WELLINGTON WOOL SALE.

Manawatu Herald, Volume XLVI, Issue 2824, 16 December 1924, Page 3

WELLINGTON WOOL SALE.

ALL ROUND DROP OF 2d TO 2£d. Wellington, Last Night. The second Wellington wool sales closed to-day. Although prices dropped 2d to 2id all round in comparison with the November sale, most of the buyers admit that the prices paid last month were above the level of economic stability and that this time they were very much restricted in their limits. On the whole the tone was a healthy one and if the range of prices established yesterday is continued throughout the season they must prove eminently satisfactory to wool growers as a whole. November wool showed a rise of 3d to Gd on March prices and the fall yesterday does not represent on an average, anything like one-half of this increment. Despite the high prices, about 20 per cent, of the growers withdrew their catalogues, later endeavouring to effect sales with individual buyers. This, however, proved suinewliat difficult. Bradford again was considerably tiie best buyer, with the Continent buying here and there, and acting with caution. America was not prepared to give anything like November prices and was only seeking wool of good character. LONDON'WOOL SALES. Messrs Levin and Co. Ltd. have received the following cable from their London agents, dated the 12th December. — “The auctions closed here to-day with a good tone. Compared with opening rates we quote: Greasy Merino, best, id lower; do., average, id to .Id lower; Halfbreds, 50/56’s id lower; Crossbreds, 48/50’s Id lower; do., 46/48’s, Id lower; do., 14/40’s Id lower; do., 40/M's Id lower; do., 36/4()’s Id lower; fine slipes Ad lower; coarse do. id lower; medium (Jo. Id lower.”