WOOL PRICES IMPROVE

Taranaki Daily News, 29 January 1935, Page 9

WOOL PRICES IMPROVE

SALES AT CHRISTCHURCH FIRMING OF ALL SUPER WOOLS. SALE QUIETER TOWARDS THE END. LOCAL MILLS BUYING HEAVILY. By Telegraph—Press Association. Christchurch, Last Night. The second Christchurch wool sale of the season held to-day was better than was 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 halfpenny per lb. on December rates, while 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 monopolised the market for the super wools, but Continental representatives were much more actively in the market for all classes than at the last sale. The top price of the sale was 15Jd., secured for both Corriedale and halfbred, and a number of 1< ;s exceeded the 14d. mark. The offering of 25,000 bales was scarcely up to average for January catalogues. Most of the wools carried more dry yolk owing to the extreme climatic changes during the season. Passings were about 8 or 9 per cent. Following is the range of values compared with those ruling at the Decem-

her sale. Dec. 1934 Jan. 1935 d. <1. d. d. Merino— Ex super .. — . to 13;} Super 101 to 11} 11 to 12 Medium 94. to 101 9J to 10} Inferior 8 to 9 8} to 9} Corriedale— Ex super to 14.1 to J >1 Super Hi to 12] 111 to 12-1 Medium 9 to 11 9} to 11} Inferior 7| to 8} 7} to. 9} Fine Halfbred— Ex super . 141 to 151 Super 111 to 12J 112 to 13} Medium 104 to 111 10} to 111 Inferior 8J to 10 8J to 10 Medium Halfbred— 111 12 Ex super ........ to 12.£ Super 10} to 11 10} to 11 Medium 84 to 10 84 to 10 Inferior 61 to. 8 6} to 8 Coarse Halfbred— Super to 8} to 81 Medium 7} to 8] 7 to 8 Inferior 6} to 7 5 to 6} Three-quarter-bred-Super. to 7J to 7} Medium 5} to 61 5} io 6 (Inferior 4} to 5f 4 to 5 Medium CrossbredSuper —..;. •>. 5j to- 51 54 to 6} Medium 41 to 5 4| to 5} Inferior 3 to 4 3} to 41 Pieces— . Super to 10} to 12 Good 8 to 9 84 to 9} Medium 6 to 71 6 to 8} Inferior to Av. 3’2 to 5.1 3 to 5} Bellies— Good to super .. 74 to 9 1'1 to 9 Inferior to av. .. 4} to 7 3} to 7J Crutchings— Medium to good 44 to 7} 4J to 6>} Inferior 2i to 4} 3 to 4} Locks— Best 32 to 4} 4 to 6 Inferior to med. 2} to 31 3 to 32