CROSSBREDS FIRMER

Wanganui Chronicle, Volume 79, Issue 68, 22 March 1935, Page 8

CROSSBREDS FIRMER

WOOL AT WELLINGTON SOME F»EEN COMPETITION I Per PRms Association | WELLINGTON, March 21. Contrary to expectations, prices held fairly well at the fourth wool sale of the season at Wellington to-day. In some lines of crossbreds prices were even a shade better than at the February sale. The total offering catalogue was some 22,000 bales, mainly average topmaking wools, with a small quantity of hatreds and a few lots of Merino and better-class crossbreds. Lambs’ wool was not up to the level of the previous sales, and prices suffered accordingly. There was a full bench of buyers representative of all sections of the trade. Bidding throughout the auction was vigorous and keen, and at times excited. Bradford buyers worked hard and bought largely, though, operators on Canadian account keenly competed for the better-class Romneys. Continental buyers forced the pace on all lots suitable to their requirements. France and Belgium were strong buyers of all grades, particularly fine wools, lambs, bellies and pieces, and scouring lots. Japanese orders were meagre. Dominion mills operated keenly for halfbreds and lambs’ wool. Compared with the February sale, average to inferior Merinos sold were from a farthing to a penny lower, fine halfbreds were a halfpenny to threeTarthings down, and medium halfbreds par to fa hal-penny lower. Extra fine crossbreds were a farthing to a halfpenny lower, but fine and medium crossbreds sold at par to a farthing advance. Coarse and low crossbreds showed practically no change. Prices for lambs’ wool'were very irregular, and up to a penny lower. Bellies and pieces were from par to a farthing lower, and locks declined a halfpennv. Crutchings sold very well, top price being sixpence for an interlotted line. Top price of the sale was 12£d for the binned line of “Pipitea” super Southdown. Many lines of super crossbreds made 8d to Bkl. Good hoggets were firm, top price being 9d. Taking into account the. general quality of the wool offered and the present state of the market, the sale was a very good one. Growers were, more inclined to meet the market, with the result that a substantial clearance -was made. Range of Prices. The official range of prices at todav’s wool sale was as follows:

Agents’ Reports. Messrs. Levin' and Co., Ltd., report: The fourth sale of the 1934-35 season was held to-day. The total offering was 22,119 bales, our catalogue representing 5401 bales. The wool was comprised largely of crossbreds of topmaking character, with a quantity of halfbreds and a small lot or two of Merino. The binned wool under the “Kaiwarra” brand totalled 1250 bales and provided most of the super lines of crossbreds, and. these met with exceptionally keen competition, many of the main lots realising Bd, B}d and 84d. The current sales in London have been very disappointing and it was generally expected that prices would decline here to-day, but this fortunately did not occur and the general run of crossbred prices was fully equal to February rates, and in some grades there was a distinct advance. Bidding was very vigorous and keen. Bradford buyers were working hard, and the Continent was bidding freely. France and Belgium were strong buyers of all grades, particularly fine wools, bellies, pieces, lambs and scouring lots. Dominion mills were operating for halfbreds and

The following arr* the changes as against lhA February sale: —Merinos and halfbreds, Id down; extra fine crossbreds, 48/50’s, par; fine and medium crossbreds, 44/48’s, 4d advance; coarse crossbreds, 4/44’s, fd advance; low crosbreds, 36/40’s, par; hoggets, par; lambs, Id down; crossbred bellies and pieces, par to id down; crutchings, par; locks, 4d down. We sold 90 per cent of our catalogue.

The New Zealand Loan and Mercantile Agency Co., Ltd., report: The •fourth sale of the current season -was held to-day, the total catalogue being approximately 20,000 bales. Our quota 'was 2416 bales. There was . a full ■bench of buyers representing the 'United Kingdom, Australia. France, Germany, Japan, (Dominion Mills, local fellmongcrs and scourers, as well as 'speculators. Competition right from the outset to the dose was exceptionally keen. Prices compared with the 'southern sales were slightly dearer, but compared with the last sale in this centre much on a par. The offering contained a few lots o fsuper wool, ’•the bulk being good to inferior toptaaking sorts. Lambs’ wool was not quite up to the previous sale in quality, being mostly slightly to heavy seedy, and prices were much on a par with last sale. Bradford representatives were very keen, securing the major portion of the offering, with Japan and the Continent picking up suitable lots. The Continent were the strongest competitors for pieces, at prices slightly firmer than ]ate rates. With the drop in the London market reported at the opening of the series, it was anticipated that prices here might ease, tut we are pleased to report that instead of easing, the market right through was a shade firmer than southern rates. SYDNEY SALES BETTER WOOLS DEARER Received March 21, 9.10 p.m. SYDNEY, March 21. At the wool sales 12,047 bales were offered and 11,392 were sold, also 1047 privately. Continental operators gave increased support and values for all better-class wools were from par to five per cent, higher than yesterday. Greasy Merino made 17d.

February. d. d. Merino, 64/70, 60/64 — Super .. . • 12i to 14} March. d. d. Average . . Inferior . . 8f to J04 to to 94 8 to 9 Fino Halfbred, 56/58Super .. .. JI to 12f 10 to J 24 Average .. 9} to 104 8 to 9f Inferior .. 71 to 9 to 7’1 Halfbred, Medium, 50/56— Super .. .. I0£ to J Of .10 to 104 Average .. 7f to 10 7f to 93 Inferior .. 5£. to 7i 5f to 7-1 Extra Fine Crossbred 48/50— Super .. . • 81 to 9 1 X 1 0 84 Average . . 6f to 8 64 to 71 Inferior .. 4| to 6| 44 to 64 Fine Crossbred. 46/48 — Super .... 7 to 8f to 84 Average .. 5f i O 6f 5f 11 > 6 J Inferior . . 4 to 4 to Crossbred. Medium. 44/46 — Super .... 6 to 7 i 6 * to ' 4 Average .. 5 1.0 to 6 Inferror .. 3$ to 4f 1 to 43 Crossbred, Course, 40/ '44 Super .. .. 51 to 7 5f to Average . . 44 to 5| 44 to 51 Inferior .. 34 to 4 21 to 44 Crossbred, Low, 36/40 Super .... to 5 to 54 Average .. 44 to 0 4 to 43 Hoggets— 48/50 .. .. 6fto 10 5 J to 9 46/48, Pine 6-J to 91 54 to 8 44/60, Med. 5 to 74 4i to 74 40/44, Coarse .. 4| to 5 to 64 36/40, Low 4| to at — Lambs— Down, 5056 7 1 JOj 64 Io Hi 44/50, Fine 7 to 9f 54 to 9 40/55, Med. 5| to *7 3 4 to 63 Seedy & inf. 2 to 61 -1 to 54 Bellies and Pieces — Merino, good to super ... 6 to 1<I| — Merino, good to medium . 5f to 81 5J to 64 H a 1 f b r e d good to super ... 6 to 85 — to H a 1 f b r e d low to medium ... 4 to 7f S to 51 Crossbred good to super ... 4 to 6j 3i to 6 Crossbred Low to medium . . 2i to 44 24 to 4 Crutcbings— Medium to good .. 4| to 6 4i to 61 Seedy &inf. If to 4 2 to 4 Locks — Merino .. 5| — Half bred . to 44 34 Crossbred . 2 to 24 to 34