Best Sale For Two Years

Manawatu Times, Volume LVI, Issue 7065, 26 January 1933, Page 7

Best Sale For Two Years

Wool Reflects Increased Exchange

Per Press Association.

CHRISTCHURCH, Last Night. The hardening in the market of late and the increased exchange rate were reflected in to-day’s wool sale when 25,000 bales were offered to a representative attcridanco of buyers. Values appreciated 2d per pound for fine wools and from Id to 13d for crossbred. It was tho best sale for two years. The Continent, particularly Germany and Japan, secured most of the catalogue sold for abroad but Dominion mills were keen buyers of super lots. Competition was fierce at times and much more elasticity was noticeable in buyers’ limits. Some exceptionally good clips of Oorriedalo were offered and sold up to 14-Jd.

Medium halfbrod brought to lljd and pieces wero kocnly sought round about 9d.

The best price for halfbrod was 133 d. Pine pieces showed a i trilling advance ranging from 2d to 21 d.

As evidence of the keen character of tho sale less than 200 bales wore passed, a record at local auctions. Following is the range of prices compared with tho December sale:— Merino. —Super (9d to 94d) IOJd to 113 d; average (7d to SJd) B|d to 10Jd; inferior (5d to 64d) Old to BJd. Corricdale.—Extra super (to 12d) I3s to 143 d; super (9Jd to 103 d) 113 d to to 12-|d; average (7-}d to 9d) lOd to lid; inferior (6d to 73d) 8d to 94d.

Fine half bred. —Extra super (to 123 d) to 13Jd; super (9Jd to lOJd) lid to 12d; average (8d to 94d) 93d to 10Jd; inferior (6d to 7-Jd) 8d to 9kl.

Medium halfbred. —Extra super (to 103 d) to lljd; super (B|d to 9-ld) .lOd to 103 d; medium (73d to 84d) 9d to 93d; inferior (53d to 7d) 7d to 83d. Coarse halfbred. —Super (GJd to 8d) Sd to 9d; medium (s|d to Old) 03d to 74d; inferior (4d to sd) 5d to Od. Threcquarter bred. —Super (s*d to 64d) 03d to 73d; medium (4d to sd) 5d to Od; inferior (24d to old) 4d to 4id.

Medium crossbred.—Super (4d to 53d) 4|d to Old; medium (3Jd to 3Jd) 4d to 4ld; inferior (lid to 23d) 3d to 33d. Pieces.—Good (7d to S?d) Old- to 12d; medium (sid to GJd) 7}d to SJd; inferior (3d to sd) 33d to 7d. Bellies. —Good (5d to 7d) 7d to Sid; inferior to average (2d to 41d) old to Od. Crutchings.—Medium to good (2:"d to 4d) 3Jd to 43d; inferior (IUI to 21d) 2id to 3Ad. * Locks. —Best (2d to 23d) 23d to 33d; inferior to medium (Id to 13d) 13d to 21 d. SYDNEY PRICES FIRM. Received Wednesday, 9.45 p.m. SYDNEY, Jan. 25. At the wool sales, 10,405 bales were offered, 9973 sold and 493 disposed of privately. There was keen genera! competition from all sections at the closing sales of the week. Spinners fine quality wools were very iirm at the recent level. All other descriptions sold well up to late rates. Greasy Merino ficccc sold to 103 d. SALES IN LONDON LONDON, Jan. 21. At tbc wool sales 5325 bales were offered, including 2807 from Now Zealand, and approximately 7330 were sold. There was good Home and Continental competition at full rates. Realisations were a's follow: Merinos, greasy, New South Wales, Goonoogoonoo, top price 13d, average 11,id; Victorian, Ballantric, top price 133 d, average 123 d; South Australian, Gambler Clover, top price ltd, average lid; Queensland, Cambridge Downs, top price, llld, average 10 3-8 d; scoured, 184 d; New Zealand, greasy crossbred. Ivawa, top price lOd, average 7 7-Sd; scoured Merino, Bendigo, top price ISkl, average 16-ld.