CHRISCTCHURCH WOOL SALE

New Zealand Times, Volume XXXI, Issue 6997, 10 December 1909, Page 4

CHRISCTCHURCH WOOL SALE

QUANTITY PASSED THROUGH HIGH RESERVES. PKESS ASSOCIATION. CHRISTCHURCH, December 9. The second- of the current season's wool sales commenced to-day. There was a large attendance of buyers.and a keen demand for all descriptions. American and Continental buyers operated freely; local buyers also participated more actively in the sale than at November. The auction catalogues offered aggregated 20,7-17 bales, as compared with 19,2-18 at the corresponding sale last season. The condition of the wool on the whole was satisfactory, although there were complaints of much of it having been shorn while tho sheep were wet. The condition of the wool was heavier in grease than at the opening sale. When this i<s taken into consideration tho prices realised must be considered a shade above those ruling at the November sale. Apparently in anticipation of oven higher values ruling many owners placed heavy reserves on the 'clips. These not being reached a fair amount was passed in. Following is the range of prices up to the adjournment:— Merino—Super,- 11M to 12Jd; medium to good, 10id to lliu; inferior. 9ld to 10 l d. Halfbred—Super; 132 dto 14W;' medium to good. 10Jd to 13£d; inferior.' 9Jd to 10id. Three-quar- I terbred—Super; 12Jd to 13id; medium to good, lOjd to 12id; inferior- 74d to 10{d. Crossbred—Sapor, 13d to 13W; mrfraf; to good. 103 d to-'l23d; inferior <id to, 104 d. Lone wool—Super, lOd to lli-dl medium to gocd, Bid to OiSd; inferior, 7d to 8d Down wool—Super, lid to 12d; medium to good. IOJd-to/lOjd; inferior, 9}d to IOJd. Corriedale-Supor 12jd to 13id ; medium ti, good,. Hid to 12*d; inferior, IOJd to UK Pieces—Merino, Bkl :to 10d; three-quarterbred, 51dtp »l-d, halfbred, 5d to lid; crossbred 5d to Did; locks, 35d to 6|d; bailies, std to Bfd; crutchings. sid to G|d. The opinion of buyers at the end oi the sale, was that fine, wools were a shade easier, and medium and inferior wools firmer. For these classes there was competition amongst local buj era and speculators. Top prices at.the November sale for best half-bred was 15W. whilst l-ljd was the highest price reached to-day. It is admitted, however, that the pool was in better condition for the November sale, and that, the special cli>s that brought the highest prices were paddock sheep, whereas most of the best halfbred and other fine crossbred clips offered to-day were from front hill stations. ' , ■ ■ To-day there was more general competition among outside buyers. Iwo Continental buvers who came over from Australia were -prominent m the bidding, along with American buyers. A certain amount of business was done tor tfraaford, but buyers from that quarter weie not so prominent in their efforts to secure wool as American and Continental representatives. Most of the small offering of merino was- taken by local woollen mills, and local wool scourers, secured the larger proportion oi ■ Hues suitable for their business at the Previous sale, and it-was then- competition that no doubt .assisted firm prices tor -other than choioe quality -wools.