WELLINGTON WOOL SALES ON FRIDAY.

Star (Christchurch), Volume XLIV, Issue 64, 17 March 1931, Page 8

WELLINGTON WOOL SALES ON FRIDAY.

(Spec ial to th« “ Star.”) WELLINGTON, March 17. Considerable interest Is being taken m the Wellington sales to be held at the Town Hall at 9 a.m. on Friday next. A total offering of over 20,000 bales will be made to buyers, the quantity allotted to this sale by the New Zealand Wool Committee being 30,000. There will be a good representative offering at this sale, mainly of crossbreds, the quantities of half-bred and Mermoes being infinitesimal. Included in the catalogues offered to buyers will be a quantity of super style Romneys, which no doubt will command the favourable attention and excite the keen competition of Bradford and the United States buyers. The lield-over wools in this catalogue will not be large, but a fair quantity of wools from the Napier district will be offered, amounting to probably 3500 to 4000 bales. A fair quantity of lambs’ wool is being brought forward at this Wellington -sales and some of these lines are showing good colour and length. It will be interesting to learn how these lines of lambs’ wool will go in the sale, as there were practically none of these wools offering at the recent southern sales. A very satisfactory quantity of wools suitable for the Continent will be brought forward, and they -will be drawn mainly from the Marlborough and Nelson districts. As the London market still shows firmness, and inasmuch as it is reported that Homfe buyers are competing freelv at the Coleman Street sales, it would seem that growers can look forward to this section of the trade being well forward and competing freely at the coming Wellington sale. Much will depend upon Japan as to whether relatively good prices will be paid for certain classes of wool suitable for that market, but probably the general quality of this offering will be hardly fine enough for Japanese requirements. It is fully anticipated that the competition at this sale will be exceedingly keen, with biddings well spread. MELBOURNE PRICES TEN PER CENT UP. (United Press Assn.—By Electric Telegraph—Copyright.) (Received March 17. 10.10 a.m ) MELBOURNE, March 16. At the wool sale prices were 10 per cent higher than the closing rates on March 4. Merino combings sold to 16id comebacks 15id and cross-breds 15|d. LONDON BZCKAVdS. (United Press Assn.—By Electric Telegraph—Copyright.) . LONDON. March 16. P. and O. Deferred Stock. 335. (Received March 17. 11.50 a.m.) GOLD. .. . • LONP£>N. March 16. Gold is quoted at 84s lOjd per ounce. „ . -p, WELLINGTON. March 17. 9d SalS Keported —Commercial Bank, 15s NOVEL MARKETING ELECTION ARRANGED. (Received March 17, 11.20 a.m.) LONDON, March TG. The Empire Marketing Board’s Dairy Council has inaugurated a buying election, in which ten thousand housewives in the Midlands will vote either for Empire or foreign butter. The Lord Mayor of Birmingham inaugurated the ballot in the presence of a thousand women employees of motorcycle works. HIGHER PRICES FOR SKINS IN BRISBANE. (United Press Assn.—By Electric Telegraph—Copyrigh t.) (Received March 17. 10.10 a.m.) _ BRISBANE, March 17. Sheepskms are in strong demand at oO to 50 per cent advance. Pelts are n| halfpenny per pound dearer, and third -ffiools three-farthings, half wools on© penny arid three-quar-ters three halfpence to twopence.