CHRISTCHURCH WOOL SALES DISAPPOINTING.

Horowhenua Chronicle, 11 March 1930, Page 2

CHRISTCHURCH WOOL SALES DISAPPOINTING.

BACK COUNTRY CLIPS EVOKE NO INTEREST *JEST HALFB3ED SBI.LS AT HA. CHIHLTCHUKCH, Last Night. The fourth and final (Tiristchurcli wool sale of tin 1 season was held today. The catalogue comprised SP.'!. - ! bales. There was a full 'bench of buyers, all the purchasing points being represented. The catalogue was of the usual end-of-season character, being comprised .for the most part of backcountry wool, which was dull, with very little bright -wool through it. The sale was somewhat disappointing. It had been hoped that the better tone of the overseas markets and the rather brighter atmosphere at, the Napier sale would bo reflected locally, but this was not the case. Compared with the previous sale in Christchurch, there was an casing in price equal to about a penny a pound in the finer fleece -wools and up to a halfpenny a pound in coarser wools. Prices showed very little change. The principal purchasers wore America, the Continent and Bradford, with local scourers participating in the fellmongering lots. The’sale throughout was very irregular and a big proportion of the buying circle appeared to have very little interest in it. When fair-sized lots of reclassed wool came forward, there was on occasion spirited competition, but on the whole, the sale was not what it was hoped it would bo. Passings were fairly heavy—approximately 20 per cent, of the total cataleguo—and the highest price recorded was Hid for three different, lots of halfbred. The top Corriedale price was lid and Merino sold at ,103 d. Five hales of another Merino clip wore pass ee in at 113 d. The top crossbred price was Od.