LATE RATES HOLD

Poverty Bay Herald, Volume LXVI, Issue 19882, 8 March 1939, Page 13

LATE RATES HOLD

TIMARU WOOL SALE

GERMANY BUYS FREELY SELLERS MEET MARKET EXCE L LENT CLEARANCE (Per Press Association.) TIMARU, this day. Taking everything into consideration, the second and final wool sale of the season in South Canterbury, which was held in Timaru yesterday, was quite a satisfactory one. So far as prices were concerned, there was no quotable change on the Christchurch sale last week-, and the desire of growers to meet the market was evident from the fact that passings were negligible, representing less than 1 per cent. Competition was keen throughout from a bench of buyers which was fuiiy representative of the wool-con-suming countries. The total catalogue, which was a shade over 30,000 bales, was a record offering at this centre. The Continental section dominated the market, Germany buying very freely. The Dominion mills competed strongly for better Merino clips. Firm on Christchurch The very slight fluctuation in prices at the recent sales throughout the Dominion did not give growers any hopes of a record sale so far as prices were concerned, and the majority no doubt were satisfied to find the sale firm on Christchurch. For the majority the returns were probably not payable, but from the very few passings registered it was perfectly clear that 99 per cent of the growers were desirous of accepting whatever price their clip would realise, rather than hold back and find the market falling considerably. , One of the features of the auction was the fact that passings were far less numerous, with relatively lower prices prevailing, than they were at the period when wool was bringing 14d and 15d. The top price for Merino, was paid for 13 bales from the Estate of W Mathias, Mackenzie Country. The half bred top price, 143 d, was for a binned lot, as was also 123 d for three-quarter-bred. The Corriedale top price, 134. d, was secured by Gorman Bros., Hakataramea.

Official Range The official range of prices is as follows:—

Merino — d. d. Extra super 14 to 164 Super 12 to 133 Average 104 to 113 Inferior 8i to 104 Fine halfbred, 56/58’s — Extra super to 141 Super 12 to 133 Average 10 to 113 Inferior 73 Medium halfbred, 50/56’s — to 93 Super 1H to 12.1 Average Fine crossbred, 48/50’s10 to 11.1 Super 11 to 12 A Average 10 to 10.3 Inferior 8.1 to 93 Medium crossbred, 40/48’sSuper 101 to 113 Average 91 to 10.1 Inferior 8 to 9 4 Crossbred, 44/46’s — Super 10 to 103 Averag/e 9 to 93 Inferior to 8.3 Leicester — Super to 12 Average 9 to 10 Hogget— Merino 10 to 15.1 Halfbred 10 to 123 Fine crossbred .... 10 to m Crossbred 10 to 11 Bellies — Merino 7 to 9 2 Halfbred 7 to 83 Crossbred Crutchings— 7 to 8i Merino 6 to 8 7J Halfbred 5 to Crossbred 4 to 8 A Necks — Merino 10.1 to 11-1 Halfbred 9 to 1U Fine crossbred 9 to 11 Pieces — Merino 8 to 103 Halfbred 7 to 10J Fine crossbred .... 8 to 91 Crossbred Locks — 7 to 8^ Merino 5 to Gi Halfbred 4 to 5 Crossbred 4 to