WELLINGTON WOOL SALE

Wanganui Chronicle, Volume LXXXIII, Issue 20106, 27 March 1928, Page 9

WELLINGTON WOOL SALE

AGENTS’ REPORTS Agents’ reports on yesterday’s wool sal? at Wellington are as follows, the range of prices being given on Page seven:— LOAN AND MERCANTILE COY. The New Zealand Loan and Mercan tile Co. (Wellington) report: The fifth and final wool sale of the season was held yesterday, when the combined brokers offered some 20,000 bales, of which our catalogue comprised about 2450 bales. There was a large attendance of buyers, representing all the consuming countries, and the catalogues included a number of excellent lots of bright, well-grown wools and also a number of late shorn clips carrying a somewhat heavy percentage of condition and seed. It was anticipated that the sale would be a record one for the season, so far as prices were concerned; this was fully borne out, and the prices offered exceeded those for similar wools at previous sales. We estimate, as compared with Last sale, that fleece wool is from 4d to Id per lb higher, Merino about on a par, and lambs’ wool and skirtings, if anything, in the sellers’ fa . our. Our classed and binned wools were very keenly sought after and excellent prices were received. DALGETY AND COY. Dalgety and Co. report: At the final wool sale 20,800 bales were offered and practically all wore sold. Although competition was not animated, prices were on a par with those ruling at late sales. For a late offering, quality and condition were satisfactory, many good, lustrous light-conditioned crossbreds being catalogued. Continental competition was the most pronouncel, although Bradford took a fair weight of the offering. France was well in the market for lambs’ wool and best pieces, prices for these wools being very firm. Growers must be well satisfied with the prices realised at the final sale, and it is to be hoped that the market will remain stabilised at present rates. W?, offered 4500 bales and sold practically under the hammerLEVIN AND CO. Levin and Co. report: The fifth sale of the season was held yesterday, when the total offering was 20,880 hales. Our catalogue represented 5445 bales. There was a good attendance of buyers, epresentative of all sections of the trade, and our catalogue contained some parcels of Merino, a fair quantity of half breds. some good crossbred and a large proportion of top-making crossbreds—altogether a representative catalogue. We also offered a considerable quantity of interlotted bales, some of the parcels running to 3 00, 125 and 150 bales ner lot. We cleared everything except 32 hales of lambs, more or less seedy. Bradford and the Continent predominated, and America was a buyer for the few parcels suitable. France and Germany were very keen for pieces, necks and bellies, local scourers making the pace very strong, as they were endeavouring to lay in stocks for winter scouring. The Merino offering was not equal in condition to that at previous sales, and was scarcely attractive enough for the local mills. Bradford and the Continent kept the market .veil up to the previous level. Halfbreds went to Bradford and the Continent under the strongest competition. It was on crossbreds of all descriptions that the market showed strongest advance and provided the best prices of the season. Lambs’ wool was keenly hid for, but did not hold its own with previous sales. The following is a comparison with February: Merinos par, halfbreds 3d to IJd advance. Southdown par, fine cross- ' breds (46/48’s) super lid to 2|d ad vance, aver- ge Id to advance, medium crossbred (44/46’s) super 3Ad to ' 24d advance, average Id to l|d advance, coarse crossbreds (40/44’s) sui per 3hl to 2d advance, average Id to | ljd advance, low crossbreds (36/40’s) i super and average 3d to lid advance, > uambs’ wool good to super 3d down. ' seedy and inferior, par and better, bel- , lies, pieces and locks Id tn 3Ad ad- • vance. erutchings 3|d to 2d advance-