WOOL PRICES

Dominion, Volume 14, Issue 61, 6 December 1920, Page 6

WOOL PRICES

A REPORT FROM LONDON

IMPERIAL GOVERNMENT'S RESERVES

•-.'■• A cablegram Teceived by the Prime Minister (IU. llassey) from the Director-General of Raw Material states that ,tho remand -for crossbred -wool at the ' London November wool sales was very limited,", parficnla.rly for the coareer qualities. The DhWor-Qcnoxnil of Raw Materials.' advises tlifei hid reserves wflro based- oa approxiftiatcly the following, prices for A and B grade average comb-" ■rag: greasy wools.'-

BO'b-64's Merino 21 to 26 ; ':S6's-58's Half bred • 20J to 2Gfr 48's—50's Fine crt>6sbred. 17J to 2fl| Medium' crossbred ... 15 tn IGj S6's—ifl'a Coarse crossbred 13} to 14} ;The .Director-General of Raw Materials adds Hint it is his intention ,to fix his limits for greasy fleece wool 4t's to 46's nud bcktw at the December sales at the pet, New Zealand appraisement prices without any addition for charges. TfcjSe are approximately :— /■'■... . ' , d. d. 4-4's-46's : 15} t0,17 S6's-40's .'.- HJto.lsl ■■: .The following are"<the price* at which the Diresior-General of Eaw Materials estimates wool would sell freely:— d. d. GO'S—6t'6 Merino 24 to 26 ' 56'6-58's Hnlfbrod 19} to 25} "48's—50's Fine crossbred .153 to 18J 44's—4G's Medium crossbred ... 124 to 14 SB's—4o's Coarao crossbred 10} to Hi "The present indications ore that the first, wool sale of the season in Dunedin, irhioh was fixed for December 14th; will act)' lake place,"- stays the Dunedin "Star." lit is understood that buyers hare so far no , definite instructions •from their principals >to buy, and tho probabilities ore that) there would bo a very small offering'. Tho first Christ,.church sale was a fiasco, but another, is to be held there on Tuesday, and this may give growers some indication of what is likely to happen. Should .it be. decided to cancel the December sale in Dunedin, the first We will bo ' -that fixed for the following month."