WOOL MARKET

Gisborne Times, Volume LXX, Issue 11131, 14 February 1930, Page 5

WOOL MARKET

CO-OPERATION MOVEMENT A BRADFORD' OFFER . United Press Assn, by El. Tel. Copyright LONDON, Feb. 12. Mr Maurice Durrelle’s suggestion for the organisation of the wool industry was favorably received in Bradford. It has long been felt that the Wool Federation has not been working so completely as it might do if Dominion wool growers were represented at yearly conferences. Tho secretary points out that countries wishing to join must apply. CHRISTCHURCH SALE 1 )EMAND MAINTAINED (Press Association.) CHRISTCHURCH. Fob. 13. ' The third Christchurch wool sale of the season concluded yesterday. The improvement in the market recorded on Tuesday was fully maintained and all good classes of fine halfbred and crossbred were kept at a level of about one halfpenny per lb., above the rates recorded at Timaru, whilst medium grades and pieces maintained the best of Tiuiaru values, with a hardening tendency. Another satisfactory feature was that wool was sought after by a larger buying circle. There was greatly increased activity on the part of Bradford, while America and Australia wore also prominent, but French buying was much reduced, and German operations . were also less noticeable. ’Hie top price of the sale was 133 d for ten hales of Corriedale e.a.o. Glenafric brand. Eight bales of Lamrnemoor Corriedalo made 13£d, and l.’J of White Rock, mainly Corriedale the same. The best lia-lfbred price was 13Id for six bales of Thorndale over GB. The highest merino price was 113 d for eight bales of Algious clip. OFFICIAL RANGE OF PRICES Tho official range of prices at tho Christchurch wool sale was as follows : Merino, (54/701b., (50/04lbs. super, 10;Vd to ll^-d.; average, 9d to 101 cl; inferior, 7d to STd. Corriedale: Super, 11-id to log!; average, 9ld to ll : }d; inferior, 8d to 9d. Fine halfbred: Super, llid to 13id; average/9-i-d to llj-d; inferior, 7-id to 9d. Medium halfbred: Super, lid to 13d: average, 10-i J-d; inferior. 7d to Bid. Coarse halfbred: Super, 9id _to lid; average, 8.1 d to 9.1 d; inferior, 7d to Sd.

Fine crossbred: Super, 9d to 93d; average, 7.3 d to 83d: inferior, Ojd to 71 d.

Medium crossbred: Super, 8d to Bjd; average, TRI to 72(1; inferior, Gd to 6j}d. Coarse crossbred: Average 7d to "3d; inferior old to Gjd. Bellies and pieces: Merino, good to super, 7d to 8d; low to medium Gd to (>3 d . Bellies: Half bred, good to super, Gd to 7t’(l ; low to medium od to ojd. Pieces, half bred : Good to super, 8d to 9-’rd; low to medium, 4 yd to 7RI. Bellies and pieces: Crossbred, good to super, sj-d to Bd. ■ Crutchings : Medium : tq good, :od to G.pl: Inferior and seedy, 2Vd to 4d Locks : Merino, old to 4^cl; Halfbred, Gel to 4Ad: crossbred 2tcl to 3.1 d. SYDNEY SALES. MARKET FIRM AT BEST RATES OF WEEK. United Press Assn, by El. Tel. Copyright (Received Feb. 13. 9.25 p. 111.) SYDNEY. Feb. 13. At tlie wool sales tlie offerings were 8457 bales, of wliieb 7972 bales were sold, and also 317 bales privately. There was good general comntition and the market iirm at the best rates of the week, witli a particularly keen demand for finer descrintions. Greasy merino realised 22) d.