LIMITS HIGHER.

Auckland Star, Volume LXI, Issue 83, 8 April 1930, Page 9

LIMITS HIGHER.

WOOL BUYERS AT DUNEDIN. SPIRITED COMPETITION. NEARLY ALL OFFERINGS SOLD. (By Telegraph.—Press Association.) DUNEDIN, Monday. The fourth and final Dunedin wool sale of the season was held to-day, when a total of 8848 bales was offered to a large and representative bench of buyers. Ihe offering comprised a good number of wellknown clips, which, owing to the previous =ale being restricted, were held over for this fixture. Taken generally the quality of the wools was above the usual standard which is generally offered at the April sale. As the latest reports from London indicated a rise in values of 5 per cent on crossbreds, it was that the prices here would respond. This anticipation was fully borne out, and at to-day s auction prices appreciated generally for all classes of wool from %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 fleece wools. Local mills were keen competitors for all good lines of combing wools suitable for their requirements. The Continental buyers were anxious to secure lines of bellies and pieces, and the great bulk of these fell to their bids. Although the prices were not up to a payable level 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. It was estimated • that 98 per cent of the offering was sold under the hammer. The range of prices is as follows, prices at the sale in March being given for the purpose of comparison:— March. April. Merino— ' d. d. d. d. Average RJ to 0| 8$ to 10 Inferior 7 to 8 7J to SI Fine Halfbred — Super 10 to 12 11 to 13J Average SJ to 9J S% to 10J Inferior 7 to S 7 to SJ Medium Halfbred— Super 10 to Hi 10J to 121 Average ....... S to 9 81 to 10 Inferior 7 to S 7 to SI Coarse Halfbred — Super to 10 03 to 10J Average S to S3 S3 to 0\ Interior 7 to S TJ to 8 Fine Crossbred — Super ft to 0} 0 to 02 Average 7£ to SJ S to S3 : Inferior 7 to 7J 7| to 7j Medium Crossbred— Super S to Si SJ to 9J Average 7} fo 7J 7J to Si Inferior Cij to 6} 6 to 7 Bellies and Pieces— Merino— Good to super 7 to 10 — Low to medium . 5 to CJ 5J to SJ Halfbred— Good to super ..' 7$ to 0 S3 to 10J Low to medium u to 7 5} to 73 Crossbred— Good to super . . 6J to "1 OJ tn 8J Low to medium . 4 to 0 4 to UJ Crutchings— Medium to pood . 45 to oj 4J to 6i Inferior and stfedy 3} to 4>. 3} to 4!J LocksMerino ." to oh Si to 41 Halfbred -3 lu 5 '•$ to 4J Crossbred - to SJ -1 t« o£ LONDON WOOL SALES. (Received 11 a.m.) LONDON, April. 7. \t the wool sales 6140 bales were offered, including 3109 New Zealand. Approximately 5230 were sold. There was a small offering of greasy Merinos, principally Continental style, and a good offering of greasy crossbreds. There was a steady demand, and a good clearance at full late rates. New Zealand crossbreds, KR 4- 10% d to 10% d; Te Pura, 13d to r>'%d-"Pare, 12d to lOMtd; halfbred, Moeraki, 13d to 12% d. At Bradford the improvement is maintained, but business is email.