WOOL RECOVERS

Sun (Auckland), Volume IV, Issue 945, 11 April 1930, Page 11

WOOL RECOVERS

KEEN BUYING IN FINAL

SALE AT WELLINGTON

DUNEDIN RATES EQUALLED Press Association WELLINGTON, Thursday. An advance in prices at the final wool sale of the series held at Wellington today coincided with the brighter

outlook reported at the March-April sales, which closed in London on Wednesday with prices at the highest point of the -series. The offerings today totalled approximately 6.000 bales, which is the usual amount at the final sale. Included was

a good deal of shabby and seedy wool, but there were also a number of fairsized clips in good average condition, some of which has been withdrawn from earlier sales. Much of the wool was well suited to Continental requirements and in striking contrast to previous sales, competition was exceedingly animated. Buyers, notably those representing Continental houses, displayed great keenness. As one broker remarked, “Bradford was not out of the picture.” When wools favoured by Continental buyers were offered it was noticeable that Germany and France eagerly snapped up lot after lot. In one catalogue the name of one German buyer was marked as the buyer of nearly every lot in one page. Germany was described by a broker as the “mainstay of the sale.” While prices generally were about on a par with those at the last Dunedin sale they showed an advance compared with those of the March 21 sale at Wellington of Id to lid for crosbreds and for pieces and bellies. Lambs’ wool, too. shared in the advance practically to the same extent. Reviewed in conjunction with the results of the London sales today’s auction indicated that the corner had been turned in respect of wool values and that the demand has greatly improved. The following is the official range of prices at today’s sale, prices at the

WOOL TRADE CRISIS GENERAL STOPPAGE FEARED LOHDOIC, Thursday. The employers in the wool textile industry have refused to meet a deputation from the Trade Union Congress to the wages crisis. The workers offered to accept a S per cent, reduction in their wages. This the employers rejected, insisting upon a 9 per cent, reduction. * It is feared that there will be a general stoppage of work in the industry tomorrow. If so, it will affect 150,000 operatives. MATAMATA STOCK SALE Dalgety and Company, Limited, report having held their usual fortnightly stock sale at Matamata on Wednesday, when a small yarding of both fat and store stock came forward and met with fair competition. Light fat heifers made £6 10s to £7 15s; others, £ 5 to £5 las; light fat cows, £6 to £7; lighter sorts, £5 to £5 10s; boner and store cows, £3 to £4 10s; cows with vealers at foot, £7 14sothers,- - £4 15s to £5 2s 6d; Shorthorn empty heifers, £3 14s; Jersey cross three-year steers, £7 10s; other small steers, £4 4s; I-lolstein steer calves, good, £3 7s 6d; bulls, £4 10s; springing Jersey heifers, £8; second calvers, £6 10s; light fat ewes, 13s. There was a large yarding of fat pigs. Medium baconers made np to £ 3 11slighter ditto, £2 12s to £3; stores sold freely, larger stores making up to 37s 6d; slips, 19s to 27s 6d; weaners, 11s to 15s 6d.

sale on March 21 also bei Tig given:March 21 April 10. d d d d Extra Fine CrossbredSuper — 02 to 103 Average 7£ to 8} 8 to 91 7 to S Fine Crossbred — Super . . R to o 01 to 10} Average 7 72 S to 91 Inferior 5} to 01 61 to 71 Medium Crossbred— Super S to S’ 9i to Average _fi,3 to 7 a to Inferior Coarse Crossbred — to o* 61 to '•'2 Average f.J to 71 71 to Si Inferior b to 0 k to 7.1 Low Crossbred—* Super SI to Si Average .. .. . . to 71 7 to S Inferior to 6 51 to 61 Hoggets—• 48-50 71 S to 91 Fine '• i 71 to Lambs’ Down— to 9 to 50-56 Fine 71 to to 101 8 to S to 91 101 Medium Seedy and 6A to 8 — inferior to 51 41 to 7 Crossbred Bellies and Pieces— Good to sup^41 6 --r Low to medium .. •a to 4 Si to 5 Cru tellings— Medium to good . ■1 51 Inferior and seedy Locks— to SI to 4^ Crossbred 21 to 31 21 to 31