WOOL SALE

Southland Times, Issue 19830, 29 March 1926, Page 8

WOOL SALE

WELLINGTON SERIES PRICES INCREASE WOOL IN GOOD CONDITION. (Per United Press Association.) Wellington, March 28. The wool sales closed on Saturday. The boom prices realised early in last season, notwithstanding the succeeding slump, gave an average of £29 5s per bale or £6 4s more per bale than that realised in that preceding, and the value of wool sold in New Zealand last season was £13,537,000 or slightly under £2,000.000 better than that of 1923-24. Buyers, as a matter of business, were expected to try and get little of their own back and this led to a limitation of the offerings of wool with a view to stabilising prices. The result to producers of raw material has, on the whole, been satisfactory. Many of them may not think so but the Wellington market indicates yesterday that the wool appears to be far more stable as to price than it has been for the past two years.

The offerings made in Wellington during rhe season closed were: November, 10,007 bales; December, 25,095; January, 25,063; February, 25,012; March, 22,111; total, 107.288; 1924-25 season, 100,116.

The comment of the official range of prices appearing hereunder was: Although the range of prices shows a slight decline in some cases it must be remembered that the bulk of the catalogue consisted of late shorn wools, which are not in the best of condition. Taking condition into account generally sneaking, prices were at par to 4d per pound better than at the February sales. Unofficially the opinion of the authorities on the wool sale was to the effect that its condition was much ahead of that usual in March sales, there being some nice well grown light conditioned Romneys in the catalogues and these commanded keen competition at about 4d. better than February rates.

The American demand was for any suitable superfine lots. Bradford also was anxious to secure the same qualities and was the mainstay of the market, although Continental competition w’as mostly pronounced as the catalogues contained many lots suitable for Continental trade. Bidding from that quarter was most eager and large quantities of wool were brought. Lamb's wool was irregular and French buyers did not appear to have the same elastic limits that characterised the last sale. Medium and inferior lamb’s wool sold well up to last sale. Pieces and bellies were in strong demand and good lots made fully 4d. better than in February. Merinos, in sympathy with the rise lately reported from London, commanded quite strong competition and may be quoted at 4d. to Id. in advance of last sale. Halfbreds were also in strong demand and appreciated in value to some extent. Merino’s wools in the sale, as compared with other March offerings in- Wellington, would all give rather better yields. This fact would account for the sound prices realised on some of the wool. The following is the official range of average prices realised at the sale yesterday:

Feb. 27 Marc-126, 27 prices prices. d. d. Merino— (64’s to 70’s, 60’s to 64’s.) Super .... 18 to 21} to 19? Average .. 16 to 174 15 to 174 Inferior .. 14? to 15? 14 to 14? Fine Halfbred— (48’s to 58’s.) Super .. .. 16} to 174 — Average .. 14 to 16} 144 to 174 Inferior to 134 11 to 13? Medium Half bred— (50’s to 56’s) Super .. .. 15 to 15} 154 to 164 Average .. 134 to 15 13 to 15 Inferior .. 114 to 13} 10? to 124 Coarse Halfbred — (48’s to 50’s.) Super .... 14 to 154 14 to 15} Average .. 12 to 14} 12 to 134 Inferior .. 10 to 12 10 to 11? Corriedale— Super . . .. 164 to 184 — Average .. 13? to 154 13 to 15 Inferior .. 114 to 124 Fine Crossbred— (46’s to 48’s.) Super .. .. 134 to 15? — Average .. 114 to 14 12 to 144 Inferior .. 94 to 114 94 .to 114 Medium Crossbred— (44’s to 46’s.) Super .. .. 134 to 14? — Average 11 to 134 11} to 134 Inferior .. 94 to 11 9} to 11 Coarse Crossbred— (40’s to 44’s.) Super .. .. 124 to 13 — Average .. 11 to 124 11 to 124 Inferior .. 9 to 10} 9 to 10? Low Crossbred— (36’s to 40’s.) ' Super .. .. 114 to 124 — Average .. 104 to 11} 104 to 12 Inferior .. 84 to 10 9 to 104 Hoggets— (48’s to 50’s) 12} to 16 to 14? Fine (46’s to 48’s.) 11 to 15} 11 to 14} Medium (44’s to 46’s.) 11 to 12? 11 to 134 Coarse (40’s to 44’s) 11 to 11} 11 to 124 Low (36’s to 40’s) 10 to 114 9? to 114 Lamb’s Down— (50’s to 56’s) 13? to 17} 13} to 15? Fine (44’s to 50’s) 12 to 164 11 to 15 Medium (40’s to 44’s) 10? to 12} 9} to 11} Seedy and Inferior all grades .. 6} to 11? 5} to 12 Bellies and Pieces (Merino' — Good to to 15 Low to medium 10 to 12? 10 to 13 (Halfbred) Good to super 10 to 12 10 to 12 Low to medium 7 to 10 84 to 10 (Crossbred.) Good to super 84 to 11} 84 to 12 Low to Med. 24 to 84 6 to 9 Crutchings— Medium to good 7? to 10 7 to 94 Inferior and seedy .. 44 to 7 44 to 7 Locks— (Merino ' 8 to 9} Halfbred . . 5? to 8 6 to 8 Crossbred .. 5 to 6} 44 to 6?