PRICES EASIER.

Star (Christchurch), Volume LXVI, Issue 20232, 16 February 1934, Page 4

PRICES EASIER.

Position at Wellington Wool Sale. FAIR CLEARANCE REPORTED. Per Press Association. WELLINGTON, February 15. Wellington’s third wool sale of the 1933-34 season, held to-day, was chiefly remarkable for the contrast it presented to that of last month, which, in all probability, will stand as the record auction of the season for the whole Dominion. Prices to-day were more or less back to the level of those ruling in December at Wellington. In some cases they were slightly higher, and in coarser grades a shade lower. Compared with the lightning-like rapidity of last month’s sale, when practically a 100 per cent clearance Was made at prices that seemed to know no limit, to-day’s auction dragged heavily. At times, however, there were a few purple patches, when bidding was exceedingly vigorous and sales were made at a fast rate. Passings at times were fairly heavy, due to growers’ unduly high valuations, but probably about 80 per cent of the total offering of 30,500 bales were sold. Compared with the last sale in the South Island, prices showed very little difference, except for coarse and shabby sorts, which were id cheaper. A leading broker calculated that, compared with January prices in Wellington, half-breds to-day were 2Jd lower, cross-breds down lid to 3d, lambs 2d lower, Southdown 2d to 3d down, bellies, pieces and locks Id to 2d down. Bradford and the Continent were the chief operators, the latter being very active buyers of half-breds, lambs and pieces. Range of Prides. Following is the range of prices, together with that of the secon-d sale:

Merino, 60-64, 6< Super Feb. 15. d. d. -70— Jar d. 22 l. 10. d. to 232 Average Inferior 173 to — to 6-58— 19 164 191 - Extra, super 22 to 234 25 to Super 20 to 21 294 244 Average Inferior 162 to 21 14 to 164 d, 50-56— i<2 - Super 10 to 19| 18% to 151 to 181 161 to 184 Inferior Extra fine cross 111 to bred, 4 8 loi -50— 114 to 164 Super 141 to 161 18 to Average 104 to 144 14% to Inferior Fine cross-bred. 62 to 46-48— 104 11 to 144 Super 11 to 14% 153 to 19% Average 91 to 114 121 154 Inferior Medium crosfe-b €1 to ed. 44-4 9 — 91 to Super 91 to 12 12? to 154 Average 72 to 9 4 10 to 12% Inferior Coarse cross-bre 5 to d. 40-44-7 8 to 91 Super 81 to 10% 11 to 13% Average 71 to Si 91 102 Inferior . . . Low cross-bred, 6 to 36-40— V 4 8 to 94 Super 8 to 9% 94 to 113 Average ... 61 to <3 8 to 94 Inferior — to 64 7 to 72 Hoggets— 48-50 8J to 163 14 194 Fine, 46-48 . 83 to 13% 12 to IV* Med., 44-46 . 91 to 122 JO* to 13% Coarse. 40-44 10 to 12 I-ow, 36-40 . Bellies and piec 81 to es— 91 91 to 10 Merino— Good to super — to 164 16% to 21 Low to med. — to 151 102 16% Half-bred— Good to super — to 15% 14% to 194 Low to med. 7 to 14 SI to lhi Cross-bred—-Good to super R to 144 94 to 164 Low to med. 51 to 9 10% Crutch ings— Med. to good 7 to 104 74 to 9 Seedy and inf, 4% to 62 7 Locks— 11 Half-bred 71 to 94 53 to 94 Cross-bred 4f to 7 7 k Lambs— Down, 50-56 151 to 1S4 174 163 to 192 Fine, 44-50 12 to Seedy and inf. 83 to 121 122 to Hi