THE WOOL MARKET.

Timaru Herald, Volume CXXV, Issue 18538, 8 April 1930, Page 2

THE WOOL MARKET.

SLIGHT RISE IN PRICES. PINAL DUNEDIN SALE. By Telegraph—Press Association. DUNEDiN, April 7. Dunedin woolbrokers held their fourth and final sale of the season today, when 8848 bales were offered to a large and representative bench of buyers. The offering comprised a good number of well-known clips, which, owing to the previous sale being restricted, were held for this fixture. Taken generally, the quality of the wools was above the usual standard of April sales. As latest reports from London indicated a slight rise in values of 5 per cent on crossbreds, it was anticipated that prices here would respond to the above news. The anticipation was fully borne out, and at to-day’s auction prices appreciated generally for all classes of wool by from id to 2d per lb, with the exception of inferior and shabby halfbreds, which were unchanged. Competition was widely spread, and Bradford and the Continent competed spiritedly for all fleece wool, whilst local mills were keen competitors for all good lines of combing wools. The Continent and local fellmongers were anxious to secure bellies and pieces, and the great bulk of these fell to the bid of the former. Although prices were not up to payable value to the grower, it was evident that buyers were operating at an increased limit, and almost a complete clearance was effected, it being estimated that about 98 per cent of the offering was sold under the hammer. The following was the range of prices: Merino — Average 82d to lOd. Inferior 75d to B£d. Fine Halfbred <56/58, 56’s> Super lid to 134 d. Average BJtd8 J t d to lOid. Inferior 7d to 85d. Medium Halfbred (50/56’s, 50’s)— Super 105 d to 12id. Average 85d to lOd. Inferior 7d to Bid. Coarse Halfbred (48/50's) Super 9sd to 105 d. Average 82d to 91d. Inferior 72d to Bd. Fine Crossbred (46 (48 s) — Super 9d to 92d. Average 8d to 82d. Inferior 7Jd to 72d. Medium Crossbred (44/46's) Super 85d to 9id. Average 7id to Bid. Inferior 6d to 7d. Bellies and Pieces— Merino— Low to medium sid to B*id. Halfbred— Good to super Bld to 10id. Low to medium sid to 72d. Crossbred— Good to super 6sd to Bid. Low to medium 4d to 65d. Crutchings— Medium to good 42d to 6id. Inferior and seedy 3id to 4id. Locks— Merino 3id to 4id. Halfbred 3d to 4id. Crossbred 22d to 33d.