WOOL PRICES FIRM AT THIRD CHRISTCHURCH SALE

Greymouth Evening Star, 5 April 1948, Page 2

WOOL PRICES FIRM AT THIRD CHRISTCHURCH SALE

(P.A.) CHRISTCHURCH, This Day. Although spectacular prices were not in evidence, values for all classes were firm at the third main Christchurch wool sale today. The catalogue of 27,590 bales included all types, but there was a comparatively small showing of superfine wools. The bulk of the offering was average to medium fine wools and the condition was not too good.

The sale had the auctioneers and growers guessing because overseas conditions were obscure and there had been an easing trend at North Island sales.

The sale today was the first major half-bred sale since the market break occurred in February and brought crossbreds back by 25 per cent. Allowing for quality, the prices for merino wools today..were firm on the basis of the February sale at Timaru and half-breds were firm on the second Christchurch sale. What little crossbred was offered sold at late North Island rates. The best price during the morning was fiO-’d paid for five bales of Merino from Snowdon. Another five bales in this clip made 60d, with a third lot at 53 d. Snowdon halfbred made 57£d. The top half-bred price was 59d for a lot branded “various.” Corriedale wool made to 573 d for five bales of ewe branded “Darnley over B in circle.” The top price at the February sale was 623 d for Corriedale, with Merino to 57-Jd.