WOOL SALE

Greymouth Evening Star, 1 December 1926, Page 4

WOOL SALE

PROSPECTS .AT CHRISTCHURCH.. (Special to “Star.”) CHRISTCHURCH, Nov. 30/ For many years the first wool sale in . the Dominion was-, held in.Ufori’stchurch. The revision ok the sales two years ago set .the first for Wellington; so that the initial auction .in the South Island is robbed of a good deal, of interest. Since, the first Wellington saje r other fixtures have been held, at /Wanganui and Auckland. Considerable hopes were held by sheep farmers throughout’ the Dominion that • with the coming sales wdol would show some appreciation, biit the ; Wellington sale was disappointing. Reports - from jWangamii and• • Auckland suggested a \more* Imoyaht tone in the market,, but experience has been ■in years. gone, by that > tlie. boosting tone imparted to tlihuwool sale repprts in the North.. have, not-stood .the Jest at later sales. The. hrst> sale .of the- season jin Christchurch is Jo be held to-morrow, with a catalogue. of from 16,000 to 17,000 (riles. In i the North Island sales, little or nadialf-bred wool is offered. \Asispdcrhla point of interest' is as to hbw this wool will fare. Northern sales suggest a.(slightly better Continental! Iniying. Bradford trade has liyened.up a little fii the purchase of. the halfbred Wpol. The Dominion mills compete with freedom as a rule/.and'they usually take a fair proportion of the bright half-breds offered. The store® at present are filled with Wool, the condition of wliicli reflects the excellent winter and gpod spring. Generally, the wool is from the Plains, and there is an absence of tender lines, but tenderness,, will not be, absent in higb country .wool. On the other hand-, the great bpik of the wool offered at the December sale is froin lbw country, much of. which is shorn .from wethprs wintered on turnips, and consequently heayy in condition. Valuations made, by the brokers are generally oh the standard! set by the, Wellington sales. The wool men in .Christchurch expect a good sale on the Wellington , crossbred standard, but they are not pinning much faith; in ahy substantial appreciation. To-morrow will show if all is well will wool. • : / TO-DAY’S . BIDS. . CHRISTCHURCH, December 1. Between' 14,000 and 15,()00 bales were offered at the opening of the Christchurch, wool sale, thi'sr season’s wool, which was much mors attractive than that at the openingj.sale last season, ■ being better grown and brighter, with a much smaller proportion of tender wool. The bulk of the offering was wool of fihp The sale was scarcely up to, expectations, there being a good deal of irregularity. The best wpols were briskly competed for by-local mills at restricted prices. Continental and Bradford representatives t<?6k most of the coarser offering at prices ranging from lOd to lljd. Pieces \were the brightest part of the sale, . selling very spiritedly. From Bto 10. per cent only of the first two catalogues were passed. The. top price this morning was 20Jd fdr. half bred, there being a few cases of ’SQd being \ exceeded. From 17d to 19d-,covered'thte range of most of the finer wools.