WOOL POSITION

Evening Post, Volume CXVI, Issue 142, 13 December 1933, Page 12

WOOL POSITION

CHRISTCHURCH SALE

GROWERS' VALUATIONS

(By Telegraph.—Press Association.) CHRISTCHURCH, This Day. 1 %he hopes of growers were fully realised at the wool sale. There was keen competition throughout. Buyers from nil countries ', were, anxious to obtain wool. Although the growing season had not ■ been a favourable one, and this was rejected in the condition of some of the wool offered for sale, there was some really ' good wool offered. The wool was lighter and more dusty than usual, nnd in some ' cases tender, but it included a bigger pro- ■ portion than usual of halfbred wools. Coarse wools were from %d. to fid a 1b , ]o\ver than at Auckland last month, but . the wool was heavier and the basis of ■ actual values was only slightly , lower. Halfbred wool, of which the Christehureh ' sale ia the first to have ,any great quantity, was quitted at prices'exceeding the ■ most sanguine expectations of the brokers. ■ Occasionally farmers set their reserves too ■ high, and passings over the first two cata- • logues represented 7 per cent; of those , offerings. , BRADFORD THE MAINSTAY. : ' The main buying elements were the ' Continent, Japan, and Bradford, with local ■' mills taking a good proportion of the ; •super wools. However, local competition. ,< was confined to fewer mills than usual, | • and top price of the day was paid by a. British firm. French representatives were, prominently in the market for fine pieces, Japanese agents for fine fleece; and Brad- ' ford for nil classes. Indeed, the Brad-" : ford demand was the main factor in the "substantial recovery in the price of medium 1 crossbred wool. Passings over the whole sale totalled- , Jess than 10 per cent-., but were unevenly. , distributed. In the first three catalogues '. offered they were 5 per cent., but in the -fourth catalogue, a small one, they were about 28 per cent. .' i HIGH ADVANCE ON LAST SALE. The range of prices, showing first the values at the sale held on March 21, 1933, ■ and prices at the auction yesterday, emphasises the striking advance in returns ' and compares as follows: —

; Mar., 1933. Dec, 1933. . ' Jlerlno — ■ d. d. d. ■ d. Extra super . to II 1,-. to 19'/i. ■ Super !)>i to 10% 17>i to 18% , Medium 7U to fl 15 to 17 , Inferior .... 5% to 7 11% toll . ■ Corricdale— . " » . Extra super ...■ — — 22 .to 23% Super- 10. ..to, 11'i 1S% tn-2l Medium' ' .... 8'4 to »»i • '16»i to'18 '■ jnferinr- ' ..... C'i to .8 ./ c Hli to 16% ' Fine- half bred,' 56-58— ' " : Kx'tra 'super '.'. " to 12' " fo 21',-S : Super 10U to 11 IS to ■]»% • Medium- .... 8% to in ■ lfii.i to 17=4 Inferior 6',i to S ■ ■ 11V4 to 1G [ jrediura halfbred, 50-5G— Extra super .. — — to 10 Super 9',i to 10'i 17 to 181/! Medium ,... T-% to 9 14 to 16»A ' Inferior ' .... 5'A to 7Vi l'l'/i to 13V- , Xxtra fine crossbred, 48-50-r , ! Super-■".";'./.." Ji.i to 8^4 ' 'l4Uto'lii% Medium ...'. 6 to 7 ' 11% to li Inferior- .... 4 to f)%, 'OU to 11 Fine crossbred, 46-48— ■ Super .;.... r>Vi to n% n% to 13 Medium .... <1'4 to 5% fl to 11 Inferior .... 3 to 4 7y t to 8% Medium crossbred, 44-4G— Super 4 to 43i 0 to 10VMedium .... 3 to S»i 7'/. to Sgi Inferior .... 1% to 2% 6 to 7Vs Pieces— Good to super . 7V> to in II to' 18'/. Medium .... i\L to 7U 9. to 13" Bellies— . v Hood . 5iJ to "7U . lli^ to 14-74 Low to medium 41*, to 5H 8 to 11 Crutchlngs— Medium to good 2% to 4^ 7 to lOy. Low to medium 1 to 2>/i 4% to 6 " Xocks— Beat 2% to 3% 0% to RiJ Super to med. 1 to 2^. 4i4 to 5