WOOL MARKET

Hawke's Bay Tribune, Volume XVII, Issue 57, 18 February 1927, Page 5

WOOL MARKET

KEEN DEMAND IN WELLINGTON. PRICES SATISFACTORY. Wellington. Feb. 17. A keen demand for all classes of wool, particularly for lambs' wool and prices, was the dominating feature of the fourth wool sale, which commenced this evening. Wool was sold at satisfactory prices all round. There was an exceptionally keen demand for lambs’ wool and the prices realised showed an improvement. There was also active competition for pieces, particularly on the part of Continental buyers. Good prices were also obtained for other oddments. The ordinary crossbred fleece wool showed no change on the January sale, but as the wool was heavier in condition the prices realised must be regarded as exceptionally good. Some of the wool offering at this sale is seedy, but this is not unusual at this time cf the year. The briskness of the bidding may be judged from the fact that the first catalogue of 690 lots was put through in less than an hour and a half and that the prices were satisfactory was shown by the very small passings. The sale will tie resumed at 9 o’clock to-morrow morning, and if the bidding is ns keen and as satisfactor as it was this evening, brokers will ha-ve pleasant news to communicate to the growers.

RISE OF FROM id to id. RANGE OF PRICES, Wellington, Feb. 18. The wool sales closed at noon. The general opinion is there is a rise of from id to Ad on 44’s and 48’s, id to lid on lambs’, id to id on bellies and pieces, par to a slight advance on superfine wools.

Following is the range of prices Merino— d d Average 17 to 215 Inferior Fine Halfbred 15 to 164 Super . 18}to 194 Average 154 to 184 Inferior Medium Halfbred— U* to 16 Super 17 to 18] Average 15 l to 18 Inferior Coarse Halfbred— 13 to 15} Super 15} to 17 Average 14 to 16A Inferior Corriedale— Hi to 14 Super 184 to 194 Average Fine Crossbred— 16 to 18 Super , 14 to 15} 14} Average 12* to Inferior Medium Crossbred— 10i to 12} Super 134 to 15 Average 11? to 131 Inferior Coarse Crossbred— 10 to Hi Super 12 to 13} Average 11 to 12} Inferior 8 Wi Low Crossbred— Super Hi to 12 Average lot to 11J Inferior 74 to S’i Hoggets— b ine Medium Coarse 124 111 11 to to 15} 145 13 Low 10 iH Lambs— Down .... Fine 134 to 17} Medium .. 12 to 13 Seedy and inferior ... Bellies and Pieces— 6i to 13} Merino good to super . 14 to 16 Low to medium .... 9 to 135 Ha If bred good to super 134 to 15} Low to medium Crossbred— 104 to 13} Good to super ... . 9 to 14} Low to medium Crutch ings— 61 to 91 Medium to good 8 to 10J Inferior and seedy ... Locks— 51 to 8 Merino .. 94 to 101 Halfbred 71 to Q.s Crossbred 5 to 6}