THE WOOL MARKET.

Taranaki Daily News, 6 April 1922, Page 5

THE WOOL MARKET.

THE B.A.W.R.A.’S STOCKS. > ■ DETAILS ANNOUNCED. ’ - > By *?telegraph.—Press Assn .—Copyright. Received April 5, 5.5 p.m. London, April 4. In the House of Commons, Lieut.Commander ®. Hilton Young (Financial Secretary to the Treasury) stated that the wool held on Government account by the B.A.W.R.A. was approximately 1000 bales, made up as follows: Australian 490; New Zealand 554; South African 56. This excluded the Australian owned wool under the control of the association. Sales were continually occurring through the usual channels. It was impossible to state precisely when the whole would be disposed of, but it was anticipated that it would take at least two years.—Reuter Service. WELLINGTON. SALES. GOOD PRICES FOR WOOL. By Telegraph.—Press Association. Wellington, Last Night. The fifth wool sale, nominally the last of the 1921-22 season, was held today, and was considered to be the most satisfactory that has taken place since the commandeer. The results surpassed expectations. The total offering was 15,000 bales, some 4000 less than was put up at last sale on Marc-h 10, but in view of the late stage of the season, it proved most satisfactory. There was a full bench of biiyers from Bradford, Yorkshire, Belgium, France, Germany, America, Japan and the Dominion mills, whilst local buyers were represented. The competition throughout was strong, keen and vigorous. The selection of wool was very good for this time of the year. It was particularly noticeable that very little seedy wool was catalogued, an unusual condition at such a late stage of the season. Crossbred wools predominated, and all that was offered, with the exception of only four lots, was readily disposed of at about the beat ruling price for American wools.

During the series of sales some uncertainty had been felt as to how America would compete in the melting pot. It was felt American buyers might hold off, but this was not the case. Anything that suited America was bought readily. The bidding of the Bradford, Continental, Belgium and German brokers was eager in respect to the majority of the crossbreds, for which high prices were again realised. Brokers advise a fairly -general advance of id, while for passed-in lots from previous sales a considerably higher rise was recorded. Lambs’ wool was eagerly competed for. not only by France, but by the Dominion mills. The highest prices of* the series were obtained, as much as lid and UJd being paid for some good lots of romney and down lambs’ wool. The prices realised for pieces, bellies, locks and crutchings were all equal to those recorded last month, if not a little better.