WOOL MARKET

Poverty Bay Herald, Volume LII, Issue 16200, 25 November 1926, Page 14

WOOL MARKET

GOOD COMPETITION AT HOME. (Australian and N.Z. Cable Association.) LONDON, Nov. 23. At the wool sales there was a large attendance from all quarters. A total of 9362 bales were offered of average selection. There was excellent competition and practically all was sold. Germany and the home trade were the chief operators. Compared with the October closing, merinos arc f> to 7 h per cent, lower, and crossbreds par to f> per cent, lower.

SALES AT SYDNEY. SYDNEY, Nov. 2-1. At the wool sales fine wools and particularly showy and attractive parcels met with an excellent, demand, prices continuing in sellers’ favor. Wools lacking quality and showing dust and burr were very irregular. Comebacks and crossbreds were unchanged. Greasy merino sold at 3f).{d, a record so far for the season.

WANGANUI PRICES,

The range of prices at the Wanganui wool gale on Tuesday was as under: March, 1926 To-day’s

FRENCH BUYERS- COMPLAIN,

ALLEGED PETTY ANNOYANCE. French wool buyers are not, in love with the methods of the New Zealand Government. One stated in Wanganui that they had' been subjected to petty annoyance on landing from Australia, where they had been staying during the off season, by being asked 1 to hand out £lO before being allowed to land here. While recognising that the money would he returned upon leaving the country within six: months, they maintained that the time limit was too short, as some of them wanted to remain longer to buy wool privately after the close of the sales. Income tax papers have also been sent to thorn, with a request that thev interview an income tax inspector in Wellington. To do this would put the buyers to considerable inconvenience, as they were, busy men, with little time at their disposal. The position, was cabled' to headquarters in Franco, and they were advised that they must deduct an amount from the wool they buy equivalent to any income tax charged.

prices. prices. d dl d d Fine crossbred, 4648— Super 12* to 13* 13 to 131 Average 11* to 131 11 to 12* Inferior *... 7 to 91 8 to 10* Med. crossbred. 4446Super 11* to 12* 12 to 121 Average 10* to 111 11 to 12 Inferior 8 to 10* 81 to 10* Coarse crossbred , 40-44-Super 11 to 12 11 to Hi Average 10 to 111 101 to 10* Inferior 71 to 101 8 to 91 Low crossbred', 36-40—* Super 10* to 11 10 to 101 Average 10 to 101 91 to 10 Inferior 101 to 91 71 to 9* lloggets—48-50 * 121 to 141 Fine, 46-48 Med., 44-46 Coarse, 40-44 11 to 13 111 to 131 91 to 11| 11 to 121 8 to 10 8* to 101 Low, 36-40 8 to 91 8 to 10 Lambs— * * Bellies and pieces— Crossbred : * Good to sup. 8' to 8* 81 to 10* Low to md. Locks— 6 to 7| 51 to 8 Crossbred ... Cru tellings— 4 to 5* 4* to 5* Med. to good Inferior and 61 to* 7 7* to 81 seedy 4 to 61 5 to 7* *Nbne offering.