WELLINGTON WOOL SALE

Pahiatua Herald, Volume XLVIII, Issue 14091, 24 March 1939, Page 5

WELLINGTON WOOL SALE

PRICES WELL MAINTAINED

GOOD CLEARANCE AT FOURTH AUCTION. Electric Telegraph—Press Association WELLINGTON, Last Night. At the fourth Wellington wool saie of the 1938-39 season, held in the Town Hall to-day, recent pricelevels were well maintained. Though it was reported that because oi the recent Eu -opean unrest a number of Continental buyers in the last lew days had had their orders cut in half, it was noticeable that most, of the wool went to Bradford and the Cofatinent, as in . previous sales. Japanese and American bidding was restrained. . .. Coarse wools were in strong demand. Prices were quite satisfactory for average and good wools. Few lots were passed over, mostly merino and ha If bred types. Prices for crossbred fleece wools were much the game as at the February sale; halfbred showed a slight advance. There was a large bench of buyers. Bidding was brisk throughout the sale and the six catalogues, comprising 24,323 bales, were all sold or passed over before the luncheon adjournment. The wool came mostly from the Wairarapa, Manawatu and Rangitikei districts. Little Hawke's Bay wool was included, but there was a small proportion of halfbred and merino clips from Marlborough and Nelson. Because of the bad weather in the spring and early summer, a good deal of discolouration was noticeable in the clips offered. This was also the case in previous sales this year, but did not unduly depreciate the prices realised. The sale started at 8 o’clock. There was a full and comprehensive bench of buyers, France and Germany, Japan" and America being represented ;as well as the United Kingdom and New Zealand and Australian firms. Many of the however. took little active part in the bidding, leaving competition to a lumber of main buyers. Bidding was for the'most part fast and noisy, with strong competition for certain of the coarser clips. Throughout the morning buying continued keen and well maintained. Few lots were passed over in the later catalogues, the total passings being 1338 bales, or slightly less than five per cent, of the offering, This figure was approximately the same as at the February sale. The total quantity of wool offered fell short of the previous sale by only 1700 bales. There was no top grade merino or fine halfbred wool placed before the buyers and little niedinm halfbred. Average merino Average medium halfbred, at 10£d to 11 Id. showed a rose of £d. Crossbred showed a similar rise. Coarse crossbred types fetched up to 13£d, a slight rise on previous sales. Hoggets and lambs brought much the same prices as before. Prices were regarded as satisfactory. considering the quality of the jwool offered and the uneasy condition of the overseas market. RANGE OF PRICES. COMPARISONS WITH PREVIOUS SALE’S FIGURE. Following is the official list showing the range of prices at to-day’s sale, issued by the Wellington Wool Brokers’ Association. For purposes of comparison, the range of prices for the preceding Wellington sale, held on February 15, is also given: February 15. March 23. d. d. d. d.

Merino, 64770. 60/64 — Average ... lO* to 11* 10V to 1 u Inferior ... None 91 to 10 Fine ha If bred. 66/58— Average ... 10* to 11 * 101 to Hi Inferior . 10* to 10-J 9* to 101 Medium halfbred. 50/56 — Super None to 113 Average ... 10 to 11* 101 to 111 Inferior ... 9 to 94 82 to 10 Extra fine crossbred, 48/50— Super 10* to 12 104 to 121 Average ... 9| to lO* 91 to 10* Interior ... 8 to 91 8-1 to 91 Fine crossbred, 46/48 — Super 10* to 12* 101 to 121 Average ... 9j to 10* 9* to 101 Inferior ... 7 to 9 81 to 91 Medium crossbred, 44 46— Super 10* to 12* 101 to 1.31 Average ... 9* to 10* 9* to 101 Inferior ... 8 to 9 8 to 91 (V.irM- crossbred, 40/44— Super 10* to 12* 10* to 13 Average ... 9* to 10* 91 to 10* Inferior ... 8* to 9* 8 to 9 Low crossbred, 36 40— Super None m to 131 Average ... 9* to 10* 92 to 10* Hoggets— Fine. 48/50 9 to 11* 92 to 11 Fine. 46 48 9* to 10* 91 to 11 Medium, 44/46 None 9* to io-i 40/44 None to 111 Lambs— Down, 50; 56 7* to 10 to 10 Fine. 44/o0 9* to 12 9* to 121 Seedy and inferior 6* to 9 6* to 9 Bellies and pieces— Merino: Good to super None 8 to 9 Halfbred: Good to w super 71 to 82 8 to 82 Low to medium 6* to 7* 61 to 7 3 Crossbred: Good to super 8 to 9* to 8 a Low to . medium 6* to 7^ to 7 ! jCrutrhings— Medium .to good ~l to 9 to 9* Seedy and inferior 5* to 7* - to - Jx’ck s— AT< rino ... If +n 4 TTnlfl.r. 1 . . 4'. to 4■? t 41 C’ros-br d . 1* to 6 .3? to oh