WOOL DEARER

New Zealand Herald, Volume LXXV, Issue 22981, 8 March 1938, Page 12

WOOL DEARER

TIMAIUJ SALE VALUES ( ADVANCE ON CHRISTCHURCH TOP PRICE FOR MERINO I7D ISD REACHED FOR HALFBRED [BY TELEGRAPH —I'BESS ASSOCIATION] TIMARU, Monday Taking all the circumstances into consideration) the second and final wool sale of the season at Timaru to-day was quite a satisfactory one. Halfbreds and three-quarterbreds could be quoted at iip to a halfpenny dearer than at the recent Christchurch sale, while crossbreds were from par to a farthing dearer. Competition was well spread, and the bulk of the offering of 23,057 bales was disposed of in just over four hours. A good deal of interest was taken in the auction, chiefly because it was the final one of the season this centre. Values .have fluctuated a good deal this season, and local growers who failed to meet the market at the first sale here in December are now sadder, but wiser, because rates to-day compared with the first sale can be quoted at from 2d to .'3d cheaper. The Principal Buyers The wool opened up in fair condition only. There was a full and representative bench of buyers, competition being provided by Franco and Germany, while Bradford wan more strongly in the market than at any previous sale this season. Dominion mills were fairly quiet, picking up a few super lots, while Japan also took a few odd lots. The top price for Merino was 17d, which was secured for a line offered on behalf of Mr. W. G. Elliott, Lake Pukaki. The best halfbred price was 15£ d, which was secured by Mr. Andrew Grant, Fairlie. For crossbreds was secured, this price going to Mr. S. Medlicott, of Hook, and Mr. Andrew Grant. Two growers, Mr. C. H. Johnston and Messrs. J. Matheson and Sons, Hakataramea, each reached 13Jd for Corriedaie. The Range ol Prices The following is the official range of prices:—• d d Merino— Extra supor .. to 17 Super .. .. 12 to 14 Medium .. .. 10% to 11% Inferior .. .. 8 to 9% Fine Halfbred, 56-58 Extra super .. .. to 15% Super .. .. 13 to 14% Medium . . .. 11 to 12% Inferior .. .. 8 to 9% Medium Halfbrod, 50-56 Extra super .. .. to 14% Super . . .. 12 to 13 Medium . . .. 10% to 11% Inferior .. .. 8 to 9% Fine Crossbred, 48-50 Extra super .. .. to 13% Super .. .. 11% to 12% Medium .. .. 10 to 11 Inferior .. ... 8% to 9% Medium Crossbred, 46-48 Extra super .. .. 10% to 11% Super .. .. 9% to 10% Medium .. .. 8% to 9% Inferior .. .. 7% to 8 Crossbred, 44-4& E-'ttra super .. .. 10 to 10% Super .. .. 9 to 9% Medium .. .. 8 to 8% Inferior .. .. 7 to 8 Crossbred—--40-44 .. .. 8 to 9% Merino .. .. 11 to 12% Halfbred .. .. 10% to 12% Three-quarterbred .. 8 to 10% Merino " .. .. 7% to 10% Halfbred .. .. 7 to 11% Three-quarterbred .. 6 to 9% Crossbred .. .. 6 to 8% BelliesMerino .. 7 to 10 Halfbred .. .. 6 to 8% Three-quarterbred .. 6 to 8% Crossbred .. .. 6 to 8 Crutchings— Fine .. .. 5 to S% Coarse .. .. 5 to 8% Locks — Merino .. .. 4 to 6 Halfbred .. 3 to 5 Threequarter & xbred 3 to 5 FIRM SYDNEY RATES KEEN JAPANESE COMPETITION. SYDNEY. March 7 At the Sydney wool sales to-day the demand was well sustained under keen competition froln Japan. There was also good support from Yorkshire and the Continent. Values were fairly firm compared with closing rates last week. Greasy Merino fleeces realised to 18Jd. A total of 11,195 bales was offered, and 10,519 were sold, including 1466 privately. The average price laut week was £l4 17s 8d a bale and 12.4 d per lb. '