WOOL PRICES UP.

Press, Volume LXIII, Issue 19158, 15 November 1927, Page 10

WOOL PRICES UP.

FIRST SALE OF SEASON. CONTINENTAL BUYERS SET THE PACE. (PBESS ASSOaiTIOX TELZGBAH.) WELLINGTON, November 14. At the wool sales to-day Russia was a buyer, but up to the first interval in the sale had taken comparatively little wool. Japan bought also to a limited extent. American buyers were after, and pracured, some of the betterconditioned and more stylish of wools, and Australia was a valuable buyer for wools suitable for manufacturers in the ] Commonwealth. One pronounced fea- j ture of the market was the strong com- ( petition from France for fleece wool. ! Germany bought heavily. In brief, the Continent made the pace to-day. Mr R. G. Anderson, chairman of the Wellington Wool Brokers' Association, said: "This sale has attracted the largest bench of buyers in the history of the wool-selling trade of New Zealand." Every one of the 80 seats was' occupied. Bidding, however, was confined to but few of the buyers, and these were mainly French and Continental operators. It has been known for some time that the mills in Continental countries were in short supply of raw material, and the results of the sale to-day would indicate that there had been a rush to cover requirements early in the selling season regardless of price. That being so, it would be as well for growers in particular, and the country as a whole, to realise that the particularly high prices of to-day may not be maintained throughout the Belling season. "It must be remembered," Mr Anderson continued, "that Bradford has always been the mainstay in the New Zealand wool market, but representatives of that centre are probably 2d per pound or even more in greasy wool below the market. Of course prices today are considerably above those ruling at the best sale here last year, and a. long way ahead of the opening prices last season. Indeed, it is not a matter of doubt, but of certainty, that the values to-day could not be realised- in the London market." The following is the official range of prices realised to-day:— ;

SYDNEY SALES. (si cable—puss association—copxkight.) (avstbauah and k.z cable association.) (Received November 14th, 11.30 p.m.) SYDNEY, November 14. At a the wool sales there was spirited competition in all sections and values were generally fully equal to last week's rates, and with a slightly improved tendency for average fleece and skirtings. Comebacks and ciossbreds also sold freely at the recently Imported advance. Merino 6old to 29d.

MELBOURNE SALES. (AUSTRALIA* AND H.Z. CABLE ASSOCIATION.) (Received Novcmbor 14th, 11.80 p.m.) MELBOURNE, November 14. At the wool sales bidding wae keen throughout and late rates were well maintained. Good clearances were effected. Greaay merino sold to 28Jd, the top price •f the season.

SYNTHETIC RUBBER. SUCCESS* IN GERMANY. <BY CABU—PBIB3 ASSOCIATION—COPTBJOHT). UVBTAAUAX AND ».*. CABLB ASSOCIATIOjr.) BERLIN, November 13. Herr von Weiling, director of tho Dye Trust, addressing leaders of the chemical industry ax. Frankfort declared that the Dye Trust's experiments in making synthetic rubber had succeeded. He envisaged early and profitable, production of this rubber of a quality equal to natural jubber. Similarly synthetic camphor, glycol, resin, and substitutes for shellac, horn and leather were also being manufactured.

BATHURST BURR.

DANGER OF INTRODUCTION. [THE PRESS Special Service.] WELLINGTON, November 14. In the House of Representatives tonight Mr D. Jones (Ellesmere) asked the Minister for Lands whether he would take steps to see that sheep imported from Australia and in the Chmtchurch Show were shorn before )*'J"?™ ? 110 . wed to k out of c ?"f tchurch . bathurst burr being one or the most serious dangers the New Zealand sheepgrower has to face. I Mr Hawken said he had already instructed the Department to look into the matter with a view to preventing the spread of the burr.

Mar. 28thNov. 14tb. Merino— . d. d. d. d. Super .. .. 214 to 23 14} to 26| Average .. 18: to 212 23 to 24 Inferior .. : 15 to 16} Fine halfbred— Super .. .. 191 to 21 22} to 26J Average 17J to 19} 19} to 22} Inferior — 15 to 17 Medium Halfbred— Super 18J to 20 20} to 22} Average 16 to 18J •19 to 20} Inferior .. 14 to 16 152 to 16} Coarse Halfbred*— Super .. "'•\^ 16| to 38J 19 to 20} Average \14} to 16J 16 to 18J Inferior 12. to.l4J 14 to 15J Average 16} to,-18 19} to 20J Fine Crossbred— Super .. ' '.. 15J to 16} ; - 17 to 18J Average .... 13J to 15J 35 to 17} Inferior 11} to 12} 13 to 14} Medium Crossbred— Super * ' .. 34J to 15J ' 16 to 17} Average 12J to 14} 14 to 15? . Inferior 10} to 12J 12 tol3J Coirso Crossbred— ' Super .. ' •.'/.. •. 13 to 14 . 14 to 152 Average 11}. to 13} 12} to 141 Inferior .92 to' 11} 10 to 12 Low Crossbred—• Super .... .. 12 to 12} 13} to 14} Average ... 11 to 13} 11} to 13} Inferior ' .'. i\ to id} ' '9 to 11 Hoggets •* .. 14 to 17 16 to 20JFine .. .. 13 'to 161 15 to 18j Medium 12} to 15 14} to 17 Coarse .. — 14 to 152 Low ., .. —.. 12 to 14 Lambs— Down .. .. . _ . 151 to "2 Fine — 13}.to 17} Medium, -10-44 .. , -13} to 14' ' Seedy and inferior : l all grades 7} to 13 ' Bellies and Pieces- , i Merino, good to super — 132 to 16 Low to medium .. Halfbrcd- — 111 to 341 Cood to euper .. _ 13} to 17 ' Low to medium .. _' 12 to 132 Ciossbred— Good to super .. 10} to 14} 18 to 17} Low to medium .. 42 to 101 8} to 12} Crutchings— Medium to good 8} to 10} 9} to 122" Inferior and seedy 44 to 81 64 to 8} LocVs— Merino .. _ 9} to 10} Halfbred 8 to 8} 8} to 9} Crossbred 61 to 6} 6} to 81 There was a rise in fine wools of 2d , to 2Jd, while medium to coarse wools were lid to Jd dearer.