WOOL PRICES REMAIN LOWER

Taranaki Daily News, 28 April 1934, Page 7

WOOL PRICES REMAIN LOWER

LAST SALE OF SEASON AT TIMARU. GERMAN AND FRENCH ACTIVITY. By Telegraph—Press Association. Timaru, Last Night. Prices at the third and final wool sale of the season in South Canterbury were about a penny to twopence down on the figures of the last Timaru sale in February, but were on a par with recent North Island auctions. To-day’s sale was in the nature of a cleaning-up sale, and as a -result the interest displayed by the public and |he buyers was not great, the bench of buyers being comparatively small. . At no stage was the bidding animated. In fact the auction was of a decided dragging The percentage of passings was fairly high, but much wool, was disposed of by private treaty at prices somewhere near growers’. reserves.

The chief activity came from French and German buyers, who secured the bulk of the finer - wools and pieces. Bradford came into the market for lots of suitable requirements. Some lines opened up well, but on the whole the wool was not up to the standard of previous sales at this centre. The total catalogue comprised only 2119 bales, which took 109 minutes to sell. As tire sale was not official the brokers did not issue a range of prices. Half bred sold up to 20 Jd, merino to 18Jd, three-quarterbred to 14|d, Corriedale to 15d. Other quotations ■ were: . Pieces, halfbred to merino to 14Jd, threequarterbred to- 10|d; bellies, halfbred to14Jd, three-quarterbred to lOd, merino to 14d; locks, halfbred to Bjd, threequarterbred to sd, merino to B|d; necks, halfbred to 164 d, merino to 15d, threequarterbred to 13d.