Wool Prices Remain Steady At Wellington

Chronicle (Levin), 7 February 1949, Page 5

Wool Prices Remain Steady At Wellington

WELLINGTON, Feb. 7. Though the sale was inclined to be a little irreguiar for fleece wool, prices at the second day of the Wellington wool sale today remained fairly steady at. the levels established on Saturday. In the later scages the market showed a tendency to 'drag ahd values for piece wools appeared to be a shade weaker,Today's catalogues totalled some 20,000 bales, mostly average crosx>bred wools ,with a sprinkling of finer crossbreds, and some well grown lambs and hogget wool. Buying , was again very well spread, with Bradford and Continental mills dominating the market. They were supporied by local mills, who-were ohiefly intereated in the finef lots of quality wool and, to a limited extent, by North American operators. In the cour.se . of the morning line after Hue of' ordinary crossbred wool sold under the hammer at 22d or 23d. Much of it was fairly well conditioned. Finer counts went to 27'd and 28d, but this was the exception rather than the ru'e. Other grades of lambs and hogget wools topped 30d, For a typical crossbred clip of ,better grade prices ranged from ' 25£d to 29^d, the latter price being paid for third classing. Necfcf and pieces from this line made 29-£-d. [ Tne following prices were indicajtive of the range for a representajtive station clip; Ewe wool, 28id, 1 23-gd, 25fd; lambs' wool, 30id, 25|d; mecks, 24£d; pieces, 20Ad; bellies, '17id. | For odd lines of fine wool there iwas a keen demand. Up to 40id jwas paid for first class half-bred i pieces and bellies out of the same i clip brought 35d. 1 The top price this morning was 53 |d for a small classing of skirted •Merino in the reclassed section. Another lot made 53^-d and a line of Southdown changed hands at 53d, which equalled Saturday's top price. These. h'o'wever, were iso•lated cases of fancy prices