FIRM WOOL MARKET.

New Zealand Herald, Volume LXV, Issue 20112, 24 November 1928, Page 15

FIRM WOOL MARKET.

GOOD SALE AT WANGANUI.

OPENING RATES MAINTAINED.

yERY SATISFACTORY PRICES

A FULL BENCH OF BUYERS.

[BY LEI.EdH.U'It. —OWN CORRESPONDENT.] "WANGANUI, Friday.

The. first, Wanganui wool sale of the geason was held to-day, when an offering of just under 10,000 bales was submitted to a fidl bench of buyers representing all sections of the wool trade. Prices wrro very satisfactory to the producers, showing an advance of about £d to jjd on the coarser typo of crossbred wool compared with tlio opening Wanganui sale last season. For finer grades of crossbred prices were on a parity with those of last November, while pieces • and bellies, which were in good demand, brought prices from par to J,d lower. Prices generally wero up to those at the first sale of the present season at Wellington, and anything showing fino quality was eagerly sought. Compared -with tho rocent Wellington sale tho wool offered was of a heavier condition and on the wholo not so attractive. In view of theso factors tho sale may be viewed us a satisfactory one. Quotations from other centres wlicro the wools show superiority in regard to skirting, lightness of condition and spinning are apt to mislead growers. The indications are, however, that tho quality of tho wool produced in the Wanganui district is

rapidly improving. A factor which in many cases militates against a higher price being obtained is the lack of care in regard to classing and skirting. A number of bales were spoiled through lack of attention in this respect. The official ran go of prices is as follows. with tho prices ruling at the sale in March of this year, tho last sale of last season, al.so being given:— March. November. Finn crossbred— d d il d Super . . li) to 'JO Average . . Inferior . . Extra, fmo crossbred---Super . . 20J to 2:1 17$ to 10 Average . 18 to 10} 13 to 17 Inferior . . 15 to 17J 13 to 14} Medium crossbred— Super . . 10 to 20} 10} to 17} Average . . Hl} to 181 M} to 15} Inferior . . 13 to HI) 12 to 13 Course crossbred— Super . . 10} to 17J 15 to 10 Average . . 15i to 1(1 J 11 to 15 Inferior . . 12 to 15 11 to 13 Low crossbred— Super . . 15J to 10} 11 to 15} Average . 11l to 151 12 to 131 Inferior .. 12 to 11J 'il to 13 Hoirirets— Super . I t to 20 Fine Medium .. LambsFine . . Medium . . Crossbred bellies ami pieces (iood to sup. ]3} to 15 13 to 15} Low to nkd. S to 13 10J to 12} Crutchings— Med. to good It to 12'; 11 to 13) Inf. and seedy 7 to 11 0 lo 11 Locks— Crossbred . . 7! to b; 7 to S KEEN BIDDING IN LONDON. PRICES WELL MAINTAINED. Australian and X.Z. I'ress Association. (Received November 23, 5.3 p.m.) LONDON, Nov. 22. At the wool sales 11,369 bales were offered, of which 5887 were Australian, and 1668 New Zealand. There was a splendid selection of Merinos, including a large offering of secondhand sorts suitable for topmakers, and excellent, competition, with Continental buyers predominant. Prices were fullv maintained.

The following .New Zealand clip brought the prices stated :—Greasy wool, Carlton Hill, top price, 18JU1; average, 17d. MERCHANTS' ADVICE. CROSSI'dIKD KATES INCREASE. I lie New Zealand Loan and Mercantile Agency Company, Limited, has received llie following cablegram fioru its London ollice, dated November 22: The wool market is stronger. Crossbred greasy, crossbred scoured and crossbred slipe wool, 7ji to 10 per cent, higher. Dalgety and Company, Limited, report having received (lie following cablegram from their London house dated November 22:—The wool sales continue strong. As compared with the closing rates of tho last series, greasy crossbred are on an average of 7j per cent, to 10 per cent, higher.