WOOL PRICES UP.

Taranaki Daily News, 5 January 1924, Page 5

WOOL PRICES UP.

VERY KEEN COMPETITION. NOVEMBER PRICES PASSED. THE WANGANUI SALE. By Telegraph—Press Association. Wanganui, Last Night. The second wool sale of the season commenced this evening, when a catalogue comprising 22,500 bales was offerC'l to the largest bench of buyers that has ever assembled at local wool sales. At the outset H was apparent that prices were going to be extremely satisfactory, and as the sale progressed a high level of prices was maintained, and competition remained keen throughout. Continental buyers were very active and absorbed most of the wool medium to low grade suitable for their trade. France paid exceptional prices for both lambs’ wool and pieces. The United States was very keen for the few lota of super wools suitable for its requirements, and, Japan went for crutchings and Lincoln wool and paid good prices Bradford and Dominion interests also competed strongly. The prices as a whole were much bejoild expectations, and farmers congratulated themselves openly upon the good realisations that their clips made. Wools passed at the November sale bre right twopence more, and this is an indication of the rise all round in values, Passings were practically nil. and in the few instances were due to grower*’ exulted opinions of the market. The highest prices «o far were 20Ad for a line of Romney, hoggets’ wool and 22|d for halfbred. Lambs’ wool sold as high as 21$d.

REPORT OF FARMERS’ CO-OP. (By Wire—Special to News.) Wanganui, Last. Night. The Farmers’ Co-op. Organisation Society, Hawera. report ns follows: Wc opened the second series of wool sales at Wanganui this evening, when we submitted a catalogue comprising 1200 bales to a record attendance of buyers, representing Bradford, United States of America, the Continent, Japan, and local mills. Our catalogue consisted chiefly of lower grade parcels, with a few lots of better quality. From the outset competition was very Keen, bidding being spread evenly over the whole line of benches. It was evident from the commencement that a good sale had opened, and the whole of our catalogue waa cleared under the hammer at prices well in excess of those ruling at the last series. A feature of the sale was the excellent competition In evidence for lambs’ wool and skirtings, which felt the influence of the improved demand. The following are some of our best prices: AJC/H Romney A ISAd, Burnside hoggets A 17d, wether* A 16d, ewes A 15id, A. and P. Crossbred I Cd: AJC Southdown 24£d, A 7 ' Southdown 18Jd, PH 18d; Cobe EA 17d, H 15j|d: OP/H hoggets ls‘/ 2 d; RA 14$<1; HPW/M lambs 14|d. JJJ hoggets 14Jd. TLL 14d; CII hoggets 14}d; LB/O hoggets and ewes 14)d; AL/Toko HA 14d; Where hoggets 15d; E 15d, lambs 15|d; Rurukoana A 14d, lambs 15%d: Mahoe hoggets 15d, lambs 14jd; JHB/Key Romney hoggets 15$d; JFS E 14d; B< k lambs HHd; HAF/T wethers 14d; AX/M hoggets "l4Jd, ewes 14$d.