WOOL HOLDS FIRM

Dominion, Volume 30, Issue 172, 17 April 1937, Page 10

WOOL HOLDS FIRM

Final Christchurch Sale NO SLACKENING IN DEMAND End-of-Season Offering By Telegraph—Press Association. Christchurch, April 16. The fourth and final wool sale of the Christchurch season was held to-day when 10,728 bales were offered. The sale was the best of the season for this c.itre, and was marked by keen and sustained competition from all quarters. Halfbreds rose up to Id. per lb. on the sale last month, and crossbreds were up to 2d. Practically everything offered was cleared, though the offering as a whole was not attractive. The wool forward was the ordinary end-of-season selection and included large weights of merino from the high country and crossbred from Banks Peninsula and the West Coast, besides a large selection of binned wools and oddments of all sorts. The quality was very mixed. From the beginning it was apparent that there was no slackening in the demand which has made recent sales in the North Island so .successful, and all quarters came into the market with a will. The local mills, and to a smaller extent Continental buyers, took the merino offering at satisfactory prices. All sections of the trade bid keenly for halfbreds, and British, Continental, and Japanese buyers competed to make the sale of crossbreds easily the best of the season. For crossbreds the differentiation between the various grades was again remarkably small. Piece wools of all sorts were eagerly bought by the Continent at excellent prices. Seedy fleece wools and inferior oddments were erratic, and at times difficult to sell, but everything else met an exceptionally good market at prices generally above expectations. A few super lots were offered, and top price was 241 <l., which was paid for four bales of halfbred, included among the reclassed lots in Dalgety and Co.’s catalogue. Four bales of halfbred from the Lincoln Hills clip of Mrs. Wilson (Mount Somers) made 24d. The best price for Corriedale, of which very little was offered, was 23-Jd., paid for eight bales of ewe from H. Ensor’s Double Hill clip. Merino made up to 231 d., that price being secured for a binned lot. Crossbred made to 20 ; ]d. The range of prices, compared with those at the last Christchurch sale, is as follows :—

FINAL DUNEDIN SALE Prospect of Good Prices Dominion Special Service. Dunedin, April 16. Current market conditions suggest that the final wool sale of the 1936-37 selling season in Dunedin, which will be held on Monday afternoon, will be the best auction of the season. Recent sales have disclosed a market firm on late rates in Dunedin, and conditions in other selling countries indicate that buyers have not yet secured their full requirements. Crossbreds are still commanding good prices, and there is a healthy inquiry for good fine wools. For this reason it is to be regretted that local growers can find only 9000 bales to place before the buyers next week. The wool to be sold represents oddments and the final washing-up of the stores, but it also includes one or two good lines which should attract keen bidding. Monday's catalogues .will bring the total quantity sold in Dunedin for the season to just over 100.000 bales.

April d. 16. d. March 13. d. d. Merino, 74/70, 60/64: Super 194 to 21J 20 to 22 Average 174 to 194 17 to 19} Infcrioi' 13/ to to 164 Corricdale: Super 22 to 204 to 09.1 Average 19 to 214 to 20 Inferior 16 to 174 15 to 18 Fino h a If 1) red, 5S. 50/58, 5( Super 22 to 24] 214 to 241 Average 194 to 214 19 to 21 Inferior 14] to 184 144 to ISA Medium lialfbred. 50/56. 50 Super 204 to 21$ 1111 to 21] Average ISA to 20 171 to 19 In fori nr . 15 131 to 17 Kxtra line crossbred, 48/50: Super 2(1 to 20" 174 to 19 Average 181 to 19] 164 to 17-J Inferior 16 to 18? 154 to 163 Fine crossbred, 46/48: Sunor 19] to 20; 17 * to IS to 19 ' 16 to Inferior 16 to 17 14} to 154 Medium crossbred. 44/46: Super IS? to 201 17] to 184 Average 17] to 1 s 16 to ■j to to 154 Bellies and pieces, merino: Good to super . 17 to 20 J 15 to 20? Low to medium 12$ to 164 124 to 144 Bellies, lialfbred: Good to super . 14$ to 16 14 to 154 Low to medium 124 to 14/ 121 to '13 A Pieces, lialfbred : Good- to sum-r . 14] to 16 14 to 154 Low to m-Jiuni 124 to 14.’. 12? to 131 Bellies ami ■<. crossbred: Good to • 14 to 16.'. 12 to 1 .'kA Low to ..!H 9 (o 13’ 104 to 11] Cru tellings . Halfhred Medium to good 124 to 15 12 to 15 Inferior and seedy 9/ to 11 94 to 114 < 'rossbred— Medium to good 12 to 144 12 to 15 Inferior and secdv 10 to 114 10 to 114 Locks: Merino 10/ to 12$ 83 to 11}