WOOL IN KEEN DEMAND.

New Zealand Herald, Volume LXVII, Issue 20537, 11 April 1930, Page 13

WOOL IN KEEN DEMAND.

FINAL WELLINGTON SALE.

DUNEDIN RATES MAINTAINED.

GERMANY BUYS FREELY.

ANIMATED COMPETITION

[BY TELEGRAPH. PRESS ASSOCIATION.] WELLINGTON. Thursday.

An advance in prices at the final wool sale of (he series held at Wellington today coincided with the brighter outlook reported at the. March-April sales, which closed in London on Wednesday' with prices at the highest point of the series. The offerings to-day totalled approximately 6000 bales, which is the usual amount at (he final sale. Included was a good deal of shabby and seedy wool, but there were also a number of fair-sized clips in good average condition, some of which had been withdrawn from earliei 0 sales. Much of the wool was well suited to Continental in striking contrast to pievious sales, competition was exceedingly animated. Buyers, notably those representing Continental houses, displayed great keenness. As one broker remarked, " Bradford was not out of 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 buyer of nearly every lot in one page. Germany was described by a broker as the " mainstay of tho sale." While prices generally were about on a par with those at the last Dunedin sale they showed an advance compared with those of the March 21 sale at Wellington of Id to for crossbreds and for pieces and bellies. Lambs' 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 bpen turned in respect of wool values and that the'demand has greatly improved. Hie following is the official range of prices at, to-day's sale, prices at tho sale on March 21 also being given:—

March 21. April 10. d d d d Extra Fine Crossbred— Super .. . — Si 3} to 101 Average 71 to 8 to 91 Inferior 6 to 7 7 to 8 Fine Crossbred— Super M to 9 Hj to 101 Average 7 to 7? S to f)J Inferior 5! to r,i G{ to 7J Medium Crossbred— Super 8 to 8! 9J to 01 Average 6} to 71 71 to 0 Inferior 5J to 6} 6} to 7{ Coarse Crossbred— Average 6; to 7 j ~i to Si Inferior n to G G to 7| Low Crossbred — Super — 81 to 8} Average .. 6} to "1 7 to 8 Inferior <w r. 5 to 6 5! fo 6} Hoggets— 4?-30 .v 7! to 3 8 to 9( Fine 7J to s: 7j to 3s Medium 7 to "1 3 Lambs' Down— 50-56 7« to 9 S to 31 8 to 10J Fine 71 to ]0J Medium 6J to 8 — Seedy and inferior . 2 J to 51 4J to 7 Crossbred Bellies anc Pieces- - Good to Ruper 41 to G 51 fo 7} Low to medium 25 to 4 31 to a Crutchines— Medium to good ■1 to 51 4\ to GJ Inferior and seedy . 2 to 3 . 31 to 4J Locks— Crossbred 2!' to 3 J 21 to 31