WOOL SALE

Rotorua Morning Post, Volume 3, Issue 613, 18 August 1933, Page 5

WOOL SALE

(Press Assn. —

prices improve WINTER OFFERINGS MEET . I WITH KEEN , DEMAND ; JAPAN BUYING

By Telegraph — Copyright. .

Wellington, Thursday. In view of the recent rise in wool prices, mueh interest attaclied to the winter sale of crutchings, pieces and oddments held to-day by the Wellington Woolbrokers' Association, this being the first sale since the close of the roster saies last April. Seven catalogues were offered and comprised over 4000 bales, the bulk of which was crutchings and pieces. There were about 800 bales of fleece wool offered. A fairly represenative bench of buyers was present and competition was free and at times, very keen. All good lines met with spirited bidding, Continental buyers and Australian and local mills taking the majority of the crutchings for which there was an excellent demand. It is understood that there wer-e several good buying orders from Japan while local seourers and fellmongers showed no hesitation in fillr ing their requirements. Passings were eomparatively few and 90 per cent of the toal offering was quitted at auction. The sale reflected the recent marked improvement in the market. Crutchings sold generally at ld to 2d per lb higher than in April while fleece wools which were passed then at 3id to 3!d sold to-day at up to 5§d and in some cases even a shade better than that. Super cross-bred crutchings sold up to 6^d3 medium to good up to 5£d, seedy and inferior lots, to 4d. Pieces and bellies (crossbred) made 3!d to 5d. There was keen competiton for the small lines of fine wools, and two small lots of Southdown brought 12Jd to 12 1 d. Fine crossbreds sold freely at 65d and lambs wool also sold well making 9d to 121d.