WOOL MARKET

Hawke's Bay Tribune, Volume XXVI, Issue 81, 17 March 1936, Page 10

WOOL MARKET

VZELLINGTON SALE Best Held There This Season PRICES FIRM ON DUNEDIN By Telegraph—Press Association WELLINGTON, March Jfl. The expectations of growers and brokers were not disappointed at the fourth Wellington wool sale of the season held tc-day. Taking into account the quality of the offerings the sale was the best held in Wellington this season, the market generally ruling firm on the Dunedin salr last Wednesday. The quantity offered was a large one for a March sale, being 28,484 bales, as against 21,680 bales at the corresponding sale last year, and tornpared with an average offering el 30,710 bales r.t the December, January and February sales this season. Passings to day were relatively few, and the clearance at auction was over 95 per cent. Fine wools, which formed a small proportion of the offering ,were generally firm, some “specialty” lines making advanced rates. Crossbreds, which met a very keen demand, were firm all round, and compared with February rates at Wellington. Ordinary top-making sorts showed a rise of from }d to }d. There was a full bench of buyers, representing all sections of the trade. From the outset it was apparent that crossbreds were in strong demand, all classes meeting with keen bidding. Ji many cases buyers appeared to have fairly elastic limits. Bradford buyers who, at earlier sales ,appeared to be holding off, were well in the market and bought extensively, the sale at times being dominated by then. Continental interests, however, were well in the running and forced the pace at times. There was also considerable buying on behalf of Japan. Local mills were not to be denied when lots suitable to their requirements eame under the hammer.

Among notable realisations were 15fd for halfbred ewes and 15d for several lots of halfbreds; 15} for Merino hogget; 12fd for super crossbreds; 12d for super ewes, and up to 10fd for other lines of medium to fine crossbreds; lid to lljd for crossbred hoggets ,and 12}d to 13d for lambs OFFICIAL RANGE OF PRICES. The official range of prices, with February prices for comparison, are as

SYDNEY’S WOOL CHEQUE Big Increase for Year SYDNEY, March 16. The wool sold at Sydney during the selling season just ended returned growers £3,685,906 more than that sold last year. Although official figures are not available, it is estimated that the New South Wales wool clip sold through Sydney was worth more than £19,000,000, compared with about £15,500,01)0 last year. The Sydney sales are oil until the first week in May.

under:— Merino — Feb., 1936. Mar.,1936 d. d. d. d. Extra super . — to — to — Super .. . * 15} to 16 — to —- Average .. 13J to 14} 13} to 15} Inferior ..13 to 12 — 10 13} Fine halfbred, 56/58 — Extra super . — to 16 16 to 16} Super ' .. — to 15} 15} to 15} Average .. 12} to 15 i-i to 15 Inferior .. 10 to 12} 11 to 12} Medium halfbred, 50/50 — Extra super . — to — —— to —- Super .. .. — to — 13 to 15 Average .. — to 12} Hi to 12} Inferior .. 101 to 10} 9 to 10} Extra fine crossbred, 48/50— Super .. .. 11} to 12 11 to 12} Average .. 8} to 11 9 to 11 Inferior .. 7 to 8} 7} to 8} Fine crossbred, 46/48— Super .. .. 9} to 10} 10 to 11 Average .. 8} to 9} to 9} Inferior .. 6 to 8} 7} to 8} Medium crossbred, 44/46 — Super .. .. 9} to 10} »} to 10} Average .. 7} to 9 to 9 Inferior .. 6 to 7} 7 to a Coarse crossbred, 40/44— Super .. .. 9 to 10 9} to 10} Average .. 7} to 8} H to 9 Inferior .. 7 to 7} 6} to 8 Low crossbred, 36/40— Super .. .. 8J to 9} — to 9} Average .. 8 to 8} 8} to 8} Inferior .. 7 to 7} —-■ to 8 Hoggets— 48/50 .. .. 8} to 11} 8} to 12 Fine, 46/48 .. 8 to 11 8} to 11} Med, 44/46 . 7} to 10 7} to 10 Coarse, 40/44 7} to 9} 8} to 9} Low, 36/40 .. 7} to 9 «} to 9 Lambs— Down, 50/56 — to — 10 to 13| Fine, 44/50 .. 9} to 13} 9} to 13 Med., 40/44 . — to — 8} to 1’} Seedy and Inf. 5} to 8} 5 to 10 Bellies and pieces— Merino, Good to super 10} to 14 0} to 14} Low to tned. — to — 7} to 10} Halfbred, Good to super 9 to 10} 7} to 10 Low to med. 6 to 6} 6} to 7 Crossbred, Good to super 6} to 8} 6} to 9} Low to med. 5 to 8 4 to 7} Crutchings— Med. to good 6} to 9} 7} to 9 Inf. and seedy 4} to 7} 5} to 7} Locks — Merino .. .. — to 7} _5} to 6 Halfbrcd .. 5} to 6} to 5» Crossbred .. 4} to 6} 4} to 6}