WOOL MARKET

Wairarapa Daily Times, 16 January 1932, Page 5

WOOL MARKET

LONDON SALES, • ;> Gy.) HARDENING TENDENCY; LONDON, Thursday/ " tV At the wool sales, 5640 bales were offered, including 1536 from New' South Wales, 1477 from Queensland, 1531 from Victoria, 857 from West Australia, and 3114 from New Zealand. Approximately 6560 bales were sold. Yorkshire and Continental competition was well sustained, and prices were fully maintained. Greasy combings: Queensland, Marmadilla, 104 d, 10Jd; New South Wales, Bangate, lOjd, lOid; West Australian, Tibraaden, lid, 10-]d. Scoureds: Queensland, Maxwelton 22d, 21M; New South Wales, Bangate, 20d, lSd; Victorian, Brooklyn, 174 d; New Zealand, Flockhill, lod, 14jd; slipe halfbred lamb, Hid, 9Jd.

Dalgety and Company have received the following report, dated London, January 14 from their head office:— London wool sales continue active, with wider competition and hardening tendency. BRADFORD TOPS. MARKET FIRMER.

LONDON, Thursday.

In the Bradford tops market a fair amount of business is being done. There is. a hardening tendency for finer qualities.

To-day’s quotations compare as follow with those previously cabled: — Dec. 17. Dec. 31. Jan. 7. Jan. 14.

WOOL PROSPECTS. (Received ‘Saturday, 8.53 a.m.) LONDON, Friday. Lord Barnby, describing impressions received in America, said the wool textile industry there was again showing power to emerge from the realm of panic. It is significant also that British textiles are showing a recovery greater than any other large exporting industry. There is a surprising decrease in unemployment in "West Riding since the departure from the gold standard. WANGANUI SALE. OFFICIAL RANGE OF PRICES. WANGANUI, Friday. There was fairly keen competition for the better class of wools at today’s Wanganui wool sale, the first of the current season for this district. Prices for this type in consequence remained firm on late sales at Napier and Wellington. In an offering of 20,000 bales, however, there was a great deal of seedy and inferior wool, for which there was little demand. A full bench of buyers operated and the bidding, though it was erratic and hard to follow for comparative purposes, was fairly well spread. Japan was in the market for the better class of wools and the Continent also took a fair quantity at the top range of prices. The offering was more suitable to Bradford and the Continent than to other countries and a. satisfactory feature of the sale was that while there was a very small percentage of good super wools, there was sufficient competition shown to keep the average range of prices on a level with those established in both Wellington and Napier. In some eases, super wools were sold in sellers’ favour. Lambs’ wool w.as not in demand, and pieces showed a decline to a price level more in keeping with their relationship to fleece wool.

The official range of prices was as follows: —

Half bred, 56/58. —Super, none; average, 84d to 94d.

Half bred, 50/56. —Average, 74d to SJd.

Extra Fine Crossbred, 4S/50. —Super, Sd; average, 7d to 74d. Fine Crossbred, 46/48. —Super, none; average, aid to 64d; inferior, 4d to od. Medium Crossbred, 44/46. —Super, none; average, 44d to 54d; inferior, 34d to 4d. Crossbred, 40/44. —Super, none; average, 3?d to 4kl; inferior, 3d to 4d. Hoggets.—4B/50, 7d to Sd; inferior, 2d to sd.

Ilalfbred Pieces, 6Jd. Crossbred Pieces, 3d to 41d.

Bellies, 24d to 34d. Locks, Id to 2d. Crutchings, 2d to 4d.— (P.A.)

Per lb. Per lb. Per lb. Per lb. (1. (1. cl. a. 70’s , 20 26 ,26 . 2G (54’s 24 231 261 24 (30 ’S 23 221 221 221 56’s 10 isi 19 171 50 ’s 15-1 131 131 12J 4(5’s 11 11 111 101 40’s 101 101 101 9J