WELLINGTON WOOL SALE

Otago Witness, Issue 4066, 16 February 1932, Page 17

WELLINGTON WOOL SALE

PRICES BELOW JANUARY RATES KEEN DEMAND FOR FINE WOOLS. WELLINGTON, February 11. With the exception of the half bred and fine crossbred varieties, the prices received at the third Wellington wool ~ale of the season to-daj- were down on those at the preceding sale in January. The catalogue of 27,700 bales was the largest catalogue to be offered at any wool sale held in Wellington this season. There was a full bench of buyers, the Continent, Bradford, and Japan being the principal operators. It is estimated that approximately 75 per cent, of the catalogue was sold. The sale commenced in the afternoon and was continued in the evening. One of the most notable features of the sale was the keen, insistent demand for fine wools of 50’s quality and up wards, and also for the small lots of super Romneys catalogued. Continental buyers were very strong takers of halfbreds, with good competition from Japan for the best crossbreds. Low quality crossbreds were very dull of sale, and low prices had to be accepted for most lots on offer. Compared with the January sale at Wellington, halfbreds generally appreciated full}’ 4d, and in some cases Super Romneys and fine crossbreds were unchanged. Low and inferior crossbreds were a full id down, and shabby sorts as much as fd. Bellies and pieces also suffered, the fall ranging from Jd to Id and occasionally Id. There was a good demand for stylish lambs’ wool, the local mills and ‘•he Continent taking most of the lines. Bradford lifted a big proportion of the crossbreds. The Continent, especially Germany, was the largest buyer of halfbreds. Bidding was spirited and at times excited for the beat crossbreds and all halfbreds, but exceedingly dull for low and inferior sorts. The wool offered was a medium selection, with a noticeable scarcity of super wools. Seed was much in evidence in many of the back country dips. There was a fair quantity of fine wools from Nelson and Marlborough. Most of the old wool offered consisted of lots offered in December, holders apparently realising that there was little chance of any appreciation in the market during the present season and deciding to quit. Mr W. Hammond, chairman of the Wellington Wool Brokers’ Association, said that the selection was mostly top-making crossbreds, but included a fair propor- . tion of halfbreds and merinos from Marlborough. There wae a full bench of buyers

competing, especially from the Continent. Bradford, and Japan. Bidding was keen, but somewhat irregular. In comparison with the recent Timaru sale prices generally might be said to be par to a shade firmer, but compared with the Wellington January sale they were from par to a shade easier.

The official range of prices, comparing last Thursday’s result with those or January, is as follows: —

Jan. 6, 1932 Sale. Feb. 11, 1932 Sale. d. 1. d. d. Merino, 64-70, 60-64—-Super . . . 94 to 10 to 114 Average . . 7 to 81 to 94 Inferior . . 6 to 7 — — Corriedale— Super . . . — — — » — Average . . 84 to 91 8 to 10 Inferior . . 54 to 71 6 to 74 Fine halfbred, 56-58— Super . . . — — 91 to 11 Average . . 84 to 91 71 to 91 Inferior . . 51 to 71 51 to 71 Medium halfbred, 50-56-Super . . . 11 — — Average . . 8 to 91 71 to 94 Inferior . . 5 to 71 41 to 74 Extra fine crossbred, 48-50— Super . . . 8 to 9 81 to 91 Average . . 51 to 71 61 to 8 Inferior . . 4 to 51 4 to 6 Fine crossbred, 46-48— Super . . . 7 to 81 7 to 81 Average . . 5J to 7 5 to 64 Inferior . . 4 to 5 3 to 41 Medium crossbred, 44-46 —- Super . . . 6 to 61 6 to 81 Average . . 41 to 51 41 to 5< Inferior . . 3 to 41 21 to 41 Super . . . 51 to 6 5 to 71 Average . . 41 to 5 4 to 41 Inferior . . 21 to 4 3 to 31 Low crossbred, 36-40 — Super . . . — — — 51 Average . . — 4 31 to 41 Inferior . . 2J to 31 21 to 34 Hoggets— 48-50 .... 5} to 84 51 to 9 Fine, 46-48 . 41 to 71 41 to 74 Medium, 44-46 4 to 61 4 to 6| Coarse, 40-44 41 to 41 31 to 31 Lambs— Down, 50-56 . — — 61 to 84 Fine, 46-50 . 51 to 81 51 to 91 Seedy & inf. 2 to 5 2 to 51 Bellies and pieces— Merino : Good to sup. 61 to 71 6 to 74 Low to med. 31 to 5 —• .41 Halfbred : Good to sup. 64 to 81 5 to 71 Low to med. 3> to 51 31 to 5

Crossbred : Good to sup. 4 to 6 34 to 5 Low to med. o to 3} U to 31 Crutchings— Med. to good 4 to 54 34 to 54 Inf. to seedy 1 to 3 1 to 3 Locks— Merino . . . 2 to 24 Half bred . . 2 to 24 —— 2 Crossbred . . 1 to 2 to 21