BETTER PRICES

Gisborne Times, Volume LXX, Issue 11126, 8 February 1930, Page 5

BETTER PRICES

INCREASES AT LONDON WOOLSALES ~ ADVANCES RANGE UR TO 71PElti CENT. N..Z CLIPS WELL REPRESENTED Halted Preie Abmi. by 151. Tel. Copyriebi -LONDON, Feb. 0. The wool sales closed to-night. The catalogue totalled 127.164 bales, including the Punta- Arenas and English clips. About 92,000 bales of Australian and New Zealand wool were sold, of which the house trade took 50,000 bales, the Continent 40,000 bales, and tire United States 1000' balesi - 65,000 bales were held over, including 45,000 bales which had not been offered. All prices had improved compared with the opening rates. Fine and medium greasy merino closed 7} ver cent, higher. Scoured wools wore 71 per cent, higher, except faulties, which were 2-1- per cent, higher. Crossbred generally were par to 5 per cent, higher, scoured and islipes generally 5 per cent, higher, lambs and greasy merinos (good) a shade higher and inferior sorts unchanged. Greasy crossbreds wcroi 2.} per cent higher. At to-night's final auction 354.2 bales were offered including 1301 bales of New Zealand. The approximate sales ver© 7445 hales, and Wednesday’s actual sales were: Australian 7304- bales and New Zealand 615 bales. New Zealand crossbreds, greasy, slipes and iscourecls, sold at full previous values. Bradford tops business to-day was restricted by the higher quotations. Quotations: Sixty-fours 296,; sixties, 27d; fifty-sixes, 22d ; fifties, 181 d ; forty-sixes Hxl; forties, lo.Vd.

BROKERS’ REPOI!TS The New Zealand Loan and Mercantile Agency Co. Ltd., are in receipt of the following cable from their London house, under date Fell. 7: Tho wool sales closed with a fairly firm tone to-day". As- compared with last sales closing rates prices are lower about 15 to 20 per cent, for merino lambs and crossbred, fine crossbred, crossbred slipe, greasy merino medium, scoured merino medium ; lower about 20 per cent, merino inferior, ineidum greasy crossbred; coarse greasy crossbred, medium scoured crossbred, coarse scoured crossbred,; lower about 10 per cent, scoured merino medium',; lower about 15 per cent, scoured merino super. Idle demand has improved. Prices realised for average to super grades of descriptions as below were as follows: Merino, average 10-ld to lid; crossbred 56/5 S’s. 12.1 dto 15(1; 50/56’s, 12ld to ltd ; 48/50’s, lid t-o 12d; 46/48’s. 10}d to 11-Jd ; 44/46's, 10d to lid; 40/44’s, 9Jd to 101(1: 36/40's 9.kl to 10}d. SECOND SOUTH CANTERBURY SALE. PRIDES BETTER THAN DUNEDIN. ADVANCE OF UP TO ONE PENNY. (Press Association.-* TIMARV, Fob. 7. Tlu* second South Canterbury wool sale of the season was held this afternoon. when 14,439 bales _\vcre offered, compared with 22,4 <0 bales at the corresponding salt* last year. Tim decrease in the offering may bo attributed to vet weather delaying the shearing, and to some growers holding their wool meantime in con-, sequence of the weak - market and the low prices offering. Generally speaking, the offering was not up to tho usual standard, the unreasonable weather resulting in a hig proportion of the wool being tender. Super lots are really lew and tar between. A lull bench of buyers bicklod spiritedly, but did uql appeal prepared to exceed their limits. Compared with the Dunedin s ale on Wednesday, prices for merino were a penny dearer. liall-breds were a half-penny to throe-farthings dearer, and three-quarters and crossbreds n half-penny dearer. Piece wools elicited keen competition Ironi Continental buyers, and were about a penuv dearer.

"Fully 80 per cent, of the wool was sold lit auction, the bulk going to tho Continent, though Bradford and the Dominion mills competed keenly for suitablo lots.

Following is the range of prices:— Merino: Extra super up to lid, super Hid to 13d, average Bid to Lid. inferior 8d to 9}d. Half-bred: Super 12d to 13}d, average lOd to lid, inferior ,7-2 dto 9Sd.' , , , Three-quarter-bred: Super 9u to lid, average 7}d to 82d, inferior 6d to 7d.

Fine crossbred: Super J.Od tu_ lid, average B}il to 9}d, inferior 7d to B}d. Medium crossbred: Super fid to lOd, average 7-}d to B.Jd, inferior 6sd to 7id. Bellies and pieces: Merino, good to super B}d to lOd. .low to medium 7d to B}d ; half-bred, good to ■super 3d to I.o}d, low to medium* Cd to 7i(d; three-quarter-bred, good to super 6d to B}d; low to medium, 4d to isd.