STRONG WOOL MARKET

Dominion, Volume 28, Issue 284, 28 August 1935, Page 10

STRONG WOOL MARKET

Christchurch Oddments Sale

CONTINENTAL DEMAND

By Telegraph.—Press Association.

Christchurch, August 27.

The more encouraging prices recorded for wool at crutcliings and oddments sales in the North Island this month were fully realised at a supplementary sale held here to-day. There was a good attendance of buyers, and for selected descriptions competition was active throughout at prices showing a considerable advance on those ruling for similar types at the end of the season.

The offering was 2100 bales. The main competition was for better sorts of fleece aud pieces, which were in limited supply, and for better crutchings, particularly for crossbreds and half and three-quarter-breds where they were not too heavy. For the best sorts there was a very active demand, in which all sections of the trade shared.

For crutchings tiie value was 2d. a pound up for sorts that were wanted. Fleece wool was definitely dearer, but as there was so little of regular quality it is a little difficult to say exactly how much. In a number of instances wool which was passed in earlier in the season at Bd. or 9d. made lid. or more, but for fleece and pieces the sale was erratic, following quality very closely. At auction the passings were heavy, but there was little of the wool offered in the saleroom and not sold which was left in brokers’ hands an hour after the sale. In many instances growers appear to have an over-optimistic idea of the strength of the market, and many lines were passed in because they were held to limits not justified by the actual state of the market. As was the case at the main series, the Continent was active for betterclass pieces, selected crutchings, and such of the fleece wool offered as showed quality. Local scourers and fellmongers, who are generally the mainstay of a supplementary sale, found that the Continent and Bradford were both strong competitors. The best price for the sale was 13d., which was paid for one bale of halfbred. For two bales and four bales of similar wool, 12Jd. was paid, and 12d. or better was paid for several lots. Any fleece wool of good quality had little difficulty in making lid. or more. Half-bred necks made up to lljcl. The price for the better crutchings offered was from 6d. to 84d., and little was sold below 4d. Crossbred crutchings were worth up to 7d., but the range for better sorts was from 4jd. to 6}d. Even locks sold well, and little wool of any description changed hands at less than 3d.