WOOL SALE.

Hawera Star, Volume XLVII, 1 December 1927, Page 5

WOOL SALE.

KEEN DEMAND AT CHRISTCHURCH. THE RANGE OF PRICES. (by TELEGRAPH— i*ress association.) CHRISTCHURCH, Nov. 30. The first of the Christchurch wool sales for this .season was held to-day, when a catalogue, of 13,800 bales, mosty halfbred. was offered. As the sale was the first held in the Dominion, at which there was a large offering of finer classes of wools, itwa. s generally expected that very keen competition would result. However, there was nothing remarkable in the w.av of prices, but in view of the market in 'the North Island it was a sound sale. Hogget wool and super classes of fine woe's were easier than at Auckland by up to a penny a pound, hut fine crossbred' wool, and particularly pieces, fully maintained the prices obtained at the northern sales. In the 'earlier stages of the sale Continental buyers dominated the position, .securing the bulk of the first two catalogues. but thereafter, when a greater quantity of better class, wools was offered, local mills were very- strongly in evidence, and Bradford (buyers made their presence felt to an improved degree. America also bought' more freely than apparently was the, case in the North Island. Local fellmongers had difficulty in obtaining anything to handle at a profit. Passing did nor amount to more than 2£ P 3.- cent, of the total offering. The bulk of the. passings were in the first catalogue, and towards the end of the sale little of the offering was, not sold. Most of the lots passed in tins early stages were subsequently .soldThe easing in value of the super woo ; 'iS has been attributed 1 to the uncertainty of the shipping position in Australia on account of the watarsiders’ dispute. This at least kept one of the prominent Australian buyers off th'3 market. Of the Continental buyers, France was most- prominent, securing a larger share of the offering than .anv other buying element. Local mills took a large, quantity of fine wools, but the distribution of the buying was fairly even. Values were up by from 2d to 2sd a lb, compared with the March sale, and by- 4d to 4pi compared with the opening sale of last year. Some of th? specially choice wools showed a bigger margin than this, however, but tliev constituted only a small proportlbn of the offering. Tin? top price of the sale was 25*d for 15 bales of halfbred. Other sales were 251 d aud_2sd. The top Gorriedale price was 25Jd for 15 bales. The best merino figure was 25d. Corriedale pieces made to 23Jd. The top price Tor fine crossbred was 21 id. Down wool made up to 22d, and medium crossbred to 18J-d. Crossbred pieces made to 13£d, halfbred bellies to 18Jd. fine locks to lid, and lialft bred crutch ings to 14-Jd.

The following was the range of prices:—

Merino, G4/70 ,and 00/64, super 22d to 23-ifd: a verage, 193 dto 21 id; in fprior, 17d to I9d. Corriedale, supei 22d to 25$d; average 19£-d to 213 d; inferior 17d to ’-Qd. Fine halfbred, 58. 56/58. and 56, extra super, 24d to 253 d; super 2L}d to 23fd'; average, lQd to 2ld: inferior 17-jd to 183 d, Mr dinm halfbred, 50/56 and 50, extra Super, 22d to 233 d; .super, 20d to 213 d ; average, 18. id to 193 d; inferior, 16d to Kkl. Coarse halfbred, 48/50, extra super, 19-id to 203; super, 18d to 19Jd; average, 16£d to 173-d; inferior, 15d to IGd- Fine crossbred, 46/48, super, 16L1 to 173 d; average, 15d to 16R1; inferior, 13.1 d to 14id. Medium crossbred. 44/46. super, 15.1 dto IGJd; average, 14d to 15Jd; inferior, 12i d to I,‘Jid. Coarse .crossbred, 40/4-1, super, 13id to 14id ; average, 12id to 13Jd ; inferior, ll.jd to 12id. and nieces, merino, good to super, 17d to 213 d; merino, low to medium, lod to 16id; bellies, halfbred, good to .super, lod to 183 d; hai'fbred, low to medium, 13d to 14i<l; pieces, halfbred, good to super, 18i cl to 24 d ; ha If bred, low to medium. 13il to 18d; bellies and nieces, crossbred, good to super, 13d to 16d; crossbred, low to medium, lOd to 12 Id; emtehings, medium to good, 91 d to 14d -inferior and .seedy, 7<l to ; locks, halfbred Bsd to , crossbred, 6Jd to Bd.