CHRISTCHURCH WOOL SALE.

Poverty Bay Herald, Volume XLVII, Issue 15542, 10 June 1921, Page 6

CHRISTCHURCH WOOL SALE.

(Per Pioss Association.) CHRISTCHURCH, this day. Eight thousand bales were offered at the fifth wool sale of tlie season this morning. Ridding was brisk, especially tor the finer wool, hut it was somewhat irregular. About forty buyers were present, Continental and English firms being represented, and it- seemed that a good deal of the purchases were for export. Super-merinos brought 11 < I to 13J,d, medium 9d to lid, super half-bred IC-jd to 12d, medium 3d to 9fd, super crossbred 7d to 9 ; jd, medium £d to 7d, super three-quarters 7(?d to 9J,d, medium to 7J,d, Corriedale super 91,d to first half-bred pieces 4jjd to 6-jd, crossbred pieces 2jjd to 3jd.

AUCKLAND WOOL SALES. SRIIMTEI) COMPETITION. SEVENTY PER CENT. SOLI). The second wool sale held in Auckland since the end of, the requisition took place on Saturday evening. Unusual interest, was manifested in the fixture, doubtless due to the fart that the sales held in other centres recently resulted in an improvement in prices compared with those of a few months ago. There was a large attendance of buyers and the available standing room in the building was taxed to the utmost by farmers and others interested. At the commencement V the sale buyers were active and bidding was spirited ; in fact, brokers present stated that iL was the most spirited sale held in New Zealand for years, and that, values in some cases were from 5 per cent, to 7j per cent, better than those ruling at the -Napier sales on the Tuesday.

The number of hales catalogued totalled 721.7, hut several lots were withdrawn before the sale commenced. Lambs’ wool was most in demand, and seven hales of Romney lamb wool sold by’ -Alfred B'uekland and Sons, Ltd., on behalf of Mr. J. M. Nicol, of Te Aroint, topped the market, realising a lb. Throe hales of Puketutu lambs’ wool, sold by the same firm, brought lOd a lb. and a similar quantity of 11. and C. Aidslra,tli brought 9d a lb .Most of the wool scheduled was crossbred, for the Auckland province raises practically no other breed of sheep. For line crossbred the prices realised were somewhat- bolmv those recorded at Napier on Tuesday. At Lbe latter sale (bis wool brought from 44<i a li> to 8d a lb, whereas on Saturday night the price varied from 2(jd a lb to a lb. The prices brought for similar wool at the local sale held in February ranged from 7-id a lb to 8d a lb. At the Wellington sale last month, tine crossbred brought from fid a lb to fid a lb, therefore the best lots: catalogued for Hie Auckland sale showed an advance of «d a lb. Skirted crossbred wool wfis keenly competed for, and lots of A grade realised up to 9;d a lb, l! grade 7.j a lb, (’ grade fid a lh, and 1) grade fid a 11), while other skirled lots below these grades brought from 3d a lh to 4d a lb. Medium crossbred sold at- from a II) to 5d a lh, compared with a lb to 6.jd a lb, and 3|d a- lb to a lb at the Napier and Wellington sales respectively. Three-quarter bred wool was slightly below Napier values, but ordinary crossbred was from a Id a lb to ljd a lh ahead. Pieces brought from Id to 2£d a lh, and bellies from ljd a lh to 3|d a lh, id in excess of the Hawke's Ray figures. Lincolns realised from a lb to 33d a lb, Leieesiers 2$ a lb, and Merinos B^d-a lh. The last mentioned is not equal to the prices similar wool brought at the recent Wellington sales, at which from 9d a lb to SJd a lb was realised.

About 70 per cent, of the wool offered was cleared, the greater portion being secured for the Continent, the balance being bought for local mills and by speculators.