THE WOOL MARKETS.

Manawatu Standard, Volume XLIII, Issue 350, 18 March 1922, Page 5

THE WOOL MARKETS.

BIG BALK AT WA.NGAXIM. SPIRITED BIDDING REPORTED. (Per Press Association.) WANGANUI, March 17, Tho- biggest) wool sale ever hejd in Wiinganui evcutiiatecl today, when 19.203 pales were offered to a full bench of buyers, representing the United Kingdom, France, Belgium, the Continent, America, Japan, and Dominion scourers. Bidding was very' spirited, and the tone of the market was linn. Prices showed a slight advance on the January sale here. The range of prices was as follows: Fine crossbred, super Sb! to 9A«I, average* 7ci io Biel, inferior 43d to 6el; medium crossbred, super 8d to eUd, average 53d to 7-id. inferior 43d to 53d; course crossbred, super s'el to ?3d, average 5d to 6J.il, in icrior 3d to 43*1; low crossbred, super to 6Jd. average 4yd to sjd, inferior_ 3d io 4RI; hoggets, fine 6XI to 9Jd, medium id tt> VJd, coarse' to 6Jtl, low 3d to lambs, Down 73d to 93d, line 6d to ■s3d, medium 43.(1 to 7d, seedy and inferior 2d to sd; crossbred, good to super 3d to 13d, low to medium to 3d, ciutchings, medium to good 23d to 33<1, inferior to ■seedy ijd to 23d; locks. Id to IJd. UNITED STATES TARIFF, WASHINGTON.; March 16. The Senate Finance Committee considering the wool schedule to the l-ordnoy farill' Bill heard various witnesses. It was stated that an effort was being made to have a duty of 15 cents per pound provided Mr low grade wools such as the South American types. Senator Gooding stated that file sheep industry had suffered greatly, the number decreasing from 64 million to 33 million during the last 20 years. Other witnesses pointed our that the I’ordney BUI as missed by the House provided that the rates should not exceed 35 per cent, ad valorem. They asked that only specific rales he included in the permanent taritl, ill duties being based on clean wool, winch would work out at 33 cents per pound for secure-.!. 22 cents for washed, and U cents for greasy.—A. and N.Z. cable.