COMMERCIAL

Stratford Evening Post, Issue 35, 13 February 1929, Page 8

COMMERCIAL

CHRISTCHURCH WOOL SALES.

CHRISTCHURCH, Last Night. The third Christchurch wool sale

of the season was commenced tonight and adjourned at 11 P-ut. untiii 9 o’clock to-morrow morning. To-night 8000 bales of a total calalogue of 24,031 bales were offered. There was a full bench of buyers. r fhe sale was not long in progress until it 1 was plainly apparent that there was a pronounced easing on the values prevailing at the last Christchurch sale in January. lor better grades of halfbred Corriedale values ranged a full 1 l-4d to IJd a pound lower; for coarse crossbred Pieces, about Id to lid lower; aii|d for fine crossbred, about Id lower. Merino was apparently not wanted, and the, clips offered showed a drop of over 3d a. pound. All wools above a 56 count failed to bold to Timaru values, but rates at the latter sale were maintained in other classes, with the competition considerably freer, in marked comparison with the January sale.

Some allowance has to be made for the much heavier condition of today’s catalogue. The heavy rains during |he shearing ;seat|m wefre responsible for a general lowering of the standard and an increased quantity of cotted wo'oi. | The top price of the sale was 22d for two lots of Corriedale aitd one of halfbred. It was only in occasional cases that 21d was exceeded.

Compared with the January sale top prices were as follows: Merino 203 d (23i;d in January), Corriedale 22d (26d), halfbred 22d (24|d), threequarterbred 18 l-4d (20 l-4d), crossbred 16 l-4d (17|d), pieces 20 l-4d (2|2d), prossbre/d pieces 10id ( 12id). locks 10 l-4d (13id), bellies 14 l-4d (12d), crutchings 11 l-4d (14d). Allowances should be made m this comparison for the heavier condition of the wool. The buying points were much more 'widely spread than at the January sale. Tiie.drbp in prices apparently permitted Bradford operations to a

much freer extent, and a fair proportion of the wool went their way. The Continent, however, again appeared to he the main outlet, and the hulk of the coarse wool and pieces was purchased by Continental The better class fine wools were successfully Competed for by local mills. Passings over the first two catalogues aggregated about 1000 bales, or about 12 per cent, of the offering. STRATFORD AND KOHURATARI ( SAL£S. Messrs Newton King’s report a .mod yarding at their Kohuratalu and Stratford sales. The following prices were realised; Kohuratahi.( 2-tioothi wethers 28s to 30s; 4, and 5-yea,r ewes 28s to 31s; full-mouth ewes 25s to 26s 6d white faced m.s. lambs, shorn 18s 6d 19s 7d; 4 tooth ewes 3vs lod ; 2rt , ewes 375; m.s. woolly lambs 24s Jd, good 2th Romney rams up to 6gns, weaner steers £3 16s to £4; Jers. heifers £5 4s; in-calf Jersey hei ers pii . 18-month Steers £6 is bd. ' Stratford prices.—M.S. _ '™ ol y lambs 20s 6d; store cows & Ss to £0 7s 6d; cows £6 10s to £i ’ in-calf Jersey heifers £8 2s 6d; m s from £7 to £9 ss.

Ti.p n Z Loan and. Mercantile Co. report as follows leaner heifers £3 Us to £3 10s; 4, and 6th ewes 9,7* Id to 31s 3d; lambs 12s 3d to 19s 2d.