WOOL PRICES

Hokitika Guardian, 7 January 1933, Page 4

WOOL PRICES

SECOND WELLINGTON JSALE.

BETTER PRICE FOR HALFBREDS.

(Per Press Association — Cc'jyright.)

WELLINGTON, January U t

The market for cross-bred wools advanced from on© farthing to one penny per pound in, all grades at the second; Wellington wool sale, held at the Town Hall to-day,. .. Tlie rise was mainly the result of competition by Japan. Before the sale the expectations were that the market would be firm on the December prices, so that the rise, although a small, one, was doubly welcome. ,

There was very, strong competition for fine wools,’ commonly called halfbreds. Dominion mills,- Japan, Bradford and the Continent were bidding very freely. The quality of this wool was somewhat better than "that offered at the first Wellintgon sale on December 10. Better prices were realised, and this market can be quoted, as fully firm on December prices. The passings were few, the growers showing a disposition to meet the market. The catalogue approximated 29,1500 hales. Authoritative estimates are that 82 per cent was disposed of under the hammer. The quantity of old wool was much less than that at the first sale. It would seem that so lar as Wellington is concerned little .old wool is about. The sale lasted for. six hours.