VALUES FOR WOOL.

New Zealand Herald, Volume LXIX, Issue 21117, 26 February 1932, Page 10

VALUES FOR WOOL.

I SALE IN CHRISTCIIURCH.

LOWER RATES FOR SUPER.

MEDIUM LINES UNCHANGED.

JAPAN BUYS SPARINGLY,

[iSY TELEGRAPK. —PRESS ASSOCIATION. 1 CIIRISTCIIURCH, Thursday,

Tho third wool salo of tlio Christchurch series was held to-day. Tho catalogue consisted of 24,491 hales, of which about 22,000 were sold at auction.

There was a full bench of buyers. The bulk of tho wool wa§ taken by Bradford and the Continent. Japan bought sparingly. Super Wools were down fully a halfpenny on tho January rate, and shabby wools, particularly erossbrcds, wore also in weaker demand. All medium and serviceable wools were sold at the January

rates. Following was the range of prices:—

REV] EW OF THE SALE. TOP PRICE OF 11id CROSSBREDS IN WEAK DEMAND.

[BY TELEGRAPH. —OWN CORRESPONDENT ] CHRISTCHURCH. Thursday. 'J he catalogue at to-day's wool sale was not up to the standard of the January sale. A substantial proportion of it was represented by back-country clips, heavy in condition and lacking the brightness of the wools forwarder! at the earlier sales. Although dominantly a fine-wool catalogue, there was a larger proportion of crossbred, this class being carried over from the preceding catalogues to a greater extent, doubtless, on account of the weaker demand for it.

Tlie salp, although erratic, was a satisfactory ono considering the recent trend of the market, and was quite up to expectations. Super wools and shabbier grades were both easier. Average to good serviceable wools, particularly the finer qualities, sold at the level of the January sale. A large proportion of the better wools ranged about, B£d to 9,} d a lb. Shabby crossbreds met with scant attention, and competition for them was very restricted. Only occasional lots of the best class reached the 5d mark, and a large proportion sold at 3d to 3£d. A heavy bulk of finer wools went to the French and Bradford representatives, and the Bradford market also purchased a substantial proportion of coarse wools. Germany also bought a fair weight of wool. The local mills secured a small share compared with their January purchases. One mill operated freely, "one or two others sparingly, and the balance were practically out of the market. The reduced activity of the local mills no doubt was an influence in the easier prices obtained to-day for the super wools. Small quantities were bought on Japanese account.

Pieces sold irregularly, but were easier. Local fellmongers secured a fair proportion of the crutchings. At the third sale last season there was a sharp rise of 2d to 3d a lb. on the rates ruling in January, at which prices were the lowest of the season. Japanese competition was responsible for the sudden improvement at tho March sale last year.

Top price at to-day's sale was lljd, obtained for five bales of halfbred ewe. The next halfbred price was lid, for three bales of studs. Seven bales of halfbred ewe sold at and nine bales of hogget at lOd. Rix bales of halfbred also sold at IOJd. Top price for Corriedate was for 22 bales. At the January sale ihe lop Oorricdale price was 122<1. The best Merino figuro was OJd, for nine bales, and three other stat ion lots brought 9d. Eleven bales of a. clip described as three-quail erbrcri sold at 9d and crossbred made in one case 7^d. The passings totalled 2200 b;iles, or about 9 per cent, of the offering. AUCTIONS IN LONDON. NEXT WEEK'S SALES. ..The Bank of New Zealand has received the following report from its London office:—The list of arrivals for tho second series of wool sales, commencing on March 1, closed on February 22. Tho last ship to bo included was the Cumberland.

d. d. Merino— Super . . 8J to 92 Medium .. (>S to 8 Inferior . . 5 to 01 G'orriednle— Extra super . . — to Hi Super . . 9J to lot Medium . . 8 to !) Inferior . . 5i to 7} Fine Hulfbred— Extra super. . . . . — to 111.Super . . 01 to 101 Medium . . Si to 3 Inferior .. 0 to 7 5 Medium Hulfbred— Super . . 82 to 92 Medium . . .. . . "i to 81 Inferior . . ., . . 5 to 7 Conrse llnlfbred— Super . . *. . . 71 to 82 Medium .. r. io 7 Inferior . . . . 'J 1 to 52 Fine Crossbred— Super .. r. to 7>V Medium . . . - 4 1 t o 52 Inferior .. ;31 to 4 Medium Crossbred — Super . . 45 to 51 Medium . . .. ' . . 3.'. to 41 Inferior .. .. .. 21 to 3i Pieces— C.ood . .. . r>;- to 9J Inferior . < . t .. 22 to 0 Bellies— > flood . . .. 4J to 65 Inferior . . . . . . 21 to 41 CrulcliinKS— Medium to good . .• . 2 to 4 Inferior . . ., .. 1 to U Locks— Best . . 3 2 to 22 Inferior to medium . . 1 to