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CHRISTCHURCH WOOL SALES.

A WEAKER DEMAND. In past years it has been the invariable custom to open the Christchurch series of wool sales on the Thursday following the province's Carnival Week, but this year the date originally fixed was a week earlier, namely, Thursday, November 13, in the midst of the annual festival. Owing to labour troubles and other causes it was at the last moment dedecided to postpone the sale until Friday, November 21. The industrial strife, however, still continued, and as there was little sign of peace being concluded within a reasonable time, it was ultimately decided to abandon the fixture altogether, and consequently the sale originally intended to be the second of the season actually became the opening one. This was opened at the Alexandra Hall on Wednesday morning at nine o'clock, when catalogues aggregating 14,409 bales were submitted by the seven firms taking part in the sale. The passiDg of the American Tariff Bill, abolishing the duty on wool and many other commodities, was looked forward to as the opening up of a new and brighter era in the history of the commercial relations existing between the co!onie3 and the United States, more especially as far as wool was concerned. The wool grower argued that if the great republic were able to take a considerable amount of wool in face of an import duty of 5Jd per lb., it was only reasonable to anticipate that with the tariff barrier entirely swept away a much larger quantity would find its way to the land of the Stars and Stripes, whose flocks are inadequate to supply the needs of its population of 100.000,000. Considering the fact that the earlier sales had been abandoned, the aggregate offering, 14,409 bales, was a sur nrisiogly small one, the smallest, indeed, for a decade. Usually at the opening sale of the season from 8000 to 8000 bales are offered, but although these were carried forward to Wednes day's sale the aggregate was 8282 1 bales below last year's total, 1673 bales below 1911, 3710 below 1910, and 6338 bales below 1909. This was mainly due to the disorganisation of trade in consequence of the strike,

bat was also in part tbe result of un« favourable weather conditions having prevented shearing operations. The following table gives the prioes ruling for the various grades and classes of wool at tbe second sale of last Reason's series and at that held on Wednesday ;— December, 1912 1913 Merino— d. d, d. d. Super .. 11* to 13 12 to 18 Medium to good 10±.to 11£ 10£ to lljf Inferior .. OJ to 10 — Half bred— , ,„ Super .. 12 to 141 llfc to 18 Medium to good lOJtollJ 10 toll Inferior ... 9i to 10J 7J to 9J Three-quarter.bred— Super .. Hi to 13fc — Medium to good lOJtoll 9 to 10J Inferior .. 9JtolO 1$ to 8| Crossbred— Super .. 11 to IS* — Medium to good 9J to 10* 8 to 9* Inferior .. ■Bto 9£ 74 to 7 J Longwool- .. 8J to iO* Bto 0£ Corriedalc — Super .. 11)10 182 12 tol2J Medium to good IOJ to 11| 10* to 11* " Inferior .. None offer'd 9$ to lOjfc Down Wool .. 11 to 13 9J to 11J Pieoes— Merino .. 6J to 10J-Crofls-bred .. to 11 4} to lOf Half bred .'. 7 to 12J sjf to 10| Bellies .. 7J to 9J '6to 8| Looks .. 4 to fij H to 5| OrUtobiDgs .. sto 8j sto 7J There was a brisk demand up to a certain level, but the' prices taken generally showed an easing of from Id to If d in fleece wool and slightly less in pieces. The selling was kept up at a brisk rate all day, and tho Alexandra Hall was visited by many people who were anxious only to see and bear tbe form of excitable energy that ie peculiar to wool sales.

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https://paperspast.natlib.govt.nz/newspapers/AMBPA19131212.2.11

Bibliographic details

CHRISTCHURCH WOOL SALES., Akaroa Mail and Banks Peninsula Advertiser, Volume LXXI, Issue 4357, 12 December 1913

Word Count
637

CHRISTCHURCH WOOL SALES. Akaroa Mail and Banks Peninsula Advertiser, Volume LXXI, Issue 4357, 12 December 1913

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