OPENING WOOL SALE

Sun (Auckland), Volume III, Issue 821, 15 November 1929, Page 10

OPENING WOOL SALE

WELLINGTON’S OFFERING STEADY SALE OF CROSS BREDS Although prices at the opening wool sale of the New Zealand 1929-30 roster held in Wellington today were down on those of the close of last season, the drop was not as great as the more pessimistic in the trade had predicted. Tho quality of the wool offered was the worst seen at an opening Wellington sale lor many years, and this had a tendency to make the difference in | value even greater than it really was. All consuming centres were represented in a full bench of buyers, the ! market receiving its greatest strength from Australia and America. Bradford did not take any great weight of wool, and Germany was also quiet. France was in the picture most of the time. The small quantity of Merino wool proved very difficult to quit and quite an appreciable percentage of this class was passed in. Mr. T. B. Moodie, chairman of the : AV ellington Wool Brokers’ Association, in a review of the market, commented on the excellent attendance of buyers and the keen interest they evinced. “It , is gratifying,” he said, “to report that prices for good to medium crossbreds i are considerably in advance of brokers’ ideas of values. The bidding for crossbreds was exceedingly keen at the j start from Russia. France and Tasmania. The last-named is usually a feature in the opening sales of 'the Xew Zealand season. Bradford was not operating to any notable extent, its interests apparently being confined to medium topmaking descriptions.” Superior crossbreds, light in condition and of good colour, sold at 13£d to • !4id a lb. A few extra superfine lots j were sold at slightly higher prices, i Good style Romneys made 112 d to 13d, ; with mediums selling at lOd to lid. ; Buyers’ and brokers’ opinions as to ; the wool offered appeared to agree in that it was not robust, being very thin and with some tenderness. Kvidentlv the sheep in the. Wellington district have not come through the winter as well as they did last year. There was. too. a little more condition in the latest shorn wools than was noticeable last Range of Prices The range of prices, compared with that of the sale on March 20, was as fo 11 ow s: —■

Extra. Fine Crossbre* Xn 14 Mai •ch 20. rl d d d Super 13 1 o 1 4 IT'. to PC A verage . . . . ni i«i 1 - i i:c i . Inferior .. .. to Hi 13 to Corriedale — Average .. .. — 152 to 1T± Fine Crossbred — s uper 13 to 1 4'. !«•'* to is-« Average . . .. in to 13 13 r< • in Inferior .. . . •'i to 11 1 2 To 14 i Medium Crossbre' Super 12! to 1-2 i« to it:: Average 11 12 1 4 i Inferior .. . . •-w to 1 L 12 to 1i Coarse Crossbred — Super 1 2 to 12\ 112 to 551 Average .. .. if. to u; 1*1 to Inferior . . . . to i'i 10i to 13 Low Crossbred— Average .. .. — 125 to 132 11 h Inferior .. .. — 0 to Floggets— 48-50 1! to 1S3 1« to 1ST, Fine it-r 14 to 1 4 Medium .. .. 12 l-i 14 to 16' 125 135 Lambs— - Medium . . — 13 to. 13 Bellies and Piece (to super * to 1 l 105 to 13 Low to medium. to ” i 65 tr. r*i • *ru t things— Medium to good Inferior and Stog 10 to 15.;. seedy .. "i to H to St Crossbred *. a to 3i . a to 7i