WOOL MARKET

Hawke's Bay Tribune, Volume XXII, Issue 91, 1 April 1932, Page 9

WOOL MARKET

FOURTH CHRISTCHURCH SALE PRICES COMPARE WITH NORTH OFFERING MOSTLY COARSE Christchurch, March 31, The fourth Christchurch wool sale of the season was held to-day, when 14,125 bales were offered. There was a full bench of buyers representative of Bradford and the Continent and New Zealand mills. The offering was not attractive, but competition was keen at a lower level of prices. The wool was not up to the standard of the February auction, a substantial portion was wool passed in at the earlier sales, while crossbred lines were numerous. The wool generally was heavy in condition, lacking lustre. The bulk of the offering was coarse wool, for which the demand has been weak during the current season. Values were lower than at the last Christchurch sale, but so far as the grades allow of accurate comparison with the North Island sales it would appear that the values ruling correspond with the prices obtained at the recent sales in the north. Competition was keen, and a good clearance was made. On the last Christchurch sale values were down a halfpenny per pound for super wools and average to good serviceable wools of finer quality, while for the shabbier grades the easing was from id to Jd per pound. Coarser wools were easier by Jd to id. per pound. Shabby crossbred met with a scant demand, and it was only occasional lots which brought 4Jd. A big proportion sold at from 2|d to 3jd. Pieces sold irregularly and were easier.

Bradford took the biggest share of the wool, a proportion of the finer grades going to French and German buyers. Local mills took a smaller share than at the previous sale. Corricdale and halfbrod clips shared the honour of top price for the sale at ll}d. The best Merino price was lOd and the best crossbred s)d. The range of prices was as follows:— Merino— d. d.

SYDNEY AUCTIONS. COMPETITION GOOD. Sydney, March 31. At the wool sales 9555 bales were offered and 8270 sold, also 1951 privately. Competition was good, all sections participating. Prices were firm at the previous day’s levels. Greasy Merino sold to lid.

Super Average Inferior 7} to 91 71 51 « 41 to to Corriedale— Super 9i to 101 Average , 7 to 9 Inferior . 5 to 6} Fine Halfbred— Super 94 to 111 Average 7i to 91 Inferior 51 to 64 Medium Halfbred— Super 81 to 91 Average 7 to 81 Inferior 41 to 6 Coarse Halfbred— Super to 74 Average 51 to 64 Inferior 31 to 44 Fine CrossbredSuper .............. 4J to 5 . Average ............. 31 to. 41 Inferior 21 to 3 i Medium Crossbred — Super 4 to 44 Average 3 to 31 Inferior 2 to 21 Bellies and Pieces— Merino, good to super .. 6 to 73 Low to medium ...... 31 to 54 Bellies— Halfbred, good to super Low to medium 4|lto 6 3 to 41 Pieces— Halfbred, good to super 6 to n Low to medium 21 to 51 Bellies and Pieces— Halfbred, good to super 4} to 6 Low to medium 11 to 21 Crutchings— Medium to good .... 2 to 31 Inferior and seedy .. 1 to 11 Locks— Merino 11 to 3 Halfbred 11 to 21 14 Crossbred 1 to