TREND OF WOOL PRICES

Taranaki Daily News, 2 December 1929, Page 11

TREND OF WOOL PRICES

CROSSBRED IN KEEN DEMAND REALISATIONS AT CHRISTCHURCH COMPARISONS WITH LAST YEAR. By Telegraph.—Press Association. Christchurch, Last Night. The first wool sale in Christchurch this season was held on Saturday, when the, catalogue comprised 15,200 bales. The bulk comprised half bred, consider- ■ able wool with a moderate showing of plain and crossbred, and only a few lots of Merino. Station wool was in good order, but gome of the plains clips was dusty and discoloured on account of the dry season. The market was rather an agreeable surprise for vendors of good halfbred and Corriedale wool. These classes were much better than expectations. Continental competition, especially of Russia, which interests secured a heavy proportion of. the better wools/, was to the fore, while the local mills and/ Bradford were very li.tle in the market, the Home parity being about 2d per lb. below the prices paid. America secured a fair proportion. The top Corriedale price was 18Jd for 18 bales. Other Corriedale prices were 18id, 171 d and 173 d. The top Corriedale price last season was 24Ad. The best halfbred price wm 18Jd for 11 bales, other figures being 183 d, 17£d, and several down to 17d. Very little of the good, fine wool was passed. The top halfbred price last year was 24d. The coarse wool market and that for all classes of pieces was disappointing. The selection of crossbred was not good, a considerable proportion of it being dusty. Nominally prices were down from a halfpenny to a penny below tho Wellington sales, but the field probably will show little difference, Pieces and bellies of all qualities relapsed badly from last year’s figures. A good deal of the better pieces and sorts then averaged from 17d to 20d, with special lote at 21Jd. • At the present eale JOJd to 12d was the average for the .beet, The sale on the whole was much better than was anticipated, the good class fleece wools substantially exceeding valuations. Prices for other classes scarcely held the northern rates. Slightly over 11 per cent, of tho offering was passed. Bidding was keen and well sustained. Following is the range of prices:— Merino—

Super Average Inferior ........ .... 13 - to 13J .... 11 to 12} ... 9} to ,10} Corriedale— Extra super ... — to 18} Super .'.. 13} to 15 Average ... 12 to 13 Inferior ... 10 to 11} Fine Halfbred— Extra super ... — to 18} Super ... 13} to 15 Average ... 12 to 13 Inferior ... 11 to 11} Medium Halfbred— Extra super ..... .... — to 17} Super ... 13 to 14} Average ... 11} to 12} Inferior ... 9 to 11 Coarse Halfbred— Extra super ... — to 14} Super ... 12} to 13} Average ... 11 to 12 Inferior ... 9 to 10} •, Fine Crossbred-— Super ... 11} to 12} Average ... 10} to 11} Inferior ... 9 to 10 Medium Crossbred-— Super ... 10} to iii Average ... 10 to 10} Inferior ... 8 to 9 Bellies and Pieces. Merino— * • Good to super ... 9 to 11 . f Low to medium ... ... 7 to 8} Halfbred— Good to super ... 10} to 13 Low to medium ... ... 0} to 9 Crossbred— Good to super ..... ... 8 to 10. Low to medium ... ... 0 to 71 Crutchings— Medium to good ... ... 7 to 9 Inferior and seedy . .. 4 to 6 Locks— Merino .. 5 to 7 Half bred .. 4} to 6} , Crossbred ... 4 to 5} >