MARKET FOR WOOL

Poverty Bay Herald, Volume LV, Issue 17522, 21 March 1931, Page 5

MARKET FOR WOOL

WELLINGTON VALUES BETTER THAN LONDON THE RANGE OF PRICES (Per Press Association.) WELLINGTON, this (lav. Keen and remarkably well sustained bidding, and a very substantial rise in prices, ■were the outstanding features of Wellington’s fourth wool sale yesterday. The recent advance in the market, which has been described by local brokers as phenomenal and sensational, was fully realised, and in some quarters it is held that yesterday ’s sale advanced local prices to something above the London parity. The official range of prices is as fol low's: — Merino, <l4/70, (10/04: Average, Sid to flijd;'inferior, 7LI to Sd. Corricdalc: Super, lid; average, S{d to Did. Fine halfbred, SG/SS: Super, JOJd to 12d: average, Sd to ]<)d; inferior, (lid to 7 id. Medium halfbred, 50/50: Super. 10td to llld.; average, 7ld to Oil; inferior, Gd to 7 id; Extra tine crossbred: Extra super. 30d to 12d; super, BRI to 10d: average, 7ld to Sid; inferior. Old to 7d. Fine crossbred, 40/48: Extra super, lOd to lljcl; super, Siid to 9jd; average. 7d to sjel; inferior. Od to 7d. Medium crossbred, 44/40: Super, Sid to 9Jd; average, 7d to B]d; inferior, 5d to 6Jd. Coarse crossbred. 40/44: Super, Sd to 9Jd; average, Od to 7J(1; inferior, 5d to 52 d. Low crossbred. "6/40: Super, 7id to 7|d; average, Gd to 7.1 d; inferior, dd to 53d. Hoggets: 4S/dO, 7Jd to lOld; fine, 46/48, 7d to 9d; medium, 44/40, 7d to 83d. Lambs: Down, dO/56, 8d to 11-Jd; fine, 46/dO, 7d to 12jd; seedy and inferior, 2Jd to old. •Bellies and pieces: Crossbred, good to super, did to 73d; low to medium, 4d to sd. Crutchings: Medium to good, 4,}d to GJd; inferior to seedy, lfd to 3ld. Locks: Crossbred, 3d to 3sd.

BROKERS’ REPORTS C.S.F.M. & M. CO. Tim Gisborne Slioepl'ariners’ Frozen Meal and Mercantile Co., Ltd., report that the results of tlio sale of their consignments were as under :- Te Waka : 7 AF 8d ; 7 BE 6|d; 6DH 7*cl; 7 J)\V 6|d; 12 HE 6>l; 5 Ist pcs 6(1: 3 hels S4ti; 2 2nd pcs ojpl; 1 xnd 7d; 1 xbd 6pl : 1 xhd S Jcl; 2 fine xbd ?| ( | ; 21) xhd 6(1: 4 xhd 61,(1; 1 tine hgt 73(1. T.A.F. : 3 super xhd AA 841!; 1 fine xhd 7£d ; 5 B xhd 6RI: 1 xhd 6|rl; 1 C xhd 6jd; 2 coarse xhd 6pi. (t. 8.0. over Kokomoko over X: 9 AE 7pl; BBE 7cl; 6CE 64d ; 5 Ist pis 6d; 2 hels sd; 2 C xbd 6d: 1 2nd pcs spl: 1 hgt 7pl : 1 xhd 6|d ; 2 B lames 6J-d : 2 lambs 4Ad. (>. 8.0. over Kokomoko: .17 AE 7jd; 23 BE T.pl: 4 BIT 7pl: 4CE s|d • 4 BE 53d; 5 Ist pes 6',<l ; 4 hels 43d; 2 pcs sjd ; 1 coarse xhd 6LI; 1 super ligts Bpl. Waihirere: 5 A lambs 83d; 2 B lambs 6jd. F.P. : 2 fine xhd 7pi; 2 coarse xbd 6 pi. WVC/O: 1 A xhd 7pi; 1 B xbd 7pl. EAR: 1 xhd 6/ d. TO : 3 A xhd 7p1,; 1 B xbd 7jd; 2 pcs s|d. COMMON, SHELTON AND COAlessrs Common, Shelton and Co. have been advised that there was a strong demand for all lines of fleeces. Compared with February rates at Wellington, advances were: Fleece, ljd to 3d; hunks, 24d to 3pi; skirtings, 2d to 3d. The following sales were recorded on behalf of the firm:— AS: 5 -V xbd 63d: line xhd 7pl; J) xhd 6d : S/dow 11, 8pl; ctgs 4pl. K.X. over Afonowai: Pels 6d • pes 63d ; xhd 6pl; lambs 6.jd; riks 73d. T.K:: 1 xbd 6'd: 1 xhd 6Jd ; 1 xbd 73d. NEW ZEALAND LOAN CO. Tiie New Zealand Loan and Mercantile Agency Co.’s Gisborne wool at Wellington realised as follows: KIM: 12 AH, 8pl; 11 BH, 81I; 5 CH, 7±d; 6 DH, 6fd; 14 B, 8d; 14 C, 7pi; 4 I), 6-3 d; 34 BE, 7d; 21 CE, 63d; 14 HE, 6d; 5 EE, Ist pcs., 6pl; 11 2nd pcs., 6d; 43d pcs. 43d: 13 hels., spl; 12 Ist lambs, 9|d; 8 2nd lambs, 7pl; 7 3rd lambs, spl. ’ Ate;.: 7 BE, 7pl; 9 CE, 63d; 8 pcs.. 6pi: 5 pcs., spi. Alako : 3 lbs.. Sd ; 4 SF, 5d ; 8 Ist pcs., 7,L1 : 6 hels., s£d. ‘Kainoa: 8 AE, 7pl; 5 BE, 7d; 7 CE, 63d; 4 Ist pcS., 6d. B and M/Waerenga: 14 AE, 63d. Ngahuini: 5 AE, 7pl. Woodlands : 4 hgt., 53d; 8 AE, 7pl; 6 BE, 63dBwastika/WDB/0: 7 B, 63d. VP: 4 2nd lambs, spl; 5 bels., 43d; 4 ctgs., 3d.

HC/Rawhnhi: 4 AE. 7gd; 9 BE, 74*1. Cheviot Hills : 8 AE. 7pJ; 14 BE, 6pl; 4 CE, 6d ; 4 pcs., 6d. GD/O: 7 A, 7pl. Toma: 8 A hgt., 8pl; 11 B hgt., 73d; 12 AW, 8d; 38 AE, 8<l: 18 BW, 7p!; 37 BE, 7pl; 5 OW, 63d; 16 CE. Yd: IL DE, 63 d; 28 Ist pcs.. 7d; 9 Ist 'ambs, 83d: 6 2nd lambs, 63d; 7 lambs, spl. )l(- 6 A hut-.. 8-pl; 6 B hgt.. BJd; 5 A. 8d; 11 B, 73d : 11 C, 7d: SF. 6-pl. Pnkehau over JM; 7A, 73<1 ; s*B, 7d ; 8 O, 6id. Tar while: 6 AW, 7|d; 4 BW, 7pl: 7 D. 7d ; 14 AE, 73d: 13 BE. 63d; 5 C 6!d; 8 pes, 6HI; 4 bels, s.’>cl Pnknu : 4 CE. 6ph HE: 6 hgt, Bd. PWM ■' 4 A hgt. 8d: 5 B h"t, 8d: 5 7?d : 11 P. 7dJ ; 16 C, 6,/d ; 6 pcs, 5,',d • 4 lambs. 7d. Ahi man n • 4 AH, 8d : 4 BH, 7!,d ; 11 A. 8d: 8 IL 7d; 6 C. 63d; 7‘D. 7d 13 pes, 6PI: 4 efgs, 4Jjd. AES: 4 AE. 73d; 3 lbs, 6jd ; 0 BE. 7pl: 5 CE, 63<1. Marunga: 5 his 53d; 5 ctgs, 435. TM: 8 AW, 7|d. ■ LOW/Calthame: 4 A. 7:fd: 4 B. 6*4. Various brands interlotted: 11 XB, 7pl; 9 necks, Sri; It) necks, 7 J<l; 9 Is’ pes, dpi; 18 Ist pes, did; 11 pes, 53d; 9 hels, 4fd; 8 hels, 4Jd; 8 hels, sd; 9 Ist hgt, Sid; 18 hgt, 7'id; 13 fine XB, 8d; 10 XB. 7d: 31 XBE. 71(1: Id XP. d?d; 14 XB, 63d; 15 XB, did; 7 XB, 7d. MURRAY, ROBERTS AND CO. Sales of Gisborne wool reported by Messrs. Murray, Roberts and Co., Ltd., at the Wellington auction are as follow: Norwood : AW 7.1 d ; BW 63d 5 C 6-jd ; '-ellies sld; tine xbd 7pl: pcs 5p.1; A lbs 8pl: B lbs 6pl; his spl. WRO over Wairata: AW 73d; xhd 73d ; xhd 6pl; bels s'd ; pcs spi. ILF. : AW 7pl; AE 7jd; BW 7d; BE 6pl; xhd 6pl: coarse xhd 6pl; xhd 7pl; fine xhd 7pl; medium xhd 6pl: Southdown 83d; fine xbd 8d; halfbred 8d : xlk! 6Jd. J.J.C. : Hgts 71d; xhd 6pl. 11.M.D. : xhd 6d ; xhd 6{d; xhd 6pl. CEM: xhd 73d. TIIE SYDNEY SALES A DEFINITE ADVANCE The Sydney Wool Selling Brokers’ Association reports that the week’s sale closed with a definite advance of 10 to 15 per cent. Opening rates were fully maintained at yesterday’s sale, under ideal selling conditions. Competition has seldom been keener or more excited. Catalogues were fully cleared. Tho principal competitors wore France and Germany, though Japan was very prominent. Bradford was strong, and there was good support from the United States. Comebacks and crossbreds shared to full extent in the rise and brought record prices. Now that the sales are approaching their close it is realised that the .limited stocks are causing the trade anxiety, this being a strong factor in the rise of the market. It is gratifying that the improvement in prices has extended through all sections of the trade from the raw material to the manufactured article. With tho exchange rates as they are wool is still cheap for users, and there is it healthy feeling all round. The Sydney sales to date total 804,324 bales,