WOOL MARKET

Ashburton Guardian, Volume 50, Issue 151, 8 April 1930, Page 7

WOOL MARKET

FOURTH DUNEDIN SALE.

GOOD DEMAND, PRICES FIRMER.

(Per Press Association.) DUNEDIN, April 7

The Dunedin wool brokers held their fourth and final sale of the season at the Burns Hall to-day, when a total of 8848 bales were offered to a large and representative bench of buyers. The ■ offering comprised a good number of well-known clips, which, owing to the previous sale being restricted, were held for this fixture. .Taken generally, the quality of the wool was above the standard which is generally offered at the April sale. As the latest reports from London indicated a slight rise in values of 5 per cent, on crossbreds, it was anticipated that prices here would respond to the above news. Anticipation was fully borne out, and at to-day’s auction prices appreciated generally for all classes of wool from J-d to £d per lb, with the exception of inferior and shabby halfbreds, which were unchanged. Competition was widely spread ’and Bradford and the Continent competed spiritedly for all ffeece wool, whilst the local’ mills were keen competitors for all good lines of combing wools suitable for their requirements. The Continent and fellmongers were anxious to secure lines of bellies and pieces, and the great bulk of these fell to the bid of the former.

Although prices were not up' to a paying value to the grower, it was evident that buyers were operating at an increased limit, and this was appreciated by growers, who practically all met the market, and almost a complete clearance was effected, it being estimated that about 98 per cent, of the offering was sold under the hammer.

The following is the range of prices d. d.

Merino, 60-64, 64-70

Average 81 to 10 Inferior 7} to 8.} • Fine Halfbred, 56-58, saSuper il to 13} Average 8} to 10} Inferior 7 to 8} Medium Halfbred, 50-56, 56— Super 10} to 12} Average 8} to 10 Inferior 7 to 8} Coarse halfbred. 48-50— Super 95 to 10} Average 83 to 9} Inferior 7} to 8 Fine crossbred, 46-4S— Super 9 to 93 Average 8 to 8| Inferior 7} to 73 Medium Crossbred, 44-46— Super Average Inferior 8} to 9} 7} to 8} 6 to 7 Bellies and Pieces— > Merino: Low to medium Halfbred— Good to super Low to medium Crossbred: 5} to 83 8} to 10} 5} to 7} 63 to 8} Good to super Low to medium Crutchings— 4 to 6} 43 to 6} Medium to good Seedy and inferior ... Locks— 3} to 43 Merino 3} to 4} Halfbred 3 to 4} Crossbred 2} to 33