WOOL PRICES UP.

Auckland Star, Volume LXI, Issue 142, 18 June 1930, Page 4

WOOL PRICES UP.

ON PARITY WITH LONDON. SPIRITED COMPETITION. DEMAND FOR CROSSBREDS. (By Telegraph.—Press Association.) WELLINGTON, Tuesday. Sufficient fleece wool was offered at the first of the Dominion winter sales held at Wellington to-day to test the market, and prices generally were on a parity with those ruling at the close of the London sales last month. Compared with the ' last sale of the Dominion roster sales in April, prices for all qualities above 40-44's showed a rise ot %d good lines of the same quality going up to %d dearer. Some fleece wool from Dannevirke sold at up to 10% d, and one line of Southdown made lid. There was a large bench of buyers, practically all sections of the oversea trade being "represented. The catalogue totalled 5218 bales, of which crutchings and similar lots totalled over 1300 bales. No super lots were offered, but average crossbreds met with a spirited competition and at full London parity. According to one broker, there was a special order for good bright crossbreds of strong quality, which were keenly competed for. The Continental buyers, especially France, were the principal operators for fleece and pieces, and they worked on higher limits than Bradford, whose representatives were somewhat reserved, although they went after bright fleece at times. The French buyers purchased heavily in lambs, pieces and bellies, Japan was keen after crutchiugs. There was good competition for medium lambs, and seedy parcels sold well, prices in both cases being from par to %d higher than in April. Crutchings sold rather better than had been expected. A good clearance was effected all round. Following is the official range of prices: Medium Halfbred— Average 9d to 101 d Coarse Halfbred — Average 83d to Old Fine Crossbred — Average BJdtolod Medium Crossbred^— Average 8d to 9Jd Inferior 5d to 8d Coarse Crossbred — Super 83d to 9Jd Average 7§d to 9Sd Inferior 6d to 8d Hoggets— 48 to 50 :.. - 9Jd tp 93d Fine BJd to 9id Lambs— ■ Fine SJd-to IOJd Seedy and inferior, all grades 4d to 7Jd Bellies and Pieces — Merino— Low to medium — 7Sd Crossbred — Good to super ..> 4Jd to SJd . Low to medium 2d to 6Jd Crutchings— • Merino — 5Jd Halfbred Oid to <5Jd Crossbred —■ Superior 7d to SJd Medium to good 6d to 7d Seedy and inferior 2Jd to 0d Locks and stained pieces .. — 32d WHEAT SLUMP. CHICAGO VALUES. BELOW THE DOLLAR. CHICAGO, June 16. Wheat for delivery in July is quoted at Chicago at 96% cents per bushel. For September delivery the rate is 99 cents, ! and for December $1.03%. PANIC IN CANADA. . , WINNIPEG, June 16. Dollar wheat ruled in a panic on the futures market on Monday. Losses of 4% to iVs for July delivery closed the market at 99% cents; for October $1.3%, for December $1.4%. A GOOD RECOVERY. (Received 9 a.m.) WINNIPEG, June 17. Wheat gained almost four cents on Tuesday, with halted rains and better export business. July closed at $1.3%, October $1.6%, December $1.8%. LATEST CHICAGO VALUES. (Received 10 a.m.) CHICAGO, June 17. Wheat for delicery in July is quoted at Chicago at $0.98% per bushel. For September delivery the rate is $1.01%, and '.or December $1.05%.