WOOL MARKET.

Press, Volume LXVIII, Issue 20489, 7 March 1932, Page 10

WOOL MARKET.

invercargill sake. RANGE OF VALUE. ' (raess issocivrio* tilechiau ) 1 ■ ' • INVERCARGILL, March 5. ' There was a full bench of buyers at the second wool sale of the season, representing Bradford, German, French, and Japanese: interests, The wool was not bo attractive as at '.the previous sale. Continental Jbuyers were very quiet. Bradford were the principal buyers, while the Dominion mills bought anything showing quality. .. 'The catalogue included some nice lines of hogget wool, and for this competition was keen. The highest price was 10M for a line of Corriedale. Passings. were about 45 per cent., but a considerable quantity was sold pnvately« Following is the range of prices, together with that of the first sale:— March. January. d. d. d. d.

LONDON SALES. MARKET FIRMER. jNEW ZEALAND, OFFERINGS. (ckited press ksaatowtioa— tn • electjuc; TELE&RAPH—COPYRIGHT.) LONDON, March 4. • At the woo! sales 9586 bales were offered, including 3276 bales from New ! Zealand and about 4870 bales -were sold. The market is firmer under increased Home and Continental competition. Quotations:Greasies—Maratau (top Bid), average 6*d. Slipes—Eclipse (top ltd), average £>:} d. . -, . Walter Peak (top average ' lofd. Dakety arid Co,; Ltd., haye. received the following message from their London office, - dated March ,4th : Londtm ' wool sales ; „'As compared with oKwfalg rates of l^t''Series, greasy fine crosafiVeds are Id to/lid lower; medmnrTarvd coarse cVossbreds, id to Id lowci;.' • ' " ;

SYDNEY SALES. 315,000 BALES OFFERED. ; / March o. The wool sales ; ' beginning .on Monday will, extend ;to April-. 14th. There will; be .offered 315J000 bales. The season's .arrivals, to- date : ' are: 1,126,219 bales, an increase of 161,068 bales on last year. , WELLINGTON SALE RESULTS. The Wellington Woolbrokers', Associa-: tion reports that- at-the Wellington sale i of February 11th,, ,27,017.' bales ©i' W9°l| were offered and 22,358 bales were sold, with 4659 bales passed' in. The net V/eight of wool sold was 7,939,600 pounds, and gross proceeds were £109,664 18s The average price per bale was £7 lis 9d, and the average price per pound realised was. 5.128 pence. WHEAT TRADING. ,-k — : —'. CARGOES, PARCELS, AND FUTURES. (UKITEB PRESS ASSOCIATION—-B* ELECTRIC TBLEOBAPH—COPmIOnTk) (Received March 6th, 5.5 p.m.) <• LONDON, March 5. YVheat cargoes, following disappointing foreign overnight reports, were mostly from threepence to sixpence lower. The, demand is stagnant. Parcels were -not supported and showed a similar decline. Futures are quoted as, follows: Parcels —Mongolia 27s 3d, Goolistan 28s, City of Canberra 28s 9d.

( Merino — 7*. to Average 6 to 8.4 Corricdale — 103 Super 8 J to 10A fU to Average 6f to 8} Si 1o 9| 50-56's — Super to 85 to 95 Average 7* to 7 \ 7J to 8 i •48-50's — Super 5 Jt.o 6i 8 to 9 Average . . JS to 5 6i to 46-48's — Super 5 to 51 5i to W HoggetsFine 6} to ■73 7i to 8.? Locks— • Halfbrecl .... 7 to : 8i — Pieces— Crossbred 3 J to 3} ■— Halfbred 6 to n — Bellies— Good •i to ji — Crutchings— ■ i Med. to good 2 to 3 2i- to . 4