PRICES STILL FIRM

Evening Post, Volume CXV, Issue 13, 17 January 1933, Page 10

PRICES STILL FIRM

WANGANUI WOOL SALE

JAPANESE ACTIVE

(By Telegraph,—Press Association.) WANGANUI, This Day. At the first Wanganui wool sale of the season yesterday prices, taken on an average, were decidedly firmer than those for the corresponding wools at recent sales in other centres. I Better qualities from 48's and upwards were up to Id better than at the recent sales. Medium wools were very firm to %d betted Pieces and bellies were firm, and sometimes a little better than at the recent irales. Spirited bidding within limits resulted in 94 per cent, of the offering of 25,000 bales being sold under the hammer. _ A feature of the sales was the operation of Continental buyers, who bid strongly for all wools suitable for their trade, not necessarily inferior wools. Japan was evidently bidding withiu elastic limits for good crossbred wools, whereas other buyers seemingly bought within restricted limits. It appeared that Japan had limits above their competitors. Japan bought much of the better qualities, others taking medium wools. Prices Japanese buyers paid were well above London parity. t . It was evident that wool which had been held for three or four years was ■ coming forward for sale, growers realising that prices were on a definitely lower scale. Agents consider that the selling of such wool will clear what has been a drag on the market in this district for the last two ov three years. Very few lines of super wools were offering. Some Corriedale sold exceedingly well compared with recent sales. Lambs' wool was scarce, owing to the fact that it has no,t been considered worth.shearing during the last two seasons. What did come under the hammer was in keen demand, France keeping the bidding lively. •The range of prices was as follows:— | Corriedale— d. d. Average 8% to 914 Fine Halfbred, SS, 50, SS, and 50— Average .'. 7»,i to 9%, Medium Halfbred, 50, 50, 50— Average 7 to 81/:: Extra Fine Crossbred, 48/50 — . Average (i to 7% Inferior. 4'A to 5Vi Fine Crossbred, 4G/4S— Average- 4V& to sl.i' Inferior 3 to 3?i Medium Crossbred, 44/40 — Average ; S% to 4l£ ■ . Inferior 21/- to 3Vi Coarse Crossbred, 40/44 — Average .. 2% to-3% Inferior 2 to' 2% . ' . Hoggets— . Pine, 46/48 5 to 7 Medium, 44/46 4'A to 6>4 Lambs— Down, 50/56 7'• to S . Pine, 44/50 6 to S ' Seedy and inferior, all grades 2 to 4% Bellies and Pieces— Crossbred, good to super 2M> to 4% Crossbred, low to medium 2 to 3 Crutchings— ' . Medium to good ".'.. 2% to 31, i Inferior and seedy .... 1% to 2% Locks— Crossbred 1% to —