WELLINGTON WOOL SALE

Wanganui Chronicle, Volume LXXXIII, Issue 20107, 28 March 1928, Page 9

WELLINGTON WOOL SALE

AGENTS’ REPORTS. WRIGHT, STEPHENSON AND ABRAHAM & WILLIAMS. The following are additional reports on Monday’s wool sale at Wellington: Messrs Wright, Stephenson and Co. Ltd., and Abraham and Williams, Ltd., report as follows: At the closing sale of the scries we offered a catalogue of 3,408 bales, selling everything under the hammer, with the exception of three lots. There was again a keen demand from all sections of the trade, Homo and Continental buyers purchasing the larger share of the quantity catalogued.

Our display of wool was much above the average of that usually catalogued at the clearing up sale of the year, end those clients whose clips were shut out from earlier sales had no cause for complaint at the results obtained to-day. In fact for most classes of wool it was the best sale of the scries. With the exception of lambs all grades compared with the last Wellington sale wore up from Id to 2d per lb.; lambs showed little change, and were mostly secured for France. MURRAY ROBERTS AND CO. LTD. Murray Roberts and Co., report: — The wool soiling season in the Dominion came to a conclusion on Monday with the most successful sale of the series, when, a combined offering of 20.800 bales was submitted to a full bench of buyers. From the outset it was evident the buyers wore keen to secure wool, and when any lots of good to super style, were up competition was extremely animated.

Our catalogue, which consisted of 2,532 bales, contained a good many very nice lots of wool, for which wo experienced some of the most excited competition of the day. As usual in a late sale, many wools were very seedy, and this was especially noticeable in lambs, some of which were in a very badly seeded condition, but nevertheless the condition of the lots, must be regarded as very satisfactory. Values, as expected, showed generally a substantial advance on February rates, with the exception of lambs wool, which reached extreme prices in February sale, and sold round about par; but 'the outside prices of February sale were not forthcoming to-day even for super lines of lambs.

Bradford bid solidly throughout the sale, but wore often outbid by Continental buyers for line sorts and wools uf a shabby, seedy nature; while for skirtings the Continent could seldom be beaten, and the bulk of the pieces, etc. will go that way. America was keenly after any suitable wools, but some lots which would otherwise have felt the support of American buyers were spoil:, through their being unskirted.

We submitted a few lines of scoured pieces, well got up, which came under sound competition and realised good figures. Generally speaking the market may be quoted Id to 14d advance and sometimes more. We sold almost the whole of our catalogue under the hammer, only three small parcels being passed in. totalling J 4 bales. FARMERS ’CO-OP. DIST. CO. The New Zealand Farmers’ Co-op. Distributing Company Ltd., report as follows: — The last sale of the season was held in Wellington on Monday, our catalogue of some 1,900 bales being submitted to a full bench of buyers, representing all sections of the trade. The keenest of competition was met with, and as the sale proceeded it was apparent that the hunger for wool still remained, as all sections operated free-

As compared with last month the market has advanced from a penny to at times 2d per lb. for good wools, but all lots shared in the advance. Strangely enough, the only exception was in the case of good lambs’ wool, which did not sell as well as at the last scries held here, although prices still remained good. On the other hand seedy lambs showed a marked advance and bellies and pieces were in strong demand at enhanced prices. Bradford took a considerable portion of the offering, a lot of which, however, went to Continental operators. Buyers from the U.S.A, were not much in evidence, but we do not have many wools suitable for their particular trade. Practically every lot was dis posed of under the hammer, and altogether the sale was a splendid finish to what has been a fairly satisfactory season. To sum up, the market closed at the strongest point of the year.