MARKET IS DULL AT WOOL SALE.

Star (Christchurch), Issue 18937, 6 December 1929, Page 10

MARKET IS DULL AT WOOL SALE.

-iOOD SORTS LIMITED, DECLARES BROKER. Per Press Association. WELLINGTON, December 6. The Wellington December wool sale, limited to 27,000 bales, is proceeding. Prices are down on November rates, the fall on most lines being a penny. Coarse wools are least affected. Many lots failed to reach the reserve. There was a representative bench of buyers who appeared to want the wool, but were not able to pay the price. The wool was not so good as that at the December sale last season. Mr Moodie, chairman of the Wellington Woolbrokers’ Association, said that the tone of the market was anything but bright. The fall wa£ heavier than anticipated. He remarked that the offering was rather disappointing, the wool being thin, off colour and badly grown. The quantity of super wools, which was generally a feature of the December sale, was very limited, but when any good line came before the buyers sound prices were obtained, a dumber being secured for the United States. The demand for coarser styles of crossbred was comparatively good. There was a very limited inquiry for Merino. At the 'low range of prices ruling as the sale proceeded, Bradford was in the market, taking fair quantities. German buyers were also operating fairly freely. Following is the range of prices:— Merino. Average—llid to 12id. Inferior—Up to lid. Fine Half-bred. Extra super—To 16id. Super—l4d to lod. Average—llid to 13*d. Inferior—lo£d to lid. Medium Half-bred. ' Super—l3ld to 14id. Average—ll id to 13d. Inferior—9id to llid. Extra Fine Cross-bred. Super—l2id to 14|d. Average—lol d to 121 d. Inferior—93d to 103 d. Fine Cross-bred. Extra super—Up to 15id. Super—l2d to 14d. Average—lold to l2ld. Inferior—9d to lOld. Medium Cross-bred. Super—l2d to 14d. Average—lOd to llld. Inferior—9d to lOd. Coarse Cross-bred. Super—l2d to 133 d. Average—lOd to Hid. Inferior—B3d to *9£d. , Low Cross-bred. Super—l3d to 13£d. Average—llid to I2£d. Inferior—lOd to llid. Iloggqts, 48-50. Super—loid to 14ld. • Fine—lOid to 13£d. Medium—lOd to 12*d. Lambs. Fine—lid to 14£d. Seedy and inferior—7d to lOd. Bellies and Pieces. Low to medium Merino—Bd to lid. Low to medium half-bred—63d to 7id. Cross-bred. Good to super—7£d to llld. Low to medium—o£d to 71d. Crutchings. Medium to good—7d to 93d. . Inferior and seedy—oid to 63d. Locks. Half-bred—Up to sid. Cross-bred—43d to old.