TIMARU WOOL SALE

Greymouth Evening Star, 10 February 1934, Page 12

TIMARU WOOL SALE

RANGE OF PRICES [PEB PBESff ASSOCIATION.] TIMARU, February 9. At no stage of the second wool sale of the season held at Timaru to-day was the competition animated. In fact, it was a dragging sale throughout. The total offering was 20,959 bales, or double that at the first sale here, but the wool did not open up in such good condition, the greater portion being tender, due to unfavourable weather. The bench of buyers w’as a fully representative one. In the early part of the sale it was noticeable that the Continental buyers were not as active as usual at this centre, which has always been regarded as a Continental sale. However, they did the bulk of the buying. Bradford was very.quiet. It was evident that the Bradford representatives were working under very restricted limits. With the early lots disposed of, it did not appear that the prices were much different from those ruling at Dunedin, but as the sale progressed, the values had a tendency to ease. Taking a line through the Dominion rates, halfbreds eased by one penny per lb. Three-quarter-bred s eased as much as two pence. Crossbreds were down a halfpenny to a penny. Comparing to-day’s prices with those ruling here in December, crossbreds were probably a halfpenny dearer, and halfbreds from a halfpenny, according to quality. The clearance was fully satisfactory, passings representing three per cent. The catalogues was split up into 1834 lots, which were disposed of in exactly five hours. The official range of prices is as follows: —

- Merino: Super to 20|d, average 171 d to 19gd inferior to 16d. Fine halfbred (56/58): Super 20d to 24Jd, average 18d to 19Jd, inferior 16|d to 173 d. Medium halfbred (50/ 56): Super 181 d to 20d, average 17id to 18Jd, inferior 161 d to 17Jd. Three-quarterbred (45/50): Super to 18d, average 14d to 151 d, inferior 12d to 13d - Crossbred (44/46): Super to 12|d, average 9d to lid, inferior 7Jd to 83d. Pieces: Merino, good to super 18d to 202 d, low to medium 15d to 17£d; halfbred, good to super 17d to 191 d, lo wto medium 13d to 161 d; threequarterbred, good to super lid to 14d, low to medium 89d to 103 d. Bellies: Merino, 13d to 16d, half bred 14d to 16d; three-quarterbred, 9id to 12Jd; crossbred 6d to 9d. Crutchings: Fine lOd to 12d, medium 7d to 9|d, low 4d to 6d. Locks: Merino 9d to 10Jd; half-bred 7d to 103 d; crossbred 5d to AUSTRALIAN REVIEW. SYDNEY, February 10. The “Sydney Morning Herald’s” weekly wool letter says: Values at this week’s auctions showed an easier trend. The fall in the English top market is considered by some authorities to be partially due to the selling of tops made from wools purchased privately in the country in Australia and' elsewhere, at figures belpw auction market rates. The offer of semi-manufacturers at figures underselling the basis of auction purchases could prove a most disturbing influence. Growers who sold privately to purchasers, shipping the consignments direct abroad, therefore have probably not only injured their* own pockets, but also affected the wool market generally. The French political situation, in addition, has not tended to maintain confidence generally. Fortunately, the stocks of unsold wool are very small, and the absence of supplies should put a brake on the easier trend in values.

Figures issued by the National Council of Wool-Selling Brokers in Australia show the sales of wool in the principal marketing centres of the Commonwealth from July 1 to January 31 totalled 1,858,008 bales, which realised £37,417,133.