Wool Firm at Wanganui

Manawatu Times, Volume 62, Issue 18, 22 January 1937, Page 7

Wool Firm at Wanganui

Advance in Medium and Coarse SLIGHT EASING IN FINER SORTS Per Press ABsdCTLtldlh. ** WANGANUI, Last Night. \\ ith wool at double the value received last January growers could not be other than delighted at the prices received at the first Wanganui sale to-day. The average price was £2s 10s per bale which means that as a result of the auction over three-quarters of a million sterling will be paid out shortly. The catalogue of 30,357 bales was offered and chiefly comprised wool from tho Wanganui and Taranaki districts and the result was practically, a total clearance. There was a full and representative bench of buyers and although the Japanese as at Napier were not in the market to any extent Bradford, the Continent and America were keen and active buyers. In the absence of strong Japanese competition fine wools showed a casing on recent sales but medium and coarse sorts sold at extreme prices in comparison and these may bo quoted fully firm on Napier and in some cases a halfpenny higher. Actually the absence of Japanese competition had no material effect on the sale as finer wools were only a small percentage of the offering. Borne brokers who expected a tendency for values to ease off to-day were agreeably surprised to find the ruling rates fully maintained in the principal sections, and it is considered that wool prices have now been established for the remainder of tho season, {support for this contention is provided by the fact that more than half the Dominion'/ clip has now been sola. Official Range of Prices. Jan., 1937. Jan., 1936, d. d. d. d.

DALGETY AND CO., LTD. (Special to “Times”). WANGANUI, Last Night. Dalgety and Co., Ltd., report: At the first wool sale of the season held at Wanganui to-day there was an offering of 30,000 bales. Compared with recent sales at Wellington and Napier prices may be quoted firm with the exception of fine quality wools which were par to 5 per cent, lower. America were the largest buyers with Bradford and the Continent competing freely. Japan was not operating. Wo sold 100 per cent, under the hammer, our top price for halfbred being 20d. Lincoln made up to lSfd and lambs’ wool to ISJd. Strong and medium quality crossbreds sold particularly well. N.Z. FARMERS’ CO-OP. DISTRIBUTING CO., LTD. (Special to “Times.”) The N.Z. Farmers’ Co-op. Distributing Co., Ltd., report: The first wool sale of tho 1936-37 season was held in the Opera House to-day when a catalogue of 30,000 bales was submitted to a full bench of buyers, representing practically all the wool consuming countries of the world. To the above quantity we contributed approximately 3700 bales and had 100 per cent, clearance. The wools opened up in good order, being much brighter and lighter in condition and the display was one of the most attractive seen in Wanganui for some years. A noticeable feature of the sale was the absence of Japanese competition. consequently what fine wools were offered showed a declino as compared witheearlier sales held in other centres. Bradford, Germany, France and the United {States were the mainstays of the market and lifted practically all wools from 48’s quality and under, at prices on a par with the other North Island selling centres. Tho following is the range of prices from our catalogue as compared with tho corresponding January sale la.-t year:— Jan., 1837. Jam, 1936< d d d d Fine halfbred — 56/58 .... 20 to 21| 13 to 14 Medium halfbred—--50/56 .... 19i to 20§ 10§ to 12J Extra lino crossbred—--48/50 .... lGf to 18{ 9 to 104 Fine crossbred—--46/48 16 to 17i 81 to 9* (Continued on page 8.)

Fine Halfbred, 56/58 — Hxtra super — to 171 Super .... 20 to 22 15 to 16 Average ..19 to 19i 13 to 14 Medium Halfbred, 50/56— Average ..10 to 21 104 to 124 Inferior .. 164 to 17 94 to 10 Extra Fine Crossbred, 48/30 Super .... 18 to 18j 11 to lli Average .. 16i to 174 a to lo* Inferior ..15 to 16 74 to *i Fine Crossbred, 46/48Super .... 164 to 17 9i to 10i Average ..16 to 161 84 to 91 Interior ..15 to 151 Medium Crossbred, 44/46 —■ 74 to 71 Average ..16 to 161 74 to 61 Inferior ..15 to 16 6J to 71 Coarse Crossbred, 40/44— Average .. 161 to 17* 74 to ST Inferior .. 15 to Hoggets— 16i 6 to 7 Fine, 48/50 . 174 to 18 9 fo 11 Med., 46/48 164 to 174 84 to 104 Lambs— Down, 50/56 tc 194 Oj to 111 Fine, 46/50 . 174 to 194 8 to 12 Seedy & inf. * all grades 12 to 15 5 - to 71 Bellies and Pieces— Crossbred: Good to sup. 14 to 16 6 to 7i Low to med. 104 to Cru tellings— 15 5 tb 5i Med. to good 154 to 16* 64 to 71 Inf. & seedy 11 to Locks— 13 5 to 51 Crossbred .. 04 to 104 44 to 5