WELLINGTON WOOL SALES.

New Zealand Herald, Volume LII, Issue 16098, 11 December 1915, Page 9

WELLINGTON WOOL SALES.

FINE SORTS DECLINE. MEDIUM AND COARSE ADVANCE. [BY TELEGRAPH. rEESS ASSOCIATION.] Wellington, Friday. The second wool sale of the season was held to-day, when 23,451 bales were offered. There was a large attendance of buyers, representing Home, American, and colonial houses. Bidding was .animated, strong competition coming from the Bradford section of the trade. Fine wools dropped one penny to three halfpence. On the other hand, medium and coarse wools met keen demand from Bradford, with the result that these wools showed a rise of a penny per lb. The demand for pieces and bellies was not particularly strong, but fair prices were paid. The difference between prices today and those of a month ago is made apparent in the :ollowing official table, showing the range of prices :—

FARMERS' ERRONEOUS IDEA'S.

MANY LOTS PASSED IN. Tbt TELEGRAPH.OWN CORRESPONDENT-] Wellington*. Friday. There was nothing sensational in the prices art the wool pales to-day. All wools brought very ■ood trices to the grower, but there were no broken records or fancy prices as at the last sale, when 23d, 24d, and 24£ d a lb" was paid for Southdown. The reason for the comparative lack of interest shown by American buyers of wool was not ascertainable. The fancy prices paid in November for a small amount of Southdown wool did not represent the true condition of the market, but some growers appeared to think the market would continue to hold such high values. In order to obtain them the}- sent in wool as Southdown which, according to one of the principal buyers, was certainly not Southdown. The returns to the farmers were excellent in an}' case. That the current prices are below what many farmers thought they would be was apparent by the frequency with which lot after lot was passed at prices that in ante bellum days would have been thought very high.

Not.. Dec. ! 1915. 1915. d. d. d. d. Merino 131 12 -HI Halfbred. super 17 -1B4 17 -181 Halfbred. medium ... 14 -16} 14 -16} Halfbred. inferior ... 12 -134 12 -134 Crossbred, super 17 -194 164-184 Crossbred, medium ... 141-16} 141-164 Crossbred, coarse ... 134-15 151-15} Crossbred, inferior ... 9 -124 11 -134 Crossbred pieces and bellies 9 -134 9 -134 Halfbred pieces and bellies 9 -11 10 -12f locks ... ... 61- 7} 64- 7} Lambs, medium ... — 15 -16} Lambs, inferior _. — 13 -14} Southdown 21 -244 16 -184