CHRISTCHURCH WOOL SALE

Evening Star, Issue 21630, 27 January 1934, Page 9

CHRISTCHURCH WOOL SALE

FINE QUALITIES FIRMER KEEK CONTINENTAL INTEREST [Per United Press Association.] CHRISTCHURCH, January 26. The following is the official report of the Christchurch Woolbrokers’ Association:—“ The second wool sale of the season was held to-day, when 27,585 bales wore submitted to a full attendance of buyers. There was a good selection of fine quality wools, most of which were light in condition, and also a fair proportion of tender and dusty lots due to the dry winter'and the consequent shortage of feed. Wool suitable for the Continental market met with an excellent sale at well above the December levels. Good support was provided by Japan and 'local mills, who competed keenly for super, lots. Bradford limits were evidently too low for the market ruling at the commencement of the sale, and their purchases were mainly confined to the lower grades, but as the sale progressed values receded, and Bradford operated more freely. Growers generally mot the market well, the bulk of the offerings being cleared at auction.” RANGE OF PRICES. The following is the official range of prices :• — Merino, 64/70, 60/64 — Super., 20Jd to 22$d. Average, 18d to 20d. Inferior, 15Jd to 17id. Corriedale — Extra super., to 27Jd. Super., 21d to 24d. - Average, 19d to 20£cl. Inferior, 16d to 18d. Fine half-bred, 58, 56/58, 56 Extra super., to 26|d. Super., 22d to 24d. Average, 19d to 21^6, Inferior, 16Jd to 18d. Medium half-bred, 50/56, 50— Extra super., to 23d. • Super., 20d to 22d. Average, 18d to 19Jd. Inferior, 15d to 17d. Extra fine cross-bred, 48/50 — Super., 145 d to 17d. Average, 12d to 14Jd. Inferior, lOd to lljd. Fine cross-bred, 46/48 — Super., ll|d to 14d. • Average, lOd to Hid, Inferior, 8d to 9Jd'. Medium cross-bred, 44/46 Super., 9|d to lid. Inferior, 6Jd to Bd. , Bellfes and pieces—• Merino good to super., 17d to 21id. Low to medium, 14d to 16id. 1 - Bellies, half-bred— Good to surier., 16d to 17|d. Low to medium, 13d to 15Jd. Pieces, holf-bred — Good to super., 18d to 22Jd. Low to medium,. 14d to 17|d. Bellies and pieces, cross-bred— Good to super., 9d to 14d. Low to medium, 6Jd to BJd. Crutchings— Medium to good, 7sd to 144 d. Inferior and seedy, 5d to 7d. Locks— _ Merino, 9]d to lid. Half-bred, BJd to 10R1. Cross-bred, 6d to 6|d. TOP PRICE, 27* PENCE , HIGHEST FOR SEASON CHRISTCHURCH, January 26. A steady advance in fine wool prices since the first Christchurch sale on December 12 invested the second auction to-day with unusual interest. On ah average good half-bred and Corriedale wool was higher by 2d to 3d per !b and merino by 2d. Fine cross-bred was also distinctly better, but coarse crossbred was little altered on the first sale. The Wanganui auction last week showed an easing on the preceding Wellington sale of Id to 2d for coarse wools, and this easing was apparent today in this class, which, however, formed a very small proportion of the total offering. For more than 85 per cent., of the catalogue there was an animated and consistent demand from the outset, with a 97 per cent; clear-, ance of the total catalogue. The top price to-day was 27id paid for Corriedale, this being the highest price realised in New Zealand this season. It was paid for four bales of the wellknown llydal Downs clip of Mr Edward Ensor. The catalogue was a better one than at the first sale, but there was a larger proportion than usual of, dusty and tender wool, due to the changeable season. The bigger proportion of high country clips, however, gave the character of the offering a generally better quality. Some of the most stylish clips of the province being included. In the last three catalogues offered, comprising 7,500 bales, which included a larger proportion of cross-bred wool, bidding was less animated, and there was an easing tendency at this stage. Competition from Bradford buyers was more noticeable, although the Continental demand was sufficiently sustained to prevent any appreciable drop in values for classer wools. Passings were proportionately greater than in the earlier part of the sale, but in the aggregate they amounted to scarcely 3J per cent.