WOOL MARKET

Hawke's Bay Tribune, Volume XVII, 23 November 1927, Page 3

WOOL MARKET

WANGANUI SALE KEEN COMPETITION THROUGH OUT. RANGE OF PRICES. Wanganui, Nov. 22. The initial wool sale of the season was held at Wanganui to-day with a combined offering of about 11,307 bales. Thare was a large attendance of buyers from Bradford, Germany, France, Belgium and America, besides representatives of . Australian and Dominion mills, supplemented by the local scouring firms. Competition was very keen and often animated, buying being more general than at the opening sale in Wellington, some buyers, who bought little or nothing there, being in evidence to-day. This competition was very useful in keeping the market about up to the level of the opening sale.

The offering of wool was not equal in general style or attractiveness to Wellington or Napier. Taking this into consideration, the market shows little or no change. Skirtings, on the prices realised, might seen to have eased, but there were no really good lots submitted, most pieces and bellies being wasty and skirty, and generally very seedy. The German buyers wore much more prominent in this sale, and secured a good weight of wool. Bradford was also buying in largo quantities, and French competition was felt in flecco wool and the better lots of skirtings. A few lots of lambs were offered, but not in a quantity to be a fair tost of the market:—

The rang e of prices is as follows Fino Crossbred —

d. d. Super .. 17 to 19J Average w .. 15 to A / Inferior .. 13 to Hi Medium Crossbred— Super , 16 to 17 Average .. 14 to 16 Inferior .. 12 to IBi Coarse Crossbred — Super .. 13$ to 15j Average .. 11J to 13$ Inferior .. 10 to 12 Low Crossbred— Super .. 13 to 13J Average .. .. iii to 13 Inferior .. 10 to 12 Hoggets— 48-50 to 19J

Fine 15 to 18j Course 14 J to llij Low 12 to 134 Lambs —None. Bellies and Pieces— Crossbred good to super 13 to 151 Low to medium 8 to 124 Crutehiugs— Medium to good .. 9 to lOj Inferior to seedy .... 6 to 8i Locks— Crossbred • 5 to 6