CRUTCHINGS SALE

Wanganui Chronicle, Volume 74, Issue 143, 19 June 1931, Page 9

CRUTCHINGS SALE

THE WELLINGTON OFFERING Messi - Dalgely ami (Oinpauy, Limit ml, Wellington, report: ’I he. first wintei sale of the season was held on June I.’ ! when a small offering ;>f 2,100 bales was I submit ted. our quoi.t being 450. A; I recent r.‘ports from Bradford ha\< ‘>hown that: the Texlili' trade is disorganised and the (op market stagnant • with further rtports from Adelaide am Sydney, where recently sales have beet I held, reporting that rates have Intel} j depreciated from 5 per cent to .15 pct ''•ent made it evident that prices which were likely to rule, ar. the Juuc sale j would be on a verv low basis, A fair bench of buyers was in attend lance. arid competition for crutching>lean be quoted fairly sound, although, unfortunately Japanese buying did not predominate. The majority of the (super Giutchings were secured for Cani.ida. local mills ami Australia also taking a fair quantity of the better sorts. | The medium and inferior grades were j mainly purchased by local scourers. * Bradford securing a few parcels of the medium qualities. French competition, I "o doubt owing to the textile strike in I Roubaix, was practically out of the i market, and their competition was sad- ' ly missed for lollies and pieces. At the June sale last year, Franco I was well in the market for both fleece wool and good pieces. There was a small quantity of fleece wool offered, i he general quality and condition being inferior. Owing to the poor quality and limited offering it is impossible to quote a. reliable range for this class of wool. The prospects for the textile trade are at the moment not reassuring, but it is unthinkable that prices can come much lower, as present rates are almost on a par with those ruling during the slump period 1921/22. Extra super lines of crutchings brought up to s|d, good free lines selling from 4}d to sd. Medium sorts free from seed 3Jd to 4d, with seedy and inferior parcels bringing from 2d to 3Jd. The best price bid in our catalogue was for four bales “Clunyhills’ l sd, '‘Tikitapu” 4Jd, “Maunga/Raki” 4d, U E. and E. 5 .,? 44d. ‘‘Cliftongrove” 4d. “FD/Wairewa” 4Jd. “Tutrumuri” 4Ad, “Benmore 0 4sd, “P. and C/Matipo” R/H n 44d. The few lots of fleece wools we disposed of brought as under:—‘‘ll.M.G. ” 4 bales fine crossli red 5Jd, °E R/R n 4 bales fine crossbred 52d, f< W T/K M 4 bales LincoUi Id, << RMD/36’ , 13 bales medium crossbred 4Jd, “MJM/M” 7 bales medium crossbred 4hl.