THE WOOL CLIP.

Waikato Times, Volume 114, Issue 19123, 7 December 1933, Page 8

THE WOOL CLIP.

THE WELLINGTON SALE. COMPETITION VERY KEEN. PRICES WELL MAINTAINED. (By Telegraph. —Press Association.) WELLINGTON, Thursday. The Wellington wool sale commenced at nine o’clock, 30,000 bales offering. There were practically no withdrawals, but there were a few passings in the earlier catalogues. Competition was exceedingly keen from all quarters excepting the United States, and values-were fully equal to those at Napier and possibly a little better, but badly-classed rough wools commanded only moderate attention. Typical prices early in the sale were:—Southdown, 12d to 20d; Romney, 93d to Hid; halfbred, 12d to 17d; flue crossbred, 10£d to 123 d; fine crossbred hoggets to 13d; Lincolns, 6d to 7d; lambs, 7d to 12d. Grutchings, pieces and bellies were in good demand for fine soils, at about 5d to 7 id; and for merinos and very fine quality pieces at 12d to tad. Feverish Competition. Later the sale continued with feverish competition, the opening prices being fully sustained, and it was -authoritatively estimated that they were 100 per cent better than at the last December sale. •Considering the eager state of the market there is a fair amount of passing. Demand for Better Class. At the luncheon adjournment the considered wool-broking opinion was that prices were quite up to, if not above, the Auckland opening sale, and certainly above the Napier prices on all better-class wools opened, but exception must be made of rougher and coarser wools, especially seedy lines. These, however, commanded quite good prices considering their condition. It was noticed that passings were rather less frequent as the sale proceeded. Agreeably Surprised. Mr Bertram Parkinson, head of the Bradford firm bearing his name, was an interested onlooker. His firm is among the largest buyers of New Zealand wools, hut Mr Parkinson himself is on his first visit to the Dominion. He expressed himself as agreeably surprised at the great improvement in the quality of wool offered to-day, and spoke from first-hand knowledge, having visited the local wool stores and seen for himself the wool opened up for the buyers’ inspection and valuation. He was of opinion that the improvement was to be attributed to the favourable climatic conditions this season.

LONDON SALES CLOSE STEADY. RANGE OF PRICES. United Press Assn,— Elec. Tel. Copyright. (Received Dec. 7, 2.30 p.m.) LONDON, Dec. 6. At the wool sales 7101 bales were offered, including 3394 of New Zealand. About GOO bales were sold. The sales closed steady at late rates. Compared with October closing rates, Merino, greasy superior, was barely 15 per cent, dearer; medium, 12A per cent..; inferior, 7A to 10 per cent.; scoureds, all round, 15 to 20 per cent.; crossbreds, fine barely 20 per cent.; fine medium, 20 per cent.; medium, 10 to 15 per cent.; coarse, 15 per cent.; slipes, 10 to 15 per cent, dearer. The total catalogued was 113,630 bales. Of this there were sold to Home buyers 50,200 bales, to Continental buyers, 58,100 bales, 21,000 bales being held over The total sold was 56,000 bales and of New Zealand, -16,500 bales. New Zealand clips, greasy crossbred, “WFJ/K," 12Jd; slipe, halfbred lamb, “wfm/TBS,” top price, 18d, average 13 3-Bd.