LOW PRICES

Southland Times, Issue 21577, 15 December 1931, Page 8

LOW PRICES

TIMARU WOOL SALE OFFERING IN POOR CONDITION lIALFBRED IN DEMAND (Per United Press Association.) Timanj, December 14. The opening wool sale of the season in Timaru was held to-day when a catalogue of 7749 bales was offered to a large bench of buyers representing most of the wool consuming countries. Owing to the unseasonable weather, the wool opened up in fairly poor condition, being hunger fine and thin. It is doubtful if a really super lot was included in the catalogue. Halfbreds was keenly competed for at prices much on a par with the Christchurch sale last week. Crossbreds on the other hand were more or less neglected and to effect sales low prices had to be accepted. Pieces and bellies, as at other sales in the Dominion, commanded relatively higher prices than fleece wool, this' being due to keen competition by a French buyer. It was noticeable from the start of the sale that the prices of crossbreds would be low, this being a reflection of the sales held in the North Island. Competition came chiefly from the Uniter! Kingdom and Continental buyers, Dominion mills picking up odd lots suitable to their requirements. The official range of prices is as follows: Merino —-

SYDNEY SALES MERINO WOOLS DOWN 10 PER CENT (United Press Assn. —By Telegraph—Copyright.) (Rec. 11.5 p.m.) Sydney, December 14. At to-day’s Sydney wool sales 11,751 bales were offered and 9,770 were sold byauction, also 1,663 privately. The prices for Merinos of all descriptions declined 10 per cent. There was good competition, chiefly from Yorkshire, with limited support from Japan and the Continent. Merino fleece sold to 16d. Brokers report that the average price on the Sydney market up to the present stage of the current, season is £ll 3/9 a bale or 8.6 d a pound. LONDON MARKET LITTLE VARIATION SHOWN. London, December 13. Mr W. P. Devereux, representative of the Australian Woolgrowers’ Council, reports that the London wool sales have shown little variation, the catalogues containing a good representative selection of Australians. Competition on the whole had been general and well sustained, the German demand continuing to be a marked feature for Merinos and fine crossbreds, while there has been a good British, demand for both Merinos and crossbreds. France is buying sparingly. The values of Merinos and crossbreds, although at times showing some irregularity, have not quotably altered. The withdrawals have been mostly due to excessive limits.

The position of the tops market at Bradford is practically unchanged. The general Continental position is very difficult and depressed, while the German emergency economy decree is having a disturbing influence. The total stocks of tops in commission agents’ and combers’ hands in the Continental centres at the end of November had decreased nearly 15 per cent, compared with October.

Super d d 7 to 8 Medium Inferior 54 to 61 Halfbred —- Super 9 to 104 Medium 7 to Si Inferior 6 to 61 Threequarter-bred—-Super up to 81 Medium 61 to 71 Inferior 44 to 6.1 Crossbred—Super up to 6} Medium 4 to 4} Inferior 3 to 31 Halfbred— Pieces, super—■ Necks 8} to 9'1 Super 6 to 8 Medium 5 to 6 Inferior 44 to a Threequarter-bred Pieces — Super 6 to 7 Medium 0 to 51 Inferior 34 to 41 Bellies— Fine 5 to 64 ' Medium 4 to 41 Inferior / 3 to 31 Crutchings—• Fine 3 to 4 Medium 2 to o:i “4 Locks II to 2