THE WOOL MARKETS.

Ashburton Guardian, Volume XLVI, Issue 10689, 13 February 1926, Page 6

THE WOOL MARKETS.

THIRD CHRISTCHURCH SALE. DEMAND GROWS STEADIER. (Per Press Association.) CHRISTCHURCH, This Day. The third Christchurch wool sale of the 1925-26 season was concluded at the Caledonian Hall yesterday, when the remainder of the catalogue ot 20.000 hales was- disposed of. lhere was a large bench of buyers present.' On Thursday night, when 7000 odd bales were sold, bidding was erratic, being spirited at. times and at other times dull. Yesterday the demand was much steadier, and within limits, which were clearly defined, the woo was bought freely. Good-class WQOI met with spirited competition, and the buyers also showed great keenness to secure big bale lots. • • i Bradford were again the principal buyers. They competed steadily throughout. There was also good competition from Continental representatives, but America bought very little wool. Some of the local mills were m the market for the better sorts of line wools, and the competition from them was keen when any lots answering this description were put up. ±ne local fellmongers secured very little wool the competition .of the Continental buyers being generally too strong for them. , , . „ Taking the sale as a whole, prices were lower than those ruling at the last Christchurch sale by up to Id a lb but compared with the Timaru 'sale last week tliey were better, medium wools by about Id a lb and good -sorts by id. These remarks do not apply to merino wool, which was no better than at the Timaru sale, and was up to 2d a lb cheaper than at the last Christchurch auction. * Generally speaking, vendors met the market, and the passings yesterday were again small. They amounted to > bales, and this, with the 600 passed on Thursday niffht, makes a total for the sale of 1720 bales out of a catalogue of 20,000. Everything considered, the sale was a satisfactory one." Prices were somewhat lower than at the last Christchurch sale, but within limits the demand was keen, thus showing that the wool is wanted. Ton price for half-bred fleece wool on Thursday night was 19*d. Yesterday morning this price was beaten when thirtv-four bales of Surrey Hills half-bred made 20d. The same price was paid for. four bales of half-bred sold on account of D. J. Morrpw (Montalto.) For eleven bales of three-quar-ter-bred, Mr Morrow secured the good price of 16Jd. ... Nineteen bales of Surrey Hills merino sold at Mid: Top price for merino on Thursday, night was 19d, and Thursday night's Cornedale figure (19d) was also beaten when seventeen bales of the Otahuna brand made Vd-A. Three bales of merino brand AH were sold for MJd. and the same price was paid- for, four bales of merino brand J on si'de J. , Valetta three-quarter-bred realised 16id for twelve bales. The following is the official range of prices:— , , 1 d. d.

Merino, 64-70, 60-64-Extra super l»i to m Super }7 to 18 Average If Jo }** Inferior n to 14 Corriedale— Super !' *° iy^ Average 131 to 161 Inferior to* to 12 Fine. Halfbred, 58, 56-8, 50— Extra super 181 Jo 20 Super 16* to 18 Average •_••••• 14 to lb Inferior 11 to 13 Medium Halfbred 56-56, 50— Extra super 17* to 181 Super 13 to 1/ Average 13 . to 141 Inferior 10 to 11 Coarse Halfbred 48-50 Extra Super 15* to 161 Super 14 to 15 Average . v . 11* to 13} Fine Crossbred 46-48 Super 13 to 14| Average 101 to 121 Inferior 9 to 10 Medium Crossbred 44-46 Super 10-1 to 111 Average 91 to 101 Inferior. 8 to 9 Coarse Crossbred 40-44 —■ Super 10i to 11 Average 9 to 10 Inferior 71 to 81 Bellies and Pieces— Merino, good to super ... 12| to 16f Merino, low to medium . 81 to 12 JPicccs '' Halfbred, good to super . 121 to 15| Halfbred, low to medium 9 to 12 Bellies— Halfbred; good to super 101 to 12 Halfbred, low to medium 8 to 10 Bellies and Pieces— Crossbred, good to super 8} to 12 Crossbred, low to medium 6 to 8 Crutehings— • m Medium to good 7 to 9^ Inferior and seedy 4 to 6 Locks— Merino •••• 8 to 10 Halfbred * 6 to 7| Crossbred 41 to ol

THE BRADFORD MARKET. LONDON, February 11. At Bradford the tops market is slightly steadier, but business is extremely quiet. Quotations: 64's 46d, 60's 43d, 56's 33d, 50's 26d, 46's 22d, 10's 21d. . THE LONDON SALES. The Department of Agriculture has received the following cablegram from the High Commissioner, dated London, February 10: — The wool sales closed on Tuesday. Offerings totalled 160,000 bales, of which "138,000 were sold; the Home trade taking 70,000, the Continent 62,000, and America 6000. The lower basis of merino pri&es at the commencement encouraged the demand. Scoured •howed most alteration. Cross-bred met good competition and sold throughout at about December rates. The tendency was firm at the close and more confidence was apparent. _ Compared with December rates, merino, better sorts par to 5 per cent, inferiors per cent to 7\ per cent; scoured, good 10 per cent, inferior, 15 per cent, lower. Crossbred unchanged. Average closing rates: —60-64's (merino) Is od to Is 10d ; 56's (super halfbrcd) Is 5-i-d to Is 7d; 48-50's (line crossbred) Is 4d to Is sd! 44-46's (medium crossbred) Is 2£d to Is 3HI: 36-40's (coarse crossbred) Is Ojd to Is 2£dThe next series will commence on March 9.