WELLINGTON WOOL

Northern Advocate, 20 March 1934, Page 7

WELLINGTON WOOL

IRREGULAR SALE RESERVES ABOVE LIMITS COARSE SORTS NEGLECTED. ' r « TOP PRICE 23id. (United Press Association —By Electric Telegraph.—Copyright.) (Per Press Association.—Copyright.) WELLINGTON, This Day. The fourth Wellington, wool sale of the season was held yesterday. The total quantity catalogued, over 25,000 tales, was reduced by some eleventhhour withdrawals, and at times during the auction passings were fairly frequent owing to .growers’ reserves being well above buyers ’ limits. There was a representative bench of buyers, but the sale was somewhat irregular. At times bidding was keen and well sustained, especially on finer sorts, for which competition was strong. However, there were many periods during which the sale dragged, this being most noticeable when coarser and inferior wools were offered. Many lots elicited only single bids. It was apparent that some growers whose reserves .were higher than their brokers’ valuations had failed to realise the tiend of the market during the last two months.

Apart from the passings, however, the sale was very satisfactory. Taking the quality into account, prices were a shade above those ruling at Invercargill earlier in the month. Compared with the Wellington February sale, the prices of the few merinos offered, were a penny a pound down. Halfbreds were from par to a halfpenny lower, fcrossbreds a halfpenny to lsd down, and bellies, pieces, locks and crutchings Id to lsd lower. The supply of merinos and halfbreds was not very great, and those offered were only of average grade; Super crossbreds, too, were comparatively scarce, the bulk’of the offering being average top-making sorts.

Competition was fairly well spread, France, Germany, and Bradford supplying most of the driving force, but Japanese orders for suitable lots were well filled. The Continent bought heavily, for finer sorts,' France taking good quantities of lambs’ wool and bellies and pieces. On many of the better-class lines, competition was very strong and bidding vigorous, some buyers raising their bids a penny at a time. A page taken at random from, one of the fully representative catalogues gives the following run of prices:—

Four..-bales, A ewo, skirted, 9d; 5 bales B ewe, Ssd; 4 bales halfbred wether, 16$d; 5 bales half bred A, 16d; 5 bales lanrbs’, 14$d; 8 bales ewe, 9sd; 4 bales lambs’, 15$d; 4 bales halfbred, 15H1: 7 bales ewe, 8d (passed); 4 bales halfbred, 18$d; 6 bales hoggets’, 12Jd; 15 bales ewe, ll$d; 10 bales ewe, 84d (passed); 7 bales ewe and 8 bales 1 wether halfbreds, 18$d; G bales A hog- 1 get, 33$d; 5 bales B hogget, 9sd (pass- \ ed); 10 bales A ewe, 12d; 14 bales B, ' cwe,Bsd; 5 bales Lincoln, 7d (passed). The top price of the sale was secured for 4 bales of super -Southdown, grown by A. J. Whyte, Tokomaru, which made 23$d. The buyers were Paton and Baldwins, the wellknown British firm, wlio also paid 23d for 7 bales, 22d for 6 bales, and 214 d for 9 bales of Southdown from various growers. Range of Prices. The official range of prices was as follows, rates for the February sale in . Wellington also being given for purposes of comparison:— February. March, d. d. cl. d. Merino — Average .. 17$ to 19 16$ to IS Inferior .. to 16$ to 15 •Fine Halfbreds 56-58 Extra . super 22 to 23$ 22$ to 23$ Super 20 to 20$ 20 to 22 Average .. 16$ to 21 17 to 19$ Inferior .. 14 to 16$ 13$ to 16$ Medium Halfbreds 50-56 — Super 19 to 19$ 18$ to 19 Average .. 15$ to 18$ 15$ to 18$ Inferior .. 11$ to 15$ 11 to 15$ Extra Eine Crossbreds 48-50 Super .... 14$ to 16$ 13$ to 16$ Average .. 10$ to 14$ 10$ to 13$ Inferior .. 6$ to 10$ 6$ to 10$ Fine Crossbreds 46-48 Super .... 11$ to 14$ 11 to 13$ Average .. 9$ to 11$ 8$ to 10$ Inferior .. 6$ to 9 6 to 84 Medium Crossbreds 44-46 — Super .... 9$ to 12 9$ to 12] Average .. 7$ to 9$ 7 to 0 Inferior .. 5 to 7 5 to 6$ Coarse Crossbred 40-44 Super .... 8$ to 10$ 8$ to 10$ Average .. 7$ to 8$ 6?. to 7$ Inferior .. 6. to '7s 5 to 6$ Low Crossbreds 36-40 Super .... 8 to 9$ 7] to 9] Average .. 6$ to 7$ 6$ to 7 Inferior .. to 6$ 5 to 6 Hoggets—--48-50 8$ to 16$ 8 to 16$ Fine, 46-48 . 8$ to 134 8 to 13$ Med., 44-46 . 9$ to 12$ 6$ to 11$ Coarse, 40-44 8$ to 8$ Lambs’ down—--50-56 154 to 18$ 13 to IS Fine, 44-50 . 12 to 17$ 104 to 15 Seedy & infer. S$ to 124 fil to 10$ Bellies and pieces— Merino: Good to snp. ,to 16$ 12$ to 14$ Low to mod. to 154 1o 124 Halfbred: Good to sup, to 154 11$ to 111 Low to mod. 7 to 14 7$ to 11] Crossbred; Good to sup. 8 to 141 6$ to 114 Low to ined. 54 to 9 5$ to 7] Crntchings: • Mod. to good 9 to 10$ 6] to 8$ Seedy & infer. 4$ to 6$ 3] to (5 Locks;— Merino ... to 8 Halfbreds . 74 to 9$ 5$ to 7 Crossbreds . 4$ to 7 3$ to 5