WOOL MARKET

Hokitika Guardian, 5 April 1933, Page 7

WOOL MARKET

WELLINGTON SALE

ADVANCED MARCH RATES

WELINGTON, April i Though tlie offering was a comparatively small one, • tlife final' wool sale at Wellington provided a happy ending to the 1932-33 . seling season with a general advance of Jd to £d on March sale prices. Not for a 1 long time has Wellington known such keenness at a wool sale as was seen to-day. From first to last, there was considable s]>irit in the auction, and bidding was particularly vigorous and well spread. For an end of season sale the offering was a fairly good one, although the catalogue of 14,400 bales was below that bf last year’s April sale. Naturally the general quality of the offering was not up to the standard of earlier sales, a fact that makes the firming all the more marked. There was a full bench cf buyers representing all branches of the trade. Continental buyers were predominant, but Bradford was operating freely and there was a fair order from Japan. A very good clearance was made, brokers estimating that from 85 to 95 per cent of the offerings were sold, It was noticeable that passings were comparatively few,

The catalogues comprised mainly average to inferior crossbred wools which were Jd to id better than the March sale, In some cases the advance was id to "d. The few super crossbreds offered advanced Id. Good lambs’ avool avus id to jfd better, Halfbreds were scarce nnd sold generally at the best prices of the year for Wellington. ■ A special feature of the i sale was the keen demand for hogget wool of good quality, for which good prices Were realised, The highest prices qf the sale were Kid and 10*'* for Southdown, many lines of which made 8d to 91. Fine crosbreds made up 64c1. Hogget avool sold freely at up to 7id and 73(1, and not a* few lii'iys of laiphs' wool touched Bld,

file view Avas expressed by seA’oral brokers that the sale avus a splendid finish to a very trying season, and that Avhen the final figures for the season are available it Avill be found that the heaA'y carry-over of wool , 0 n the market for the last two years has been considerably reduced.