RISE IN PRICE OF WOOL

Taranaki Daily News, 15 November 1927, Page 6

RISE IN PRICE OF WOOL

STRONG SALE IN WELLINCTOM ADVANCE OF FULLY TWOPENCE (OMPETITJON FR()M (oX TIN EK T. By Telegraph.—Press Association. Wellington, Nov. 14. It is difficult to give the reason, but the price of wool to-day rose to fully twopence a pound better than last March for the Wellington sale. The support came chiefly from the Continent. Bradford bought wool but sparingly, and the opinion of some buyers for that niaiket was that prices were far too high for it to make its m-ual we'nrht fully felt. ‘ There was a full bench and the keenest competition rvas displayed. Just over 9001) bales were offered, very wellgrown and less wasty, though a trifle heavier in grease than a year ago. America procured some of the better conditioned and more stylish of the wools. Australia was a valuable buyer for Wools suitable to manufacture there. France strongly competed for fleece wools and Germany Itougbt heavily. The following is the range of prices in each case for super, average and inferior:—

Merino, 25Jd to 26,<1. 23d to 24d. —f line halfbred, 22jd to 26$d, 19jd to 22j<l, none; medium, halfbred, 20jd to 22)d, 19d to 20ld, 153 d to Uitd; coarse halfbred, 19d to 20’d, Hid to 183 d, 14.1 to 15Jd; Corriedale, none, 191 d to 293d 1 , none; fine crossbred, 17d to ISJd, 15d to 17 jd, 13d to 141 d; medium crossbred, 16d to 17Jd, 14d to 153 d, 12d to 133 d; coarse crossbred, I4d to 15Jd, 12jd to 4)d, lOd to 12d; low’ crossbred, 13id to 14.1 d, 11 Jd to 13jd, 9d to lid. Hoggets.—4B-50’s, Cd to 203 d; fine, lad to 18Jd; medium, 14jd to 17d; coarse, 14d to 15£d; low, 12d to 14d. Lambs.—None. Bellies and Pieces. —Crossbred, good to super, 13d to 17jd; low' to medium, 83d to 12Jd. Crutchings.—Good, 9)d to 12Jd; inferior, Gid to Sid; locks, OJd to 9Jd. There was a rise of 2d to 2Jd in fine wools and JJd to 2d in medium and coarse.