WOOL MARKET

Hokitika Guardian, 9 December 1930, Page 6

WOOL MARKET

NO IMPROVEMENT. v ßy Telegraph—Per Press Association WELLINGTON, December 8. There was no improvement in prices at to-day’s wool sale here, which was mia.rked by heavy late withdrawals and frequent passings. There was animated competition within very restricted limits. Attractive lines were keenly sought, but the price was usually between 4|d and 6d. Very seldom was much bidding above 7d. . The highest price was for a few lots of merino, eight bales of merino selling at 10d, while eleven bales of super comebacks feyire made 10Id. Other Marlborough lines of similar descriptions made 9£-d. These riools were superfine and were purchased by local mills. The quantity catalogued was 18,040 bales. The withdrawals . reduced this to about 6,500. The quality was below the average, showing signs of the unfavourable winter. The held-over wool opened up stale in looks.- The buying was more general than at the earlier sales. Bradford and Canada were the principal buyers of super crossbreds. There was some buying by Japan, and. it is said that some wool was taken on behalf of Russia.

The official t;ange of prices at today’s sale compares with Wellington closing rates of last season as follows,., last April’s prices being given lilrst: Merin'o, 04/70, .60/64, super none, 9d to lOd; average 8/d t<o 9/d, 6d to 8/d; inferior 7d to Bd, 4fd .to 5/d. Cornedale—Super, none offering, none offering; average 9d to lid, none offering; inferior 7d to 7/d, none offering. Fine, halfbred, 56/58, none, 8d to 8/d; average 8/d to 9/d, 6dl to 7/d ; inferior, none, 4/d to 5/d. Medium halfbred, 50656, super. none, none; average 8/d to 10/d, 6d to 7/d; inferior, none, 4d to 5/d. Extra fine Crossbred. 48/50, super 9/d to 10/d, 6/d to 75d average 8d to 9/d 5d to 6/d; inferior 7d to Bd, 4d to 4/d. Fine crossbred, 46/48, super 9/d to 10/d, 6/d to 7/d; average 8d to 9',d, 4/d to 6/d; inferior 6/d to 7/d, 3/d to 4/d. Medium crossbred, 44/46, super 9/d to 9/, 6d to 7/d; average 7/d to 9d, 4/d to sd; inferior 6/d to 7id, 3d to 4d. Coarse crossbred, 40/44, super 8/d. 5/d to 6/d; average 7/id to 8/d. 4/d to 5/d; inferior 6d to 71 d, 2/d to 4d. Low crossbred, 36/40, super 8/d to 8/d, 5d to 5/d; average 7d to Bd, 3/d to 4/d; inferior 5/d to 6/d, 2/d to 3d. Hoggets, 48/50. 8d to 9/d. 5/d to 7/d : fine 46/48, 7/d to 9/d, 5d to 7d; medium 44/46, 7/d to Od. 4d to fid. Lambs’ dbwn 50/56, 8d to 9/d. 6d to 6?d;. seedy and inferior 4/ to 7d*. 2d to 4d. /Bellies and pieces'—Merino good to super, none offering, 3d to sd; merino low to medium, none offering, none ; halfbred. o-nod to super, none offering, 3/d to od; hnlfbreVl low to medium, none, none: Crossbred, good to super 5/d to 7/d 3d to 5/d: crossbred, low to medium 3/d to sd, 1/d to 3d. Criitcbjngs. medium to good 4/d to 6/d. 3d to 4id: inferior and seedy 3/d to 4/d, Id to 2 Id. Locks, merino none, none: halfbred. none, none; crossbred 2/d to 3/d, Id to 2d.