WOOL MARKET

Gisborne Times, Volume LXV, Issue 10305, 14 January 1927, Page 5

WOOL MARKET

A GOOD SALE . SLIGHT IMPROVEMENT IN PRICES ‘ ' WELLINGTON, Jan. 13. The third of the series of wool sales to be held in Wellington commenced last evening, when three catalogues were submitted. There was a full bench of buyers, and bidding was extremely keen and occasionally animated. It cannot be said that any one section of the trade dominated the situation. Everyone seemed anxious ■ to buy. Bradford and the Continent were keen operators. It is considered that the reserves were in some cases higher than waiTanted by the market conditions. Nevertheless, it was a good sale. Early’ indications suggest an improvement in the price, some experts placing it at a halfpenny and others at one -farthing. The sale was continued to-day. Later. The wool sale concluded to-day. A lively demand continued, the prices, as yesterday," snowing an advance of approximately Id to l-’d for line sores, anu average wools Ad better.

( thc.al range of prs.es:— Merino; Super 193 d to 23d- average 16£d to 19d. Fine halfbred: Super 17fd to 19£daverage 15d to 18d. Medium halfbred: Super 17d to 18:id; average 14|d to 17d: inferior 12jd to 1444. Coarse halfbred: Super I6d to 17£d; average 13|d to 15|d: inferior 12d to 13£d. Corriedale: Super 174 d to 193 d: average 143 d to 17d ; inferior 121 d to 14£cl. Fine crossbred: Super 14d to 16id; average 12-ld to 14d: inferior 10|d to 121 d.

Medium crossbred: Super 13'4d to 15d; average lid to 131 d: inferior 9Jd to lid.

Coarse crossbred: Super 12d to 133 d; average IOJd to 124 d; inferior 7d to 10ld.

Low crossbred: Super 11-)d to 12d; average IO.Jd to 11 Id: inferior 7Ad to 9Ad. .

'Hogget: Super 12id to 13fd; fine fine lljd to 15|d; medium lid to 14|d; coarse 104 d to. 17d: low lOd to 11 Id.

Lambs: Fine 12Jd to 16|d; medium ILj-d to 13d; seedy 7d to llAd. Bellies and pieces: Merino lOjd to 17Ad; halfbred IOJd to lojd; crossbred 53 to 14d; crutchings 4d to lOd; locks 5d to 10|d. —P.A.

ANIMATED BIDDING THROUGHOUT. EAST COAST CROSSBREDS NOT UP TO AVERAGE QUALITY. WELLINGTON, Jan. 13. The wool sales continued to-dav. There was animated bidding throughout. Half-breds of all descriptions were in strong demand from local mills and Continental operators .Merinos and half-breds were of good character, but crossbreds from the Wairarapa and the East Coast were not up to average of a good season. Fine and medium crossbreds of super style and condition were wanted for America. Inferior medium crossbreds were competed for by Bradford and the Continent. Merinos sold well at strong competition between local mills and Bradford. Ninety-eight per cent, of the offering sold under the hammer-—-P. A - Messrs Murray, Roberts and Co., Ltd., report as under on their sale held at Wellington on January 12 : “Our catalogue was very attractive. There wa.s soirited competition. Bradford buying "strongly; Continent buying on all shabby wools. r I hrec catalogues were sold, totalling U,OuU bales. The market was stronger, probablv oar to halfpenny up on coarse and half-penny to one penny on fine wools above forty-eights. Sometimes higher on extra super lots. There was a keen demand for pieces and lambs, good lots, the latter making between 15d and 16d.”

THIRD NAPIER. SALE ON MONDAY

OVER 7000 BALES OP POVERTY BAY WOOL

The third Napier sale of the season, which takes place _ next Monday, will bib easily the biggest of the season, over 29,000 . bales having been catalogued. This quantity Includes 7064 bales of Poverty. Bay wool,' the greater part of which is in very good condition. The allotment for Poverty Bay was 8000 bales, but owing to the wet weathei it was found impossible to have the whole of this wool shipped before the closing of the catalogue. the fall allotment of 22,000 bales for Hawke’s Bav was secured some time ago. Buyers are expected to arrive in Napier during the week-end, and the sale itself will commence on Monday evening. . . The individual offerings from Hisborne are ; ba l es Williams and Kettle I^o6 Common. Shelton and Co. ••• d/z Dalgetv and Co. ... 660 Gisborne Sheeptarmers’ ... ... NZ. Loan and Mere. C 0.... If of dePelichet. McLeod and C 0.... 048 Murray, Roberts and C 0.... 888 The order of sale is as follows: Williams and Kettle, Dal get y and Co., N.Z. Loan and Mercantile Co., Murray, Roberts and Co., Hoadley, Son, and Stewart, dePelichet, McLeod and Co., Hawke’s Bay Farmers.’ , _ . - With such a large offering of wool the sale will last well into Tuesday, ft is not expected that the offerings at the next two sales will be nearly as large as at the January fixture, 'which is always the biggest of the season. SYDNEY SALES. FIRM MARKET AT LATELY IMPROVED RATES 1 ,. (United Press Assn.—Copyright.) fßeceived Jan. 13. Midnight.) SYDNEY. Jan. 13. At the wool sales the market ruled firm at lately-improved rates for all orood wools, but irregularity was noticeable in the broad stapled and doubtful yielding lines. Creasy merino sold to 32-)d.—U.P.A. KEEN COMPETITION AT HOBART . HOBART, Jan. 13. The first- wool sale of the season commenced yesterday. Competition was verv keen,, and compared with the closing prices on the mainland in D'ecemher fine. Merinos advanced 10 pa r cent., other merinos from par 1o 5 per cent. Super and good comebacks and fine cossbred alsq were 6. oer cent- higher. Merino- skirting*, were * unchanged. while crossbred skirtings advanced 5 per cent.— r.r.A. ■ i ■■ LONDON SALES .. LONDON, Jan. 12. At the wool sales commencing on January 18, 131,000 bales will be offered, of which 80.000 are Australian and 41.850 New Zealand. A. and N.Z.C.A.