WOOL VALUES

Nelson Evening Mail, Volume LXXII, 14 April 1939, Page 6

WOOL VALUES

FINAL CHRISTCHURCH SALE MERINOS DOWN ON MARCH RATES FRENCH BUYERS OPERATE i United Frew* Annotation I CHRISTCHURCH, This Day. 'Nool values followed the North Island trends at tlie fourth and final Christchurch auction this morning. Good half-breds and Corriedales were fully firm on rates ruling at the March sale, but Merinos were quite a Id easier all round, and other n edium and rough fine wools were down by about the same amount. Crossbreds had au excellent sale with firm values. Bradford dominated the sale, with fair support from the Continent. The threat of a French embargo on wool buying in the Dominion did not enter into the sale, buying from this section being confined to fairly restrained bidding. Local mills were not particularly active and this probably accounted for the easing for Merinos. The offering totalled 29,612 bales, and was representative of the usual mixed selection at the fourth sale. A wide variety of wool was offered, and a big proportion was rough in appearance. High country clips formed a big proportion of the offering and a number of crossbred lines were entered from the West Coast and the Chathanis. Wool held over from the earlier sales improved the general quality. Passings were heavy on the first catalogue, where they amounted to nearly 16 per cent, and represented mainly rough bellies, pieces, and other oddments. At this stage the sale was described by the auctioneer ag “tooth dragging,” with buyerg showing almost complete indifference j to many lots, while others failed to | attract a bid. Selling improved as the j eale progressed, and on the first two cata- ' louges the passings averaged about 12 pe; cent. The best price of the morning was 14;d, paid for a binned lot. This class made 15£d at the April sale last year. Corriedale, of which only a limited selection was offered, realised to 12fd, this being paid for sixteen bales in a , Culverden clip. Corriedale tops made 12jd, merino made to 12Jd. and crossbred 1 Id. RANGE OF PRICES rhe range of prices was as follows: Fine half bred: Extra super lOd to !4j|d; super, lid to 13id; average. 9£d to inferior, 8d to 9d. Medium halfbred: Super, lid to 12d; average, 9d to interior. 7£d to B|d. Merino: Super to 12$d; average, M to 10Jd; inferior, 71>d to B£d. Corriedale: Super, 11 |d to 123 d; average, 9£d to lljd; inferior, 8d to 9d. Fine Crossbred: Super, 10|d to lid; average, 9d to lOd; inferior, 7£d to 83d. Medium Crossbred: Super, lOd to lid; average, B£d to 9Ad; inferior. 6d to Bd. Bellies: Good to super, 7id to B£d; rough to medium, 5d to 6sd. Pieces: Good to super. 9d to rough to medium, 4),d to Bd. Crutchings: Good to super. 6d to 8d; rough to medium. 4d to s£d. Locks: Medium to good. 4d to sd; rough to medium. 3d to 4d