THE CORNER TURNED.

Timaru Herald, Volume CXXV, Issue 18541, 11 April 1930, Page 8

THE CORNER TURNED.

Wool Prices Improve. BETTER TONE AT WELLINGTON. By Telegraph—Press Association. WELLINGTON, April 10. The silver lining to the cloud of low prices that has overshadowed the 19291930 wool season appeared at the final sale of the series at Wellington to-day, coinciding with the brighter outlook reported at the March-April sales, which closed strongly in London on Wednesday with prices at the highest point of the sertes. To-day’s offerings totalled approximately 6000 bales, which included a good deal of shabby and seedy wool, but there were also a number of fair-sized clips in good good average condition, some of which had been withdrawn from earlier sales. Much of the wool was well suited to Continental requirements, and for the bulk of it, in striking contrast to previous sales, competition was exceedingly animated. Buyers, notably those representing Continental houses, displayed great keenness. As one broker put it: “Bradford was not in the picture.” When wools favoured by Continental buyers were offered, it was noticeable that Germany and France eagerly snapped up lot after lot. In one catalogue, the name of one German buyer was marked as the buyer of nearly every lot on one page. Germany was described by another broker as the “mainstay of the sale.” While prices generally were about on a par with those at the last Dunedin sale, they showed an advance, compared with those of the March 21st sale at Wellington, of Id to lid for crossbreds and for pieces and bellies. Lambs’ wool shared in the advance practically to the same extent. Viewed in conjunction with the results of the London sales, to-day’s auction indicated that the corner had been turned in respect of wool values, and that the demand has greatly improved. The following is the official range at prices:—

Extra fine crossbred— Super, 93d to 103 d. Average, 8d to 9id. Inferior, 7d to Bd. Fine crossbred (46/48—• Super, 9id to 10*d. Average, 8d to 91d. Inferior, 6id to 7id. Medium crossbred (44/46) Super, 91d to 9id. Average, 73d to 9d. Inferior, 6id to 7id. Coarse crossbred (40/44) Super, Bid Average, 7id to Bid. Inferior, 6d to 7id. Low crossbred (36/40) — Super, B£d to Bid. Average, 7d to Bd. Inferior, sid to 6id. Hoggets—--48/50, 8d to 9id. Fine (46/48)>7id to 9id. Medium (44/46), 7id to 9d. Lambsdown—

50/56, 8d to 9*d. Fine, 8d to lOid. Seedy and inferior, 4*d to 7d. Crossbred bellies and pieces— Good to super, sid to 7id. Low to medium, 3£d to sd. Crutchings— Medium to good. 4*d to 63d. Inferior and seedy, 3*d to 44d. Locks— Crossbred, 2id to 3 id.