BETTER DEMAND

Poverty Bay Herald, Volume LV, Issue 17232, 11 April 1930, Page 10

BETTER DEMAND

MARKET FOR WOOL | THE WELLINGTON SALES j GERMANY BUYS FREELY. (Per Press Association.) j WELLINGTON, last night. The silver lining Lo the cloud of low prices thai has overshadowed the 1929-50 wool season appeared at the final sale ol the series held at Wellington to-day, coinciding with the brighter reports ot the March-April sales, which, closed strongly in London cm Wednesday, with pikes at Ihc highest point "I the series. To-dav's offerings totalled approximately 6000 hales which, as is usual at the linnJ sale; included a good deal ol shabby and seedv wool. bin there were also a number ol lair sized clips in good average condition, some (if which had been withdrawn from earlier sales. Much of the wool was well suited lo Continental requirements and the bulk. of it was in striking contrast to thai of previous sales. Competition was exceedingly animated, ami buyers, notably 'those representing Continental houses, displayed great keenness. As one broker put it. "Bradford was not in the pic >. ture."

When wools favored 'by the Continental buyers were offered. it was noticeable that Germany and eagerly snapped tip lot after lot. [u one 'catalogue, the name of one German buyer was marked as the buyer of nearly every lot on one page. Germany "'as described' by another broker as the "mainstay of the sale."

While prices generally were about nil n par with the last Duncdin sale, they showed an advance compared with those of the March 21 sale, at Wellington oil Id to ljd for erossbreds and for pieces and bellies. Lambs' wool. too., shared in tho advance practically to the saino extent. "Reviewed in conjunction with the results of the London sales, to-day's auction indicated that the corner had been tinned in respect of wool values and that the demand has greatly improved. RANGE OF PRICES. The following is the official range of prices with those for March 21 in, parentheses: Vine halfbrcd, 56/58: Average (BJd to. B|d), none offering; inferior (61(1 to B£d), none offering. Medium hallbred. 50/56: Super, noiio offering; average (7Jd to 8d), none offering; inferior (6Jd to 7(1), none offering. Extra fine crossbred: Super (Ogd), lolOJd; average to Bid),Bd to tyd ; inferior (6d to 7(1), 7d to Bd. Fine crossbred, 46/48: Super (tijd 'to 9d), 9Jd to 10id; average (7'cl to 7|d},! 8d to 9-Jd; inferior (5J,d to 6Jd), to Medium crossbred, 44/46: Super (bd to' 9id to 9£d; average (bid to. 6id'to"74d. Coarse crossbred. 40/44: Super (—),| average (6Jd to 7Jd), 7£d to 8bl;. inferior (5d lb'6'd), M to 7.1(1.• Low crossbred, 36/40: Super (nollei offering). BJd to BJ,d; average (6£d to to 6Ad. froggets, 48/50: (74*1 to Od), 8d lo 9ifli fine 46,48 (7{d to B|d). 7|d to 9Jd : medium 44,'46 (7d to 7Jd). 9tl. Lambs, Down. 50/56 (7A.d to 9d). 8d 10, fine (7Jd to lOJdl. 8d to 10V1 :j medium 40;44 (6Jd to 8d), none offering; seedy and inferior all grades (24/1, to si>cl). 4Jd to 7d. Bellies and pieces: (Yotsbrod, good 10, super (4.)d to 6d), Jtyd to ?£d; low to medium (23(1 lo'4d). 3Jd to sd. . Crntehings. medium to good (4d lo sjdb 4Ad to 65d; inferior and seedy (2d to 3d), 3Jfd to 4-Jd. Locks: Crossbred (2£d to 34d), 3£d to, 3Jd. LONDON WOOL SALE Messrs. Murray, Roberts -and Co. are in receipt of the following cable . message from London under date 9th inst.: —".Sixiy-sixfy-four's New Zenland merino, yielding 48 per cent, lid; fill's, yielding 00 per cent., lid; 50's, yielding fis per cent,, 1,0(1; 44/40's prep., yielding 71 per cent., 9Jd; 44/40 'sicatdihgj yielding 72 per cent., 9d; 40/44 's, yielding 73 per'cent.,'9d;; 3(5/40's yielding 75 per cent., 9jd. Sales closed 'firm with keen competition, Bradford being'.the principal ■ buyers. ' Compared with last Loudo:-. sale's closing rates crossbred greasy, comeback and half-bred superior declined 5 per cent:, and other declined 1(1 per cent.; greasy;'medium' declined 7A per cent.,'and coarse ."> per cefit.j .scoured, irregular, declined par to 5 per cent.; slipc declined 5 to 7 J per > cent." ■ Messrs. Dalgcly and Co. have received the following cable messugwjj from London, dated 9th inst.: —" Lou-'

(Inn wool sales closed very liriu. Competition was general and active, and the market closes at the highest point. As compared with the following rates of hist series greasy merino was Jd to : ;d lower; scoured merino. id to Id lower; greasy halfbred, id to Id lower; greasy crossbred, line jjcl to Id lower; medium }(1 lower; coarse id lower; seoiired crossbred, id to Id lower; sli'pe halfbred, Id to l'iil lower; other sorts of slipe, Ad to Id lower; greasy lamb crossbred, par to id. The offering totalled 1-11,:!!).") bales.' The Continent bodghl (i.'S.OOO bales, Home trade 59i()00 bales ami America 2(100 bales, witli a carry forward of 01,000 bales! of which 5:1,000 bales were 'hot offered.. The total sold was 1:24,1)00 bales. Range of prices: '.Merino, good to super bid to llUd, low to medium !).',d in llirl; halfbred,. oii/oS. good to super I'-'d'to l*sd, low to medium !) : i'd to Hid; halfbred. SO/oti, good to super lid to l-'id, low to medium !)d to 10.U1; line crossbred. 48/00, good to super'lOJd to 113 d, low to medium Sfc to U)jfl; fine crossbred, 40/-IX, 'good to super, .10Id to 111<U low to; medium 8M to 10d; crossbred, 44/40, good to super Hid to lid, low to medium Sid to Dfijj Crossbred, 40/44, good to super, it,'ft to 101(1, low to medium H[d to SHir; coarse crossbred. ;>(i/10, good to super ' Did to lod, medium to good- Bl'd to !>id;