FLEECE WOOL UP AT WANGANUI

Hawke's Bay Herald-Tribune, Issue 39, 2 March 1937, Page 8

FLEECE WOOL UP AT WANGANUI

-Preie Auociation. «

1 inm 9 Prices Likely to Remain Firm

BRADFORD D0MINANT

(By TelesrsDh-

WANGANUI, Last Night. Contraiy to expectations prices did not ease at to-day 's Wanganui wool sale, the second of the current season's series held in this centre. In fact the market not only remained firm but fleece wools showed an appreciation of as much as a half-penny on recent saies. Taken all over, however, values could be said to have eased by a halfpenny •to a penny per lb since the Wanganui auction in January. , The sale commenced at 9 a.m. and bidding has been keen. The wool was offered to a full bench of buyers. u Whereas Japan and the Continent were the dominating factors in the sale in January, Bradford assumed that position to-day and bid spiritedly for the bulk of the offering. Continental buyers were also very active and it was the measure of competition between these two regions of demand which kept the barometer bouyant. There seems to be a eonsensus of opinion among brokers that the market is likely to remain firm at to-day 's levels. France bid keenly and America axfi Japan sought suitable lines. The tendency of the market as revealed at earlier saies for a greater demand for coarser types of wool than for fine was still evident. Finer types , of Southdown wool for instance were reported to be as much as 2d down on the peak levels of January. The offering was described as of suitable topmaking quality with a few spinner's lots. Owing to the late sheanng and the type of season the wool was showing a great deal of seed but those clips which were free from seed and showing quality were in keen demand. Summarised, brokers' reports indicate that fleece wools were dearer by a halfpenny per lb. on last .week's rates, lambs' wool was firm to a shade dearer and there was keen competition for bellies, pieces and crutchings.

Market Report. — The opinion is that condition is fair; selection; averago; bidding, animated*

a d Fine half-bred, 56/58 — Super .« ... «• •• •• nil Average 17 to 18 Medium half-bred, 50/56 — Average 16- to 17 Inferior 15 to 15£ Extra fine crossbred, 48/50 — Super «• • 0 •• •• •• nil Average 15£ to 16$ Inferior ........ 14 to 15 Fine crossbred, 46/48 — Super nil Average ........ 15 to 16$ Inferior 14$ to 15 Medium crossbred, 44/46 — Average 15 to 15$ Inferior ••' 13 to 14$ Coarse crossbred, 40/44— Super .. .. .. .. 17 to 17$ Average ... .. .. .. 15$ to 16$Inferior 14 to 15 Hoggets, fine, 48/50— Super to 17$ Average 15$ to 17 Medium (46/48) ... 15 to 16 Lambs — Down, 50/56 •• .. 15 to 18 Fine, 46/50 15$ to 1S$ Seedy and inferior, all grades .... 9$ to 14 Bellies and bis. and pieces, crossbreds— • Good to super .... 12 to 14 Low to medium ..10 to 11 Crutchings — Medium to good .. 13$ to 15$ Inferior and seedy . 8$ to 11 Locks — • Crossbred 81 to 9$

Range of Prices.