WOOL MARKET

Hawke's Bay Tribune, Volume XXII, Issue 36, 26 January 1932, Page 7

WOOL MARKET

SECOND CHRISTCHURCH SALE FINE SORTS ADVANCE. IMPROVEMENT WIDESPREAD. Christchurch, Jan. 25. The second Christchurch wool sale of the season was held to-day, wheu a catalogue of 25,087 bales was offered to a representative bench of buyers. The offering comprised a good selection of wools, the bulk being 50 count and over, well grilwn and bright In condition. The bidding was animated from the outset for all finer lots and immediately dispelled any fear that there would be a repetition of the disappointAuckland sale. Prance and Germany secured a heavy proportion of the catalogue, with Bradford also lifting a fair average. Local mills made the pace for all super wools and this was the primary cause of the advance. Japanese buying was very restricted, and America was practically out of the market. An advance of a penny was recorded in practically all classes of fine wools. The most noticeable improvement was in wools which, in December, averaged 7sd to 81d. To-day they sold at BJd to lOd. As the bulk of the offering comprised wool of this sort the improvement was widespread. Fine pieces advanced a full penny, there being a sustained demand from local, Home and Continental buyers. Most of the coarse wool sold round about 4d to 4}d. A fair proportion failed to reach even 4<l; and only occasional lots exceeded 5Jd. Passings represented about 5 per cent, of the offering. The best price of the day was 12 Jd for Corriedale ewe. The top halfbred price was 12jd and Merino realised the same figure. The following is the range of prices: Merino — d. d.

to 121 94 to 11 Average •. 7t to 91 to 71 Corriedale — Hi to 12} 10 8} to to 11 91 6i to 71 Fine halfbred — Extra super •• to 121 10 9 to to 11 92 Inferior •« • • • • 61 to 8i Medium halfbred— 94 to 104 8i to 91 54 to 74 Coarse halfbred — 8 to 9 Average .. .« 64 to 71 to Fine crossbred — Super .. .. •• .. 64 44 to to 34 to 41 Medium crossbred— 51 to 61 4 to 3 to 35 Bellies and pieces— Merino good to super .. 61 to 91 Low to medium 5 to 6 Halfbred good to super .. 51 to 71 Low to medium • a • • 4 to bi Pieces— Halfbred good to super .. 74 to 11 , Low to medium 31 to 71 Bellies and pieces— Crossbred good to super 4 to bi Low to medium • • • • 2 to 3i Crutchings— Medium .. .. «»• •< , 21 to 41 Inferior and seedy •* *< , 1 to > 2 Locks — Merino •• •• • a • a 21 to 31 TTnlfbrnd .. . • 11 to 21 1 to 11