THE WOOL MARKET.

Taranaki Daily News, 8 January 1921, Page 5

THE WOOL MARKET.

SALE AT WANGANUI SLIGHTLY BETTER TONE. By Telegraph.—Press Association. Wanganui, Jan. 7. At the Wanganui wool sales there was a good attendance of buyers from all the Bradford houses, New Zealand representatives being present also and three or four operating on account of American wool spinners. Dominion wool scourers and fellmongers were present. The wool offering was generally not of a very high standard, not too wellgrown, the stable inclined to be thin, tender and seedy. Apparently much good wool in the district is being held for future disposal. Only a small proportion was fit for the American demand, prices ranging from 9d to 10|d The bulk of the wool was Bradford topmaking sorts, and this elicited more general competition than at earlier sales in the Dominion, which caused medium and low crossbreds to advapce about |d on the last Wellington sales. Lambs’ wool was freely sought at 9d to lid for the best. Second %nd inferior were not in demand. Bellies and pieces sold at some advance on the previous ruling rates. The range of prices was:— Southdown lOd to ll|d; crossbred, fine B|d to 10|d; medium 6d to 8d; coarse 4d to s|d; inferior and seedy 3d to 4d; pieces and bellies 3d to 4fd; docks Id to 2|d; crutehings 2d to 2£d; lambs, good 9d to lid, medium 6d to 7d, inferior and seedy 3d to 4d. NEWS OF FIRST SALE OPINION IN ENGLAND. By Telegraph.—Presa Assn—Copyright. Sydney, Jan. 7. The London correspondent of the Herald, referring to the English wool trade, says: “The news regarding the first sale of the season in New Zealand is a wet blanket on the market. Christchurch never sent over a worse cable. Considering that prices are only half the appraisement values New Zealand growers got a nasty knock. The initial sales do not augur well for the new clip. Prices all round are the same as those ruling in Buenos Aires.”—Aus.-N.Z. Cable Assn. CROSSBRED WOOL DISPOSAL. Melbourne, Jan. 7. Representatives of crossbred woolgrowers, at a conference, passed the following resolution unanimously: “In view of the great difficulty being experienced in the sale of crossbred'wool, an Australian crossbred wool committee be appointed for the purpose of* forwarding the interests generally of crossbred growers; also that a crossbred wool pool be formed.”—Aus. and N.Z. Cable Assn.