HIGHER WOOL PRICES.

New Zealand Herald, Volume LXIII, Issue 19512, 16 December 1926, Page 14

HIGHER WOOL PRICES.

GOOD SALE AT TIMARU. " the: best this season." KEEN COMPETITION SHOWN. CLEARANCE OF OFFERINGS. [BY TELEGRAPH.—PRESS ASSOCIATION.] TIMARU. Wednesday. "The best wool sale so far held in New Zealand thin season," was the verdict concerning to-day's wool sale in Timaru. There was a full bench of buyers, representing all the wool consuming centres of the world. The sale went with a swing l'rom start to finish, and competition for many of the lines was exceptionally keen. The catalogue comprised 10,276 bales. A genial spring, with plenty of feed, following a fine, open winter, ensured good-conditioned wool. It is many years since wool for the first sale has come forward looking as well. Fleeces were 10 per cent, heavier than was the case last year, and the wool was well nourished. As the sale progressed competition seemed to strengthen. It does not often happen that such a clearance is made at a wool sale as was made to-day, when 98 per cent, of the offering submitted changed hands. One firm passed only one bale. The bulk of the finer wools went to colonial mills. Bradford, as usual, was the biggest buyer at the sale. A fair quantity went to the Continent. The top price obtained was 20|d for ten bales of super halfbred ewe. It is considered that the sale was a halfpenny to a penny better than the Christchurch sale, and in the case of Merinos a penny halfpenny better. The following is the range of prices:— Merino.—Good, 19d to 20£ d; medium, 16J-d to 17|d. Halfbred.—Super, up to 20|d; good,. 17|d to 19id; medium, 15f|d to 17d; inferior, lUd to 14|d. Three-quarter-bred.—Good, 14|d to 16gd; medium, 12d to 13§d; inferior, lid to llfd. Crossbred.—Good, llfd to 13£dj medium, to inferior, 9£d to lOd; cotted, to 10^d. Halfbred Pieces.—Good, 15|d to 17d; medium, 13d to 15d; bellies, lOd to 13£ d. Three-quarter-bred Pieces.— Bsd to 12£dj bellies, 9|d to lid. Crossbred Pieces.—B3d to lid; bellies, 8d to. 93d. FIRM TONE IN SYDMEY. EXCELLENT COMPETITION, Australian and N.Z. Cable Association. * (Reed. 11.5 p.m.) SYDNEY, Deo. 15. At. the wool sales all fine descriptions ruled firm at late rates, with at times a tendency in sellers' favour. Competition was excellent for all except .broad and doubtful yielding'top-making sorts. Greasy Merino sold to olid. Crutchings.—s£d to 9£d.