PRICES DOWN.

Hawera Star, Volume XLIX, 15 November 1929, Page 10

PRICES DOWN.

WELLINGTON WOOL 'SALES. BTDDTNG EXCEPTIONALLY KEEN (By Telegraph—Press Association.) WELLINGTON, Nov. 7. At the first wool sale of the season to-day a catalogue of '7978 bales was offered to a full bench of buyers. Keen interest was shown and .prices for medium crossbreds showed a considerable • advance on brokers’ ideas of values. .Bidding was exceptionally keen at materially lower prices than the March closing rates. Bradford was not operating to any extent, the support mostly coming from France, Russia and Tasmania. Superior crossbreds, light in condition but of good colour, made 13id to Hid; a few extra super lines were | slightly higher. Good style Romneys brought llfd to 13d, Merinos, lambs and halfbreds, were stagnant. The official range of prices is as follows, the first column giving those for March 20 and the last those for November 14: — Extra Fine Crossbred.

LOAN AND MERCANTILE REPORT (By Telegraph —Special to “The Star.”) WELLINGTON, Nov. 14. The New Zealand Loan and Mercantile Agency Co., Ltd. (Wellington) report: “The first- sale of the 1929-1930 wool selling season was held to-day, when the combined brokers submitted an offering of about SOOO bales, of which 90 pen cent, was disposed of i under the hammer. There was a very large attendance of buyers, representing Bradford, America, the Continent, Dominion Mills, local scourers and spec, ulators.

“Bidding nvas keen, especially from the Continental buyers, but while I Bradford competed up to a point, it was soon evident that their limits were not as high as those of the Continent. Consequently, 'Bradford secured comparatively iittle of the offering. “The selection of wool was not quite up to the previous year’s standard, being heavier in condition and not as well grown. “Comparing the prices realised today with those ruling last November, the market must be quoted at 3d to 4d easier for crossbreds and 7d to lOd lower for halfbreds and Merinos.”

Super, 48/50 Average .... Inferior .... d. d. 174 to 194 154 to 174 13 to 15 d. d. 13 to 14 114 to 12} 104 to 11} iCorriedale. None None Average .... Inferior 15} to 17} None None None Fine Crossbred. Super, 46/48 Average .... Inferior 164 to 18} 15 to 16} 12 to 144 13 to 144 114 to 13 94 to 11 Medium Crossbred Super, 44/4'6 Average .... Inferior 16 to 17} 14 to 15} 12 to 134 12} to 13} 11 to 12 9} to 11 Coarse Crossbred. Super, 40/44 Average .... Inferior 14} to 16} 13|4 to 14} 10 to 13 12 to 1-3} 104 to 114 9 to 9} . (Low Crossbred. Super, 36/40 Average .... Inferior None 12i to 9 to 114 Hoggets. None None None * 48/50 Fine, 46/48 . Medium 44/46 Coarse, 40/44 Low, 36/40 .. 144 to 184 14 to 17 14 to 164 14 to 16 124 to 134 12 to 13} 12 to 14} 12 to 124 None None Lambs/ Down, 50/56 Fine Medium 40/44 Seedy inferior 16 to 21 15 to 20 13' to 15 5 to 144 None None None None BELLIES AND PIECES. Merino. Good to super Low to med. 11 to 13|4 11 to 134 None None Half bred. Good to super Low to med. 13 to 15.} .10 to 13 None None •Crossbred. Good to super Low to med. 104 to 15 04 to 94 8 to 11 6 to 74 Crutch nigs. 1 Med. to good Inferior seedy 10 to 134 44 to 84 8} to 9} 34 to 7 Locks. 7 to 10 None Half bred Crossbred . . . 7} to 94 54 to 74 None 44 to 5}