WOOL SALES

King Country Chronicle, Volume XXIV, Issue 3240, 9 December 1930, Page 5

WOOL SALES

AT WELLINGTON YESTERDAY. NO IMPROVEMENT IN PRICES. (By Telegram.) Wellington, last night. Messrs. Dalgety and Co., Ltd., report having offered 3300 bales and sold 85 per cent, at the wool sales here to-day, the prices being on a par with the Napier sales. Super crossbred at times was in the sellers’ favour. France was out of the market. Bradford was interested in super crossbred and' medium topmaking sorts. Good super crossbreds ranged from 5%d up to 7%d; average crossbreds, from 4%d to lambs, 4%d to 6%d; with seedy and inferior lines 2d to 4d; bellies and prices, from to sVod; locks, Id to'2d, and crutchings, Id to 4 1 / 4d.

A comprehensive review of the sale up to lunch time, when the greater part of the wool had been dealt with, was given to The Post by the chairman of the Wool Committee, Mr. J. B. Moodie.

Although it was well known and understood that prices for all quali* ties of the textile are now on “a very, very low basis,” yet the competition at to-day’s sale, on the current low range, was exceedingly animated, with the buying well spread; in fact, better spread than at the Auckland and Wanganui sales. “So far as the sale has gone,” continued Mr. Moodie, “Continental competition is the most pronounced, no doubt, owing to the fact that a large proportion of the wool offered was very suitable for the Continental trade. French buying was erratic and not quite so keen as at the three sales of this season already held at Auckland, Wanganui and Napier. Bradford was interested in the market, and any lines of good to superfine crossbreds coming forward met with an excellent competition and brought forth the keenest bidding. These wools and good crossbreds were fully firm on the Napier prices and slightly better than the rates recordded for Auckland and Wanganui. “Good clean skirtings of all descriptions sold freely, Germany being the principal operator. “There was a fair offering of merinos and halfbreds from the Mai’lborough district. Unfortunately prices paid for these wools were on a very low level, except for lines suitable for the New Zealand woollen manufacturer. At about the middle of the sale the highest price paid for merino was lOd. for eight bales A merino ewes, and 9id for A merino wethers, branded ‘Bonopai.’ Marlborough super combing lines, a lot of eleven bales, made IO.Id, and a second line of the same brand made 9id., with pieces and bellies of the same clip selling at 7d. The above wools were of high superfine quality, very light in condition. The merinos and halfbreds above-mentioned were purchased for local mills. Ordinary top-making lines of halfbred and merinos sold at disappointing prices, and the passings in of such wools were fairly heavy.

“Superfine crossbreds of American style were eagerly competed for, prices running from Gd. to 7d. “There was a slightly better inquiry for lambs, and the lots offered were mainly sold, good parcels bringing from sd. to Gd. “Ordinary top-making 44’s/48’s crossbreds showed no change from the sales already held at Auckland, Wanganui and Napier, and brought 4:7d. to 5 Jd. Low grade crossbred ranged from 4d to 4id; inferior and seedy wools brought 3d to 3Jd; ordinary bellies and pieces made 2d to 3d, with better lines, bulky and in light condition, realising from 4d to 4£d.” It was satisfactory to note, remarked the chairman, that there was a full bench of buyers, who were exceedingly keen to get the wool.