WELLINGTON WOOL SALES.

Wairarapa Age, Volume XXXI, Issue 3044, 14 November 1908, Page 5

WELLINGTON WOOL SALES.

A PHENOMENAL SALE.

A GREAT SURPRISE

SUBSTANTIAL RISE IN PRICES,

By Teiegi^p'^ Association.

WELLINGTON'" - oV€m ? er l J?n „ The first wool sale of the season took place at the Town Hall to-day. The result was the greatest surprise in the history of the local auctions.

It was expected that a small rise might be chronicled, but Messrs Hill and Milnes, representing Bradford firms, set the pace, and prices soared above brokers' estimates to an advance of f d a pound on the closing rates of the last London sale, and then practically every bale was cleared.

It was a phenomenal sale in every way. The Americans did not bid, considering the prices too high above their limits, but then there was little wool in the condition and get up suitable for their purposes.

The values realised are all the more satisfactory when it is considered that the wool was not of such good quality as that offering at the opening sale of last season, and was heavier in condition to the extent of 2 to 3 per cent. The bulk of the wool was purchased for Bradford houses.

Th§ catalogue was hot so heavy as that of last November, due principally to growers holding back to watch the trend of the market, and in a minor degree to the wet weather interfering with shearing in some districts. The catalogue comprised, 1,386 bales, against 1,715 last November, 1,550 in November, 1906, and 1,400 in November, 1905. Prices averaged asunder: Medium halfbred, 7d to Bd. Super crossbred, 6|d to Bd. Medium crossbred, sfd to 6Jd. Inferior crossbred , 5d to s£d. Bellies and pieces, 3d to 4£d. Stained pieces and locks, Ifd to 2d. Dead wool, 3d to 4gd. Crutchings, lfd to 3§d.

Messrs Levin and Co., Ltd., report on the first wool sale of the season, held in the Town Hall, Wellington, yesterday afternoon, as under: —We had a most successful sale with a good attendance of buyers, spirited competition, and a sharp vise in prices. We quitted the whole of our catalogue, the range of prices being:—Superior crossbred 7Jd to Bd, medium crossbred 6£d to 7|d, coarse crossbred fid to 6|d, inferior crossbred 4£d to 6d.