WELLINGTON WOOL

Otago Daily Times, Issue 27388, 13 May 1950, Page 8

WELLINGTON WOOL

Progressive Price Increase Maintained FINAL SALE OF SEASON PA WELLINGTON, May 12. Prices from 10 to 15 per cent, higher than those ruling at the previous Wellington auction on March 25 were obtained today at the final Wellington wool sale for the current selling season. Each successive local sale this season has been marked by a progressive increase in prices. The market today, compared with the Wanganui sale earlier in the week, was very firm for fleece wool and for some lines up by 2$ per cent. Skirtings and iamb’s wool realised slightly higher prices. The Continent was the principal buyer. Bradford operated moderately* and the United States was in the market for coarse wools. The official report says that the filial Wellington wool sale for the 1949-50 season was held today when catalogues of 18,400 bales of new season and 6200 bales of stockpile wool were offered. The offering comprised late shorn clips from the Rangitikei and Manawatu districts. These wools opened attractively, showing good average style and quality. There was also a large offering of lambs’ and oddments. Competition was well spread, with the Continent operating freely and consequently lifting the largest weight of wool. American orders for coarse wools resulted in extreme prices being paid for these types. Taking style and yield into consideration, the market for average wools was par to 2i per cent, dearer than recent sales. Compared with the previous Wellington sale held on March 25 average style wools were fully 10 to 12i per cent, higher, with coarse wools 15 per cent, and lambs’ 12£ per cent, higher. Official range of prices:—

d. d. Southdown— Good to super .. .. 61 to 61} Good 55 to 58 Average , .. 50 to 54 Extra fine crossbred— Good 54 to 38 Fine crossbred— Good to super .. .. 811 to 33 Good 45 to 48 Average 42 to 44 Medium crossbred. 46/50— Good to super .. .. 47 to 491 Good 44 to 46} Average 40} to 43 Inferior 26 to 38 Strong crossbred, 46/48— Extra super 52 to 54 Good to super .. .. 48 to 51} Good 45} to 47S Average 44 to 45 Lincoln— Extra super — to 54 Good to super .. .. 43 to 53} Good — to 46} Lambs, half-bred and down— to 62 Good to super .. .. 53} Average .. 45 to 53} Medium crossbred — Good to super .. .. 47 to 51} Average 43} to 462 Inferior and seedy 28 to 36 Necks, crossbred — . Good to super .. .. — to Average 412 to 42} Pieces, crossbred— . . Good to super .. .. 39J to 412 Average 41} to 38| Inferior and seedy — to 32 Bellies, crossbreds — 35 to 37 Average Inferior and seedy .. 25} to 28 Crutchings, crossbred— 43 to 451 Good to super .. .. Average Inferior and seedy .. 38 24 to 41 to 29 Locks, crossbred— 22 to 28