FINE WOOLS EASIER

Evening Star, Issue 22595, 12 March 1937, Page 8

FINE WOOLS EASIER

COARSE TYPES UP A PENNY THIRD CHRISTCHURCH SALE CLIPS HAVE SUFFERED FROM WET WEATHER [Pbb United Press Association.] CHRISTCHURCH, March 12. Fine wools showed an easing of from 3d to Id a lb on February rates at the third Christchurch wool sale to-day. Fine cross-breds sold firmly, and coarser types were from 1d to I£d dearer. The sale was characterised by animated competition for' all types of wool and general buying, with Bradford and the Continent taking the bulk of the fine wools and American buyers operating freely for cross-breds suitable for carpet manufacture. The local mills were not particularly active. „ , The offering totalled 26,234 bales, and represented the usual types of wool sold at the third auction of the season. In quality the offering did not come up to the class of wool sold at the corresponding sale last year, many of the clips having suffered from the effects of the wet season Very little super wool was included, but these few lines met with keen competition. Much of the wool showed too much yolk stain. A good proportion of the offering comprised back-country clips, with cross-breds from the West Coast and late-shorn Peninsula _ flocks. More piece wools and crutchings were offered than usual, growers having held these types back in their desire to clear the main part of their clips at the attractive prices ruling at the earlier sales. The best price during the morning was 24Jd, paid for four bales of super, half-bred ewe, branded “ Denrae.”

Merino went up to 22d, this price being realised on four bales of super, combing branded “ Gerard.” The best price for cross-bred was 18|d, paid for 12 bales of hogget, brand “ Z.1.H.” Corriedale made to 22Jd, and Glenmore half-bred pieces made to 20d. . The best price for Corriedale pieces was 17|d. Merino pieces went up to 18|d, which was paid for 21 bales in the big Algidus clip. Six bales of super, scoured lambs' wool made 22fd, the brand being “ G.” over “ D.G.” On the first four catalogues, which were sold by 1 o’clock, about 13,900 bales or more than half the offering had been disposed of, passings being almost negligible, amounting to less than .half of 1 per cent.