COMMERCIAL

Stratford Evening Post, Issue 99, 8 December 1928, Page 8

COMMERCIAL

WELLINGTON WOOL SALE,

WELLINGTON, Last Night. The Wellington wool sale to-day and to-night was very satisfactory The catalogues contained a lot of w m was described as “American style wool,” and for this Americans hid spiritedly in their efforts to shake off Australian competitors, this class of wool showing a distinct advance cn November rates. The plentitul supply of hogget wool was also m keen -demand, as were bellies ana pieces French buyers were to the front for iambs’ wool, of which there was a fair showing. Fine woo.s were rather disappointing. The attendance of buyers at the sale van good and the wool was in splendid condition, being exceptionally we grown, light! and bright. Indeed, the wool was probably the best shown at a Wellington sale for some tune. Competition was exceptionally keen and animated, but Bradford was not to the fore as in the past. pcm e of the best! hogget wool lots brought up to 21|d. The principal competition for half-bred wool came from the Dominion mills, pnles being on a parity with November rates, which were very satisfactory. Lambs wool realised 18d to 21 1-4'd. Bellies and pieces were keenly competed foi from the Dominion mills, prices herealising good prices, necks bringing the value of fleece wool. Generally speaking the prices were on a par with the last! sale, with the exception of super wools, out 44-46’s and 40-44’s qualities, owing to exceptional American and Australian demand, advanced yd to Id °n November rates, and bellies and pieces showed a similar advance.

LOAN and mercantile report WELLINGTON, This Day. (Special to Post)

The N.Z. Loan and eMrcantile Agency Co, Wellington, report that the second sale of the season was held yesterday, when th e combined brokers submitted a total catalogue of approximately 26,000 lKue.->, of which about 05 per cent, were sold under the hammer to a full bench of buyers. The latter represented the- United Kingdom, American, Continental and Japanese interests, and also Dominion mils amt oca lellmangers and scourer shrd cmfwypa

Competition for super w'ocls was very keen and the prices for these, grades were much on a par with the November rates, ordinary top making and shabby lotes were quoted about 1/4 cheaper. M'ermo s met a diaggmg market and quite a number of lets failed to reach prices up to venders’ expectations and wore passed in. However most of these were disposed of privately after the sale. Halfhreds showing quality and light m good condition mot spirited competition. and excellent prices were realised. Pieces, bellies and leeks were eagery competed for by Conti-

nental buyers at about last sale s prices. Clips classed by us in store were keenly competed for and binned wools sold exceptionally, well. _ _