WOOL PRICES.

Star (Christchurch), Volume LXIV, Issue 938, 7 December 1933, Page 11

WOOL PRICES.

ANOTHER GOOD SALE AT WELLINGTON. Buyers Exceptionally Keen. VALUES OF GOOD SORTS HIGHER THAN AT NAPIER. Per Press Association. WELLINGTON, December 7. The Wellington wool sale commenced at nine o’clock, when 30,000 bales were offered. There were practically no withdrawals, but there were a few passings in the earlier catalogues. Competition was exceedingly keen from all quarters, excepting the United States. Values were fully equal to those at Napier, and possibly a little better, but badly classed rough wools commanded only moderate attention. Typical prices early in the sale were: Southdown, 12d to 20d; Romney, 9id to Hid: half-bred, 12d to 17d; fine cross-bred, 104 d to 122 d; fine crossbred hoggets to 13d; Lincolns, 6d to! 7d; lambs, 7d to 12d. Crutchings, pieces and bellies were in good demand, for fine sorts, at about 5d to 74d, and for merinos and very fine quality pieces at from 12d to 15d. Up till one o’clock, the sale was continued with feverish competition and opening prices were fully sustained. It was authoritatively estimated that they were 100 per cent better than at the last December sale. Considering the eager state of the market, there was a fair amount of passing. A Buoyant Tone. At the luncheon adjournment, leading wool-brokers were inclined to the , opinion that prices were quite up to, if not above those of the Auckland opening sale, and certainly above the Napier prices on all better class wools opened, but an exception must be made of rougher and coarser wools, especially seedy lines. These, however. commanded quite good prices, considering their condition. It was noticed, too, that passings were rather less frequent as the sale proceeded. Mr Bertram Parkinson, head of the Bradford firm bearing his name, was an interested onlooker. His firm is among the largest buyers of New Zealand wools, but Mr Parkinson himself is on his first visit to the Dominion. He expressed himself as agreeably surprised at the great improvement shown in the quality of the wool offered today and spoke from first-hand knowledge, having visited the local wool stores and seen for himself the wool opened up for buyers’ inspection and valuation. He was of opinion that the improvement was to be attributed to the favourable climatic conditions this season.

LONDON SALES CLOSE

Market Steady at Late Rates. (R tiveci December 7. 12.30 p.m.) LONDON, December 6. At the wool sales. 7101 bales were offered, including 3394 bales of New Zealand wool, and about 6000 bales were sold. The sales closed steady at late rates. Compared with October closing rates prices were: Merino, greasy-superior, barely 15 per cent dearer, medium 124 per cent dearer, inferior 74 per cent to 10 per cent dearer. Scoureds, all round 15 per cent to 20 per cent dearer. Cross-breds—Fine, barely 20 per cent dearer, fine to medium 20 per cent dearer, medium 10 per cent to 15 per cent dearer, coarse 15 per cent dearer. Slipes 10 per cent to 15 per cent dearer. The total catalogued was 113,630 bales, and the totals sold are as follows: Home 50.200 bales, Continent 58,100 bales. The total held over was 21.000. The total of Australian wool sold was 56.000 bales and of New* Zealand wool sold 46,500 bales. New Zealand lots sold as follows: —Greasy cross-bred, WFJ/K 12? d; stipe half-bred lamb, WFM/TBS (top price 18d), average 13!d. Pyne, Gould, Guinness. Ltd., report that the London wool sales closed yesterday. Th« New Zealand offerings during the series were about 45,000 bales and a good clearance was made. The competition was animated throughout—all sections of the trade operating freely. There was an average selection of New Zealand cross-breds, but all others were disappointing. As compared with the closing rates of the September sales, balf-breds (50-56's) were 2Jd highex*, three-quarter breds <46-48’s) 12d higher, cross-breds (40-44’s) Id to higher. Current rates may be quoted as fol-lows:—s6-58’s 16Jd, 50-56's 15id to 17d, 48-50’s IOJd to 13d, 46-48’s 9d to lOd, 44-46’s Sd to 9Jd. 40-44's 7d to 8d: scoured Merino 26|d to 30d, half-bred 22d to 26d: sliped half-bred 16Jd; sliped cross-bred lid. l>alg«ty and Company. Limited. The London wool sales closed actively to-day with very strong tone. As compared with closing rates of last series:— Greasy merino ljd to 2Jd, scoured merino 3d to 4d, greasy half-bred 2d to 3d. fine greasy cross-bred lid to 2d, medium greasy cross-bred Id to 1 id, coarse greasy cross-bred Id to ljd. fine slip* 2sd to 3 id, medium and coarse slipe to 2d. greasy cross-bred lambs 2d to 2Jd. all higher. Following is the range of prices realised:—Half-bred: 56-58, good to super, 17d to 1 9d; 56-SS. low to medium, 13d to 161 d: 50-56, good to super, 3 s|d to 17Jd: 50-56, low to medium. 12d to 13d. Fine cross-bred: 48-50, good to super, lid to 13d low to medium. SJd to JOJd: 46-48. good to super, 9sd to 102 d, low to medium. 72d to 9d. Cross-bred: 44-46. good to super Sid to 9fd. low to medium, 73d to Sd •’ 10-44. good to super, 7gd to 83d. low to medium, 69d to 7jd. Coarse cross-bred: 36-40. good to suoer 7sd to Sid, low to medium. to 7d. Zealand farmers’ Co-op. Assn. The London wool sales closed to-dav, and compared with close last sale advance continues:—Greasy merinos, scoured merinos, 30 per cent to 15 per | cent, higher: greasy fine cross-breds, 20 ! per cent to 25 per cent higher; medium | and coarse, 20 per cent higher: fine cross-breds, 20 per cent higher; medium cross-breds, 15 per cent higher; scoured coarse cross-breds. 10 per cent to 15 °ont higher: slipes, 15 per cent to -° P er cent higher. Total sales Home trade 49,000, Continental 56,000. 21,000 bales carried over. If.Z. Loan and Mercantile Agency Co., Ltd. As comparted with last sales closing rates prices are higher: 2d to 2Jd per lb for medium cross-bred, merino lambs, bne greasy cross-bred; 1} to 2d per lb for coarse cross-bred, greasv crosslarn,ba and greasy merino; 3d to 3jrl pej- 15 for scoured merino. fine scoured cross-bred: 2*d to 3d per lb lor fine cross-brted slipe. Sales closed firmly to-day.