WOOL SALE

Hokitika Guardian, 13 December 1935, Page 5

WOOL SALE

PRICES AT CHIUSTCHT

(Per Press Association, Copyright).

CHRISTCHURCH, December 1.2,

The first Christchurch wool sale or the season was held to-day. The demand exceeded the expectations of the growers. The saie was keen, with a substantial increase in prices on those ruling last year. The advance lor super wools ranged !rom 3d to 4d per lb., or about 30 per cent., and for average fine wools’from 2d to 3d per lb. There was a recovery on tlfe rates ruling at Napier. Top price of the sale was 193 d for a lot of Corriedale hogget wool, but other slips of Corriedale. made L7d to 18d ; and even 18-d. Keen interest was shown in the sale, as there was some concern lest an easing for crossbred wool in the concluding stages of the London sales, and the reaction at Wellington sale last week, would he collected in more cautious bidding. Any fears that these leveiopments would affect, this auction were" quickly removed. The demand for super wools was very' keen from the outset, and though there was an erratic market for some medium wools, prices generally were substantially. in advance of brokers’ valuations, and better than vendors expected. The wool was described by a buyer of many years’ experience as the best lie had ever seen at a first auetTon in Christchurch. It was well-grown, bright and clean, with less dust than usual. The circle of buyers completely filled the benches, and there were buying points which had been comparatively little in the market in recent years.