COMMERCIAL.

Colonist, Volume LI, Issue 12399, 14 November 1908, Page 1

COMMERCIAL.

WOOL SALES AT WELLINGTON. (Per United Press Association.) Wellington. Nov. 13. The first siool .sale rf '■ ti'o 1908-9 | S9BSOQ toik plice at the To - vn Hall I to-day. The result was the gr*-;ite?t: \ surprise in the history of tie local auctions. It was expected that a small rise might be chronicled, -but Mtssrs Hill and Mill e, ■ rejjres;.'rif,iug Bradford firms, set the pact', and prices soered a'.:ovo the brokers' estimates to an advance of 94' 1 a pound on the closing rstes of the last London sales, and then practically every bale was cleared. It was a' phenomenal sale ia every way. The Americans did not hid,cousideri;ig the prices too high above tueir limit, but then there was little wool in the condition and get-up s it'll 1) for tbeir purpose. Tne values reailsed are all -the' more satisfactory ween it is considered that the wool was not of as good quality as that offering at the opening sale of L.Bj' ' season, and was heavier in condition to the extent of 2to 3 per cent. The hulk of the wool was purobssed for Bradford houses. § The catalogue was not so heavy as that cf last Ni-vem-bfr, duo probably to g:o «eis Lclding back to watch the trend cf.'the~ market, and in a minor degree to wet weather interfering with sh»a>ing ia some districts. The catalogue comprised i:JB6 bales, against- 1715 list November, 1550 in Novpinber,; 19: G, and liOO in November, 1935. The pnce3 averaged ' as under:— Medium' half bred, 7d to S d ; super crossbred, fi^d to 8d ; medium coss- ~ bred, . 5%d to GJ4d; inferior cip?s-< bred, 5d to s^d ; bellies and pie.-ys, "■ _■ Hd to 4%d: stained piects acd lo 1 s, ■ \%& to 2}£d; dead, 3d to I% d ; crutohings, Y%. to 3^d.