PRICES RISE

Southland Times, Issue 22763, 13 December 1935, Page 8

PRICES RISE

DEMAND FOR WOOL CHRISTCHURCH SALE TOP RATE 19| PENCE (Per Uniied Press Association.) Christchurch, December 12. The first Christchurch wool sale of the season was held to-day. The demand exceeded the expectations of growers and the sale was keen with a substantial increase in prices on those ruling last year. The advance for super wools ranged from 3d to 4d per lb, or about 30 per cent., and for average fine wools from 2d to 3d per lb. There was a recovery on the rates ruling at Napier. Top price of the sale was 19id for a lot of Corriedale hogget wool, but other clips of Corriedale made 17d to 18ld and even 18jd. Keen interest was shown in the sale as there was some concern lest the easing for crossbred wool in the concluding stages of the London sales and the reaction at the Wellington side last week would be reflected in more cautious bidding. Any fears that these developments would affect this auction were quickly removed. The demand for super wools was very keen from the outset, and though there . was an erratic market for some medium wools, prices generally were substantially in advance of broker’s valuations and better than vendors expected. The wool was described by a buyer of many years’ experience as the best he had ever seen at a first auction in Christchurch. It was well grown, bright and clean with less dust than usual. The circle of buyers completely filled the benches and there were buying points which have been comparatively little in the market in recent years. The range of prices is as follows:—

COMMONWEALTH RECORD GREASY MERINO AT 31Jd. (United Press Assn.—Telegraph Copyright.) (Rec. 10.30 p.m.) Sydney, December 12. A Commonwealth record of 30 jd for six bales of greasy Merino wool from Yass (Victoria) was achieved at the wool sales to-day. A total of 13,249 bales was offered and 11,958 were sold, also 843 privately. The hardening tendency noted on the previous day continued, prices generally showing a recovery from the decline reported at the opening of the present series.

Dei c. 13,1934 Dec. 12, 1935 d. d. d. d. Merino — Super 10? to 11? — to 17 Medium 91 to 101 12? to 14 Inferior 8" to 91- 10 to 12.1 Corriedale— Extra super 14-i to 191 Super 101 to 13 15? to 17.1 Medium 9 to 111 12? to 15} Inferior 7? to 8? 10.1 to 12} Fine halfbred— Extra super 13 to 141 — to 18} Super 111 to 12? 16 to 17} Medium 10', to 11} 13} to 15? Inferior 8 1 , to 91 10.1 to 13 Medium halfbred — Extra super 11to 121 — to 14} Super io.; to 11 12? to 13? Medium 81 to 10 101 to 121 Inferior 61 to 8 9 to 10} Extra fine crossbred— Super 8] to 91 10 to 11} Medium 61 to 8? — to 9? Inferior 5 to 6.1 74 to 81 Super 61- to 7 9.1 to 10.1 Medium 5 to 6 8 to 9 Inferior 4 to 4? 7 to 7? Medium crossbred— Super 5} to 6 81 to 9 Medium 41 to 5 7.} to 8 Inferior 3" to 4 6 to 7 Pieces— Super 101 to 14 Good 7’} to 9 10} to 12 Medium 6 to 71 8? to 10 Inferior 3', to 5" 7 to 8 Bellies — Good 7} to 9? 9 to 11 Inferior to average 4? to 7 7 to 8? Crutchings— Medium to good 4? tq 7 6 to 8 Inferior 2? to 3 4 to 5? Locks — Best 31 to 4} 5 to 7 Inferior to medium 2.1 to 3} 3} to 4?