WOOL IN DEMAND

Kaikoura Star, Volume LVI, Issue 14, 20 February 1936, Page 2

WOOL IN DEMAND

WELLINGTON SALE. A pronounced feature of the third Wellington wool sale of the current season, held on Saturday, was the keen demand for low crossbred wools. Japan was the keenest buyers of such wools, which are sometimes called “uniform” wools. As stated, the market generally was firm and well above the level of price's made at the corresponding sale of last year, but as compared with rales ruling at the second sale of this season, held in January last, the market, speaking generally, may be described as firm, with a decided advance in the prices realised for low crossbred wools and for bellies and pieces. The offering of 30,600 bales was a big one to sell and the experiences of brokers appeared to vary, some reporting an almost total clearance, others unable to convince their clients that reserves had been placed well above buyers ideas of values. Buyers from all quarters were obviously anxious to take all lines offering, but it was apparent that Bradford was working under restricted limits. Japan was a strong supporter of the market for the finer wools as well as for the low ci'ossbreds. Canada and the United States were in the market for best. Romney wools. German buying was relatively small and confined to the limited ((uantity of wool offering suitable to the requirements of that market. The demand from Franco was mainly for the best bellies and pieces. New Zealand manufacturers made the pace for lambs’ wool and some of the finer lines. The sale can generally be described as good, although no sensational prices were registered. Compared with rates ruling in January, good stylo halfbreds were quite firm: best crossbreds were Id to 4d lb better, average crossbred no material change, rough and shabby halfbreds somewhat irregular, low crossreds fully Ml dearer, and lambs wool was very firm. SYDNEY SALES. NEW SEASON’S RECORD PRICE. SYDNEY, February 17. At the wool sales a new season’s record for the Sydney, market, 33.]d per lb, was obtained for five bales of greasy merino. A total of 10,590 bales was offered, of which 9580 were sold. Besides this, 2318 bales were sold privately. The market was equal to last week’s best. There were full clearances, and competition was very keen and general. The average prices last week were £l9 4/6 a bale, and 16.1 d per lb.