RISE IN WOOL PRICES.

Timaru Herald, Volume CXXXIV, Issue 18817, 4 March 1931, Page 8

RISE IN WOOL PRICES.

Marked Advance at Christchurch. KEEN AND EXCITED BIDDING. By Telezraph—Press Association CHRISTCHURCH. March 3. Prices realised at the wool sale today showed an advance of twopence to threepence on those of the January sale. The catalogue comprised 13,121 bales, mostlv back-country clips. The quality was below the average of catalogues at this period of the year. Bidding throughout the sale was keen, and often excited. Practically the whole catalogue was cleared. Japan was a keen buyer for all serviceable fine wools. Bradford bought extensively, and France also was in the market. Comoared with the January auction, Corriedale was better by 2id to 3d,; merino by slightly less; and crossbred by 2d. There was a good demand for fine crossbred, and f he scale of prices was more than a penny per pound bet--2r than at the opening sale in December. __ Top price of the sale was 103 for 33 bales of half-bred. The range of prices was as follows: Merino— : Super, 8!d to 9id. Average, n C to 8^ Inferior, sld to GSd Corriedale — Super. 9d to lCd. Average, 7d to 8"!c’ Inferior, 43d to 6id. Fine half-bred— Extra super, to 103 d Super, 9d to 10Id Average, 7td to 8«d Inferior, 5d to 7d. Medium half-bred — Super, 8i to lOid. Average, 7d to Bld. Inferior, 5d to 6id. Coarse half-bred — Super, 73d to 81d. Avera&c, 6id to 7id. Inferior, pd to 6d. Fine crossbred--Super, 73 to 3d. Average, 6d to 7d. Inferior. 4id to sid. Medium crossbred — Super, 6d to 6£d. Average, 5d to 53d. Inferior. 4d t 6 43d. Merino bellies and pieces— Good to super, 6d to Bd. Low to medium, 4id to sid. Half-bred bellies— Good to super, 4Jd to sid. Low to medium, 33d to 43d. Half-bred pieoes— Good to super, 6d to Bid. Low to medium, 3.1 d to sid. Crossbred bellies and pieces— Good to super, 4id to 6d. Low to medium, 3d to 4»a. Crutchings— Medium to good. 2id to 45d. Inferior and seedy, Id to 2d. Locks — Merino, 3d to 33d. Half-bred, 2d to 3id. Crossbred, 13d to 2ld. The range of prices at the Christchurch January sale was:— Merino (64 to 70, 60 to 64) Super, 6id to Bd. Average, 5d to 63d. Inferior, 33d to 43d. Corriedale — Super. 63d to Bd. Average, 5d to 6d. Inferior, 3d to 43d. Fine halfbred (58-56) — Super. 63d to Bd. Average, sid to 6%d. Inferior, 3d to sd. Medium halfbred fSO to SSISuper, 6d to 7id. Average, 4id to sid. Inferior, 2d to 4d. Coarse halfbred (48-50) Super, 5d to 53d. Average, 2id to 3 id. Fine crossbred (46-48) Super, 43d to 51d. Average, 33d to 4id. Inferior, 2id to 3id. Medium crossbred (44-46) — Super. 41d Average, 3id to 4d. Inferior, 2id to 3d. Coarse crossbred (40-44) Super, 4d to 4id. . Average, 3id to 33d. Inferior, 2id to 3d. Merino bellies and pieces— Good to super, 4d to 7d. Low tc* medium, 2d. to 3id. Halfbred bellies— Good to super. 23d to 4d. Low to medium, lid to 2id. Halfbred pieces— Good to super. 33d to 53d. Low to medium, lid to 3id. Crossbred bellies and pieces— Good to super, 2d to 3id. Low to medium, Id to 18d. Crutchings— Medium to good, 13d to 23d. Inferior to seedy, Id to lid. Locks — Merino, lid to 12d. Halfbred, Id to 2d. Crossbred, 3d to 13d. KEEN COMPETITION IN SYDNEY. HARDENING TENDENCY MAINTAINED. United Press Association —By Electric British Official Wireless (Received March 3, 9.50 p.m.) SYDNEY, March 3. At the wool sales, the offerings totalled 10,917 bales, of which 10,741 were sold, alsb 506 privately. The 5 per cent, advance reported yesterday, was fully maintained, and many instances a further hardening tendency was noticeable. There was exceptionally keen competition from Japanese, Yorkshire and Continental buyers. Greasy merino made 123 d. EXPORT DUTY ON SKNIS. EARLY REMOVAL PROPOSED. United Press Association—By ElectrlS Telegraph—Copyright (Received March 3, 9.30 p.m.) CANBERRA, March 3. The Federal Labour caucus recoin- „ mends the Ministry to remove the export duty of id per lb. on sheepskins in the wool, which has operated since December 17th, concerning which a bitter controversy led to the complete dislocation in the industry. The Government will act immediately. It will also refund all amounts paid in duty.