WOOL MARKET

Southland Times, Issue 22492, 29 January 1935, Page 5

WOOL MARKET

CHRISTCHURCH SALE

DISTINCT FIRMING FOR SUPER CLASSES

LOCAL MILLS OPERATE

(Per United Press Association.)

Christchurch, January 28 The second Christchurch wool sale of this season held to-day was better than expected in the earlier half of the sale. There was a distinct firming for all super wools, compared with the auction in December, and a slight improvement for general classes of fine wools.

An easing tendency developed over the latter half of the sale, but making allowance for this factor, super wools were higher by a half-penny per lb on the December rates, whilst medium classes were slightly better. The healthier tone extended to some extent to coarse wools, which met with a more widespread demand. Local mills practically monopolized the market for the super wools, but the Continental representatives were much more actively in the market for all classes than at last sale.

The top price of the sale was 154 d, secured for both Corriedale and halfbred and a number of lots exceeded the 14d mark.

The offering of 25,000 bales was scarcely up to the average for the January catalogues. Most of the wools carried more dry yolk, owing to the extreme climatic changes during the season.

. Passings vzere about eight or nine per cent, of the offering. Following is the range of values, compared with those ruling at the December sale:—

Dec., 1934. Jan., 1935. d. * d. d. d. Merino Extra super — to 13? Super 10} to Ill 11 to 12 Medium 91- to 101 91 to 10? Inferior 8 to 9 81 to 3} Corriedale Extra super to 141 to 155 Super 111 to 121 111 to 12; Medium 9 tc ) 11 91 to 11} Inferior 71 to 81 7f to 91 Fine halfbred Extra super to 141 to 15' Super lli- to 121 Hi to 13' Medium 10} to 111 101 to 11' Inferior 8} to 82 to 10 Medium halfbred Extra super 111 to 12 to 12] Super 101 to 11 10} to 11 Medium 81 to 10 81 to 10 Inferior 61 to 8 61 to 8 Coarse halfbred Super to 81 to 82 Medium 71 to 81 7 to 8 Inferior 61 to 7 5 to 6J Threequarter-bred Super to 71 to 7i Medium 51 to 61 5} to 6 Inferior 41 to 51 4 to 5 Medium crossbred Super 51 to 5? 5} to 6} Medium 41 to 5 4} to 3} Inferior 3 to 4 31 to 41 Pieces • Super to 10.1 to 12 Good 8 to 9 8} to 9} Medium 6 to 71 6 to 8} Inferior to average 31 to 51 3 to 51 Bellies Good to super 71 to 9 7} to 9 Inferior to average 41 to 7 3f to 71 Crutchings Medium to good 4} to 71 4} to 6} Inferior 2? to 41 3 to 4} Locks Best 3J to 4J 4 to 6 Inferior to medium 21 to 31 3 to 32