WOOL MARKET IMPROVES

Taranaki Daily News, 14 February 1931, Page 9

WOOL MARKET IMPROVES

SPECULATIVE DEMAND APARENT. THE PRICES ’’DECIDEDLY BETTER” By Telegraph.—Press Association. Wellington, February 13. The market showed a good tone at the wool sale to-day, when a catalogue of 15,000 bales was offered. The opinion is expressed that the January levels are restored and that growers are meeting the market. Bradford and the Continent were keen. Good wools brought decidedly better prices. Lambs wtire strong in quality, but the demand was limited. Merinos and halfbreds were 4d. better than January rates. Bellies and pieces were dearer by id. to id. A speculative demand, was apparent. The tone of the marked has decidedly improved, but no sensational rise is looked for. Following is the range of prices;— Merino, 64/70, 60/64—

Super ........ .. Average None 6 to 8 Inferior None Fine half'bred, 56/58 —• Super Average None 5J to 72 Inferior 41 to 5i Medium halfbred, 56/56 — 1 Super ■. Average None 5J to 72 Inferior 4 to 5 Corriedale— Super Average None 5A to 62 Inferior . None Extra fine crossbred, 48/50— Super GJ to 8 Average 52 to 6| Inferior 4 to 5 Fine crossbred, 46/48— Super 6) to 71 Average 4| to 6J Inferior 32 to 42 Medium crossbred, 44/46— Super . . GJ to 71 Average .'. 42 to 6J Inferior 3 to 4 Coarse crossbreds, 40/44 — Super 6 to 7 Average 4j tj 52 Inferior 3 to 4 Low crossbred, 36/40— Super Up to 5J Average 4 to 5 Inferior . 3 to 32 Hoggets— 48/50 5 to 7J Fine 46/48 5 to 7 Medium 44/46 42 to 6} Coarse 40/44 Upto 5J Low 36/40 ; ; None Lambs — Down, 50/56 ............ Upto 7 Fine 6J J > 72 Medium 40/44 Upto Seedy, all grades li to 3? Bellies and Pieces. Merino— Good to super Up to 5 Low to medium 2 to 4 Halfbred— None 2J to 4 Good to super Low to medium Crossbred— Good to super 3 to 5 Low to medium ........ li to 3 Crutchings— Medium to good 2.J to 4 li to 2i Locks — None 1 to 2 Merino Crossbred None