THE WOOL MARKET

New Zealand Herald, Volume LXX, Issue 21414, 11 February 1933, Page 12

THE WOOL MARKET

PRICES AT WELLINGTON FINE SORTS IN DEMAND JANUARY RATES EXCEEDED LOWER GRADES NOT WANTED [by telegraph—press association] WELLINGTON, Friday An exceptionally keen demand for all halfbreds and other fine sorts was an outstanding feature of the third Wellington wool sale of the season, which was held this afternoon and evening at the Town Hall. It was plain from the outset that lower grades of crossbreds were not wanted, except at low prices, and the value of these dropped very noticeably at times. All halfbreds and similar uools were from 3d to Id per lb. better than at- the Wellington January sale and fine crossbreds, lambs and good pieces were from id to tip. On the other hand, medium to good top-making crossbreds were id to jd lower and inferior sorts were a full jd down. Solid support to the market for better grades of crossbreds was given by Japan, which took a fairly large quantity. The catalogues totalled 30,175 bales, hut eleventh hour withdrawals reduced the quantity to under the 30,000 mark. There was a full bench of buyers representing every section of the trade. The official range of prices was as follows, prices at the January sale at Wellington also being given :

FEATURES OP THE SALE

SOUTHDOWN REALISES 13D [by telegraph—OWN correspondent] > WELLINGTON, Friday For all fine wools over 48's quality there was an exceptionally keen demand with animated Competition. Hogget and lambs' wool also fold well under strong bidding. For crossbreds below 48's quality there was a noticeable lack of interest and inferior sorts were difficult to sell. Halfbreds were, up £d to Id on January rates, and Merincis were a shade firmer. The top price of the sale was 13d, obtained for ;six bales of extra super Southdown, was paid for 15 bales of super Southdown. Nine b'ales brought 12id. The poor market for crossbreds was described/ by a leading broker as entirely due to the world glut of this class of wool. Unfortunately as far as the North Island was concerned there was a heavy weight of crossbred available. A feature of the sale was the keen Japanese competition for good to super' crossbred, of which Japan took a fairly large quantity. Bradford operated fairly freely but ,the bulk of the halfbred and Merino wools were taken by France, Germany and Dominion buyers. Continental buyers wefe not interested in wools below 46's, of which Bradford was the chief buyer. The Continent took a fair quantity of super crossbred. Lambs' wool sold very well, France, -Canada, Australia and the Dominion taking the bulk of these offerings.

January February Merino — ; d d d d Super .. 9 to 11? to 101 Average 7i to 8} 8i to 91 Inferior 7 to 71 71 to 8 Fine Halfbred, 56-58— Super / . . 91 to 10! 101 to 13 Average 7 to 91 8 to Inferior 5J to 6! to 72 Medium 'Hn If bred. 50-56— 71 to 9! Average 61 to S3 Inferior 4i to 61 42 to 7 i Extra Fine Crossbred, 48-50— 91 Super 71 to 81 Si to Average 51 to 7 $51 to 8 Inferior . 3 to 5i 32 to 51 Fine Crossbred, 46-48— Super .. 51 to 71 61 to A Average 1 . 4 to 51 41 to 6 Inferior 2] to 31 22' to 41 Medium; Crossbred. 44-46— Super 4| to 61 5 to 71 Average 31 to 41 31 to 42 Inferior 11 to 3 12 to 3 Coarse Crossbred, 10-44 — Super 4} to 55 41 to 61 Average 3 to 4 J 31 to 42 Inferior . I to 21 21 to 3 Low Crossbred, 36-40— Average 21 to 32 • 2 to 4 Hoggets— 48-50 . . < . 5 to 8 51 to 9! Fine, 4J5-43 4 to 71 4 to 81 Medium, 44-46 . . 31 to 61 31 to G2 Coarse, 40-44 .. 3 to 5 — Lambs' Down— 50-56 7} to 9 7 to 101 Fine, 44-50 6i » 8 6 to 9 Medium. 40-44 . . 55 61 to 62 Seedjf and inferior 21 to 51 2 to 52 Bellies and PiecesMerino— Good to 6uper . , G} to s: 6 to 62 Low to medium . 4j to 6 up to 52 Halfbred — Good to super . . 51 to 9 62 to "J Low to medium . 2} to 6J 3J to 61 Crossbred —, 31 to 61 Good to super . . 3 to 6 Low to medium . U to 3! 2 to 4 Xrutchirigs— 3 to 41 Medium to good 23 to 41 Inferior and seedy 1 to 21 1 to 2 s Locks:— Merino, <. . HalfbVfed »• 25 to 35 12 to 31 21 to 31 up to 3 Crossbred .. li to 2 11 to 21