very strong and the bidding vigorous, some buyers jumping the bids by a penny at a time in their urge to get the wool. RANGE OF PRICES. The official range of prices compares 1 as follows with that of the Wellington j February sale:— The official rarge of prices at the Wellington wool sale to-day compares as follows with that of the Wellington February sale:—

Feb. d. d. March. d. d. Merino, 64/70 and 60/64— Average .. 171 to 19 16} to 18 Inferior .. 16} to 15 Fine halfbred, 56/58— Extra super 22 to 23} 22} to 23} Super .. 20 to 23} None offer Average .. 16} to 21 17 to 19} Inferior .. 14 to 16} 13} to 162 Medium halfbred, 50/50— Super .. 19 to 191 18} to 19 Average 15$ to 18} 15} to 18} Interior .. 11} to 15} 11 *0 15} Extra line x-bred, 48/50 — Super .. 14} to 16} 13} to 16} Average .. 10} to 14} 10} to 13} Inferior .. 6J to 10} 6} to 10} Fine x-bred, 46/48— Super .. 11} to 14} 11 to 13} Average .. 9} to 11} 8} to 10} Inferior .. 6} to 9 6 to 8} Medium x-bred, 44/46— Super . • 9} to 12 9} to 12} Average .. 7} to 9} 7 to 9 Inferior •• 5 to 7 5 to 6} Coarse x-bred, 40/44— Super .. 8} to 10} 8} to 10} Average .. 7} to 8} 6} *0 7} Inferior •• 6 to 7} 5 to 6} Low x-bred, 36/10 — Super - • 8 to 9} 7} to 9} Average .. 6} to 7} 6} to 7 Inferior .. 6} 5 to 6 Hoggets— 48/50 .. 8} to 16} 8 to 16} Fine, 46/48 8} to 13} 8 to 13} Med 44/46 .. 9} to 12} 6} to 11} Coarse, 40/44 None 8} to 8} Low, 36/40 8} to 9} None Lambs— Down, 50/56 15} to 18} 13 to IS • Fine, 44/50 12 tol7} 10} to 15 Med., 40/44 None 1-U Seedy and Inferior — AU grades 8} to 12} 6} to 101 Bellies and Pieces— Mer., good to super 16} to 12 to Hi Low to med. ■ 15} to 12J Half-bred— Good-super 11} to Hl Low to medium 7 to 14 7} to 11} CrossbredGood to super 8 to 14} 6} to 11} Low to med. 5} to 9 3} to Crutchings— * Med. to good 7 to 10} 6} to Inferior-seedy 4} to 6} 3} to 6 Lochs— o Merino None o Half-bred 7} to 9} 5} to 7 Ctossbred 4* to 7 3} to 5