FINAL WOOL SALE

Ashburton Guardian, Volume 50, Issue 154, 11 April 1930, Page 7

FINAL WOOL SALE

IMPROVEMENT IN PRICES.

STRONG CONTINENTAL DEMAND.

(Per Press Association.) WELLINGTON, April 10. The silver lining to the cloud of low prices that has overshadowed the 192930 wool season appeared at the final sale of the series, hfeld at Wellington to-day, coinciding AVith the brighter outlook reported at the March-April sales, which closed strongly in London on Wednesday, with prices at the highest point of the series. To-day’s offering totalled approximately 6000 bales, which, as is usual at the final sale, included a good deal of shabby and seedy wool, but there were also a number of fair-sized clips m o-ood l average condition, some of which had been withdrawn from earlier sales. Much of the wool was well suited to Continental requirements Lor the bulk of it, in striking contrast to previous sales, competition was exceedingly animated, and buyers, notably those representing Continental houses, disnlaved great keenness. As one broker put it: “Bradford was not in. the picture.” When wools favoured by Continental buyers were offered it was noticeable that - Germany and France eagerly snapped up lot after lot. In one catalogue the name of one German buyer was marked as the huyei of nearly every lot on one page. Germany was described by another broker as “the mainstay of the sale.” While prices generally were about on a par with the last Dunedin sale, they showed an advance compared with those of the March 21 sale at Wellington of Id to l|d for crossbreds and for pieces and bellies. wool, too shared in the advance practically to the same extent. Reviewed in conjunction with the results of the London sales, to-day’s auction indicated that the corner had been turned in respect of wool values and that the demand has great improved. The Range of Prices. > Following is the range of prices d. d.

Extra Fine Crossbred, 48-50— Super 9J to 103 Average 8 to 93 Inferior 7 to 8 Fine crossbred, 46-48— Super 93 to 10J Average 8 to 93 Inferior x 63 to 73 Medium Crossbred. 44-46—■ Supef 93 to 93 Average 7| to 9 Inferior ... 1 ... ' 63 to 73 Coarse Crossbred, 40-44— Super — to 83 Average 73 to 83 Inferior 6 to 73 Low Crossbred, 36-40— Super 83 to 83 Average 7 to 8 Inferior 53 to 63 Hoggets— 48-50 8 to 93 Fine, 46-48 73 to 93 Medium, 44-46 — to 9 Lambs— Down, 50-56 8 to 93 Fine > 8 to 103 Seedy and inferior ... 43 to 7 Bellies and Pieces— Crossbred: Good to super 53 to 73 Low to medium 33 to 5 Urutcnmgu— 62 Medium to good 43 to Inferior and seedy ... 33 to 42 Locks— Crossbred 23 to 33