MERINO PRICES DECLINE.

Pahiatua Herald, Volume XXVII, Issue 31433, 13 April 1923, Page 5

MERINO PRICES DECLINE.

OTHER CLASSES SHOW ADVANCE.

Electric Telegraph—Press Association ■jChriistchul'c li, April 12. The filth wool sale of the season was held to-day, when a small catalogue of 3560 hales was offered. There was a good attendance of buyers, English, American, Continental and local houses being represented. A few lines of back-station Merino were offered, but generally, the catalogue was comprised oii odd lots and it being an end of the season sale, the wool was not in such good condition as that offered at earlier sales.

There was little competition from the local mills, bidding being confined mostly to Bradford.' and Continental buyers. As a result of the lack of competition from local mills, Merino wool showed a decline of about Id a lb on prices ruling at the last Christchurch sale; for other classes, however, there was good competition and prices improved, half-bred being from Id to 1.1 c 1 lb better, while other sorts were up fully Id. The better range of values was as under: — Merino —super, 24d; medium 19d to 22d ; inferior 161 d to 1 8)-d ; Oorriedale: Super 21i'd to 23d; medium 18id to 21s : half-bred, super, to 23d ; medium 19d to 211(1; inferior 13d to 17Jd; three-quarter-bred, super to 171 d; medium 12' d to 11 ;d ; inferior 9d to 12d. Medium crossbred, super, 13d to lo.Vd; medium 10Jd to 12i.d; inferior Sjfd to lOd. Coarse crossbred, medium, 9d to lUd; super, IOJd to llld • inferior 8d to Bifd. Merino pieces. firsts, lid to 19d. ; seconds 18* d (to 16*d. Half bred pieces, firsts, 14Vd to 17d; seconds lOd to 14d. Crossbred pieces, od to Bci. Locks. Alerino, 7d to llid; half bred, 5d tu 7.Vd • crossbred 4||d. to 04a. Bellies, Merino, lOd to 17d; halfbred <)«d to 131(1; crossbred <id to l-„u.