WOOL SALE

Southland Times, Issue 22097, 18 August 1933, Page 8

WOOL SALE

PRICES INCREASE WELLINGTON OFFERING A KEEN DEMAND (Per United Press Association.) Wellington, August 17. In view of the recent rise in wool values, much interest was attached to the winter sale of crutchings, pieces and oddments held to-day in Wellington by the woolbrokers, this being the first auction since the close of the roster sales last April. ' The seven catalogues offered comprised over 4000 bales, the bulk of which were crutchings and pieces, there being about 800 bales of fleece wools. There was a fairly representative bench of buyers amongst whom competition was free and at times very keen, all good lines meeting with spirited bidding. Continental buyers, Australian and local mills took the bulk of the best crutchings for which there was an excellent demand. It is understood there were some good buying orders from Japan. Local scourers and fellmongers showed no hesitation in securing their requirements and passings were comparatively few and over 90 per cent, of the total offerings was quitted at auction. The sale reflected the recent general improvement in the market. Crutchings sold generally at one penny to 2d per lb. higher than in April, while fleece wools which were passed then at 3>d to 3?d sold to-day up to and in some cases a shade better. Super crossbred crutchings sold up to 61 d, medium to good to s£d and seedy ana inferior to 4d. Crossbred pieces and bellies made 2Jd to sd. There was keen competition for small lines of fine wools. Two small lots of Southdowns made 12jd and 12jd respectively, and fine halfbreds went to 10'jd. Fine crossbreds sold freely at 61d to Bld and medium crossbreds at sijd to 6ld. Lambs’ wool also went well, best sorts making 9d to 12,id and medium 6d to BJd. The following is the official range of

prices: — d. d. Southdown 121 io 121 Fine Halfbred— 56’s to 58’s medium 91 50’s to 56’s medium 10 to 101 Fine Crossbred — 48’s to 50’s 61 to 81 46’s to 48’s 53 to 61 Medium Crossbred— 44’s to 46’s medium 41 to 5i Coarse Crossbred 4 to 5.3 Lambs — 50’s to 56’s 9 to 12.1 44’s to 50’s 6 to 8} Crutchings— Halfbred 4i to 63 Superior Crossbred 5i to 61 Medium Good Crossbred 4 to Seedy and Inferior U to 4 Crossbred pieces and bellies 21 to 5 Locks and stained pieces 13