WOOL SALES.

Poverty Bay Herald, Volume XLVIII, Issue 15794, 7 April 1922, Page 3

WOOL SALES.

iElec- TeL Copyright—United t'res:. Assnj SYDNEY, April 6. The sixteenth series of wool sales has concluded. Competition wa.s keen for all wools except low grade crossbreds. Late rates were well maintained.

VIGOROUS COMPETITION* AT WEL

LING-TON

There were not wanting indications that the sale on Wednesday would disclose a firm tone, for at the Dunedin sale held last week there was an advance in values, and at the London sales which closed last week there was practically a total clearance of all the wool submitted—some 216,0C0 bales—and prices showed an advance of 5 per cent, to 10 per cent. The Bradford top market also has displayed a rery firm tone. It is doubtful, however, even with these indications, whether brokers were quite prepared to see the spirited bidding and the keen demand that was exhibited. Right from the outset it was obvious that the buyers were after the wool. There was a, full bench of buyers' representative of Bradford, Germany, Belgium, Franco, America, and Japan, and the Dominion mills and scourers were also fully represented. The condition of the wool was fair to inedium—it was ireally very good for this time of the year, and it was noticeable that there was not very much seedy wool in the whole lot. Coarse wools formed the bulk of the catalogues, and there was very little wool of the classes suitable for export to America. There was some doubt as to the attitude. that would be adopted by the buyers <on American account, in view of the fact that Congress is again manipulating the tariff, but these buyers bought quite readily all the wool that came up to their standard. Bradford and Continental representatives competed eagerly for the bulk of the crossbred wool, and this demand was a feature of the sale. Bradford and Germany took the heaviest weight of the low crossbred wools at the highest prices of the • series of sales held in Wellington this season, and at an estimated advance of a half-penny on last sales. There was spirited competition for lambs' wool on the part of French buyers and those operating on behalf of Dominion mills, and for this class of wool also tho highest, price? of the. series was obtained, making w much as lid to for the best lots. The demand for bellies and pieces .was excellent at an average advance of. a halfpenny. Japan got the bulk of the crutchings, and these, with bellies and pieces, were all cleared. Yesterday's sale was easily the best of the series, and the most satisfactory. From about 95 per cent, to 98 per cent, of the offerings sold under the hammer, and one firm only failed to "knock down" four lots out of a very big catalogue. ' . ,

There is still a little wool left in the country, and arrangements are being made for another sale to be held next month. It is anticipated that by the end of May all the cany-over wool which has been a menace to the marke: and , the past season's wool will have been cleared out of the Dominion, and the only wool that will be then, left will be that under the control of Bawra. The crossbred wool position is thus ex tremelv satisfactorv.

The official range of prices is given below (Wednesday's prices being shown between parentheses): Merino : Super 16*1 to 18d, average l5J.d to 16*1, inferior 13*1 to 14d (13d to 14*1).Medium halfbred (50-56): Super 12|}d to 133 d, average 9d to 11*1 (10*1 to 12*1), inferior 7d to B*l (8d to 9*l). Coarser halfbred (48-50) : Average BJd to (7d to BAd). Corriedale : Average (10*1 to 12id), inferior (8d to 9|d). Fine crossbred (46-48): Super (9d to 10£d), average 7d to Bid (74d to 9d), inferior 4|d to 6d (5d to 6fd). Medium crossbred (44-46): (Super Hd to 9"|d (8d to 9"|d), average s|d to 7|d (6d to 7|d), inferior 4*l to s|d (5d to 6d).

Coarse crossbred (40-44): Super 6d to 7|d (6d to 7*l), average s*l to 63d.(&i<L to 7d), inferior 4d to s*l (4d to s*l). Low crossbred (36-40) : Super 5d to 6sd (5d to.6id), average 4||d to s*l, (4|d to s|d), inferior 4d to 4*l (4d-to 4*l). Hoggets: Fine (46-8) (8d to 9*l), medium (44-6) 6d to. B*l (6d to BJd), coarse (40-4) 5d to 7fd (5d to 7Jd), low (36-40) 4d to &Id (4d to sfd). Lambs: Down (50-6) lOd to * lOfd, (lOd to Hid), Fine (44-50) 8d to 10td ,8d to 8*1), mediurh (40-44),-6*l to, 8d (6*l to 8*1), seedy and inferior 2d to 5d (2d to sd). , • Bellies and pieces: Merino, ■ good; to super, 8d to lOd ( —, —); merino, low to medium, 6d to 7d (6*l to 7*1); halfbred, good to super, 6d to 7d.(6Jd:to 7|d); half-bred, low to medium, 4d- to s*l (4*3 to 6d); cross-bred,' good .£0 super, 3*l to 5d (3*l to sd); cross- • bred, low to medium, I*H to 3d (I*l to 3d.) . .'

Crutchings: Medium to good, 3d to 4|d - (3d to 4Jd); inferior and seedy, Id to 2Jd (lid to 2^d). Locks: Merino, 2J[d to 3Jd (2£d to 3Jd); half-bred, —, ( —>, —); crossbred, Id to (lid to 2d). Dominion.