VALUES HOLD.

Auckland Star, Volume LXVIII, Issue 26, 1 February 1937, Page 8

VALUES HOLD.

DEMAND FOR WOOL

CHRISTCHURCH SALE.

JAPAN OUT OF MARKET. STRONG BRADFORD BUYING. ' i The absence of any marked Japanese competition had a depressing effect at the second Christchurch -wool sale held to-day, but fine wools were firm to a shade easier on values at the December sale. Crossbrcds held their values, and in some cases rates were better than those ■' ruling at the recent Auckland rale. Offerings totalled .30,092 bales, and comprised mainly ewe wool. The wool was not in such good condition as that offered at the first Christchurch sale T bein r r heavier and showing more signs ; of weathering. Bradford, the Continent and local mills I secured much of the finer lines, with American buyers in the market for pieces. Buying was restricted, four or five buyers taking the bulk of the wool. The sale opened slowly and during the first hour only 370 lots had been disT posed of. For the best of fine wools and for crossbreds there was a good demand, but for medium and inferior lines the demand was dragging. Halfpenny bids were common for the best of the wool. A Sobering Effect. The absence of Japanese competition had a sobering effect on the upward trend of half-bred values, and, although the isale for this class of wool generally was a good one, values were no more than firm. Had Japan bought in any quantity a further rise would probably have resulted. Inferior wools were not wanted and sold at easier rates. Japan took only selected lines, and then only a few. Bradford buj-ers were active throughoift. However, local mille secured some of the best lines. * Choice Lines Reach ass<L _ The first catalogue, comprising 8936 bales, was sold in just three hour*! . The passings totalled only about -330 bales, or under .*5.."> per cent.

Tlip, best price for half-bred in the' catalogue was 25!Jd, paid for 47 bales branded ROA. Sixteen bales of super half-bred from the clip of Vavasour Brothers (Blenheim), made 25Ad. Corriorlale also made 25Jd. this pries being paid for tops of lfi bales of super ewe in the Croftlea clip of Mr. Alan Pithie (Hind*). Seven bales of super ewe from Sir Heaton Rhodes (Otahuna) made 25:} d.