KEEN SALE

Timaru Herald, Volume CXXXIX, Issue 20077, 6 April 1935, Page 8

KEEN SALE

ADVANCE IN FINE WOOLS CHRISTCHURCH AUCTION By Telegraph—Press Association . CHRISTCHURCH, April 5. Fine wools advanced 3d to l*d a lb and crossbreds up to £d a lb on March Values at the fourth and final sale in Christchurch this season, which was held this afternoon. The auction was the keenest of the series. Continental demand was exceptionally strong, and set the pace from the first to the last lot. However, buying was well spread over a fuli bench of buyers. The catalogue of 11,590 bales was much larger than usual for this sale, the increase being accounted for by the large' amount of carry-over wool, which Included a good percentage of fleece wools. Buying Distributed The buying points were fairly distributed, with French buyers calling the tune and taking the bulk of the offerings suited to their requirements. Time after time the bidding disclosed great elasticity in Continental limits. Bradford buyers also played a big part in stimulating competition, and took a big proportion of the wool sold. Japan was operating, and a little wool was bought for Germany. New Zealand mills have had the bulk of their orders filled at earlier auctions, but were fairly active on super lots. A small proportion of the offering was purchased by local fellmongery firms, and it was significant that a small proportion of the catalogue was purchased for private buyers speculating on the market. The top price of the sale was 12id, which was paid for six bales of super halfbred ewe. Two other halfbred lots brought 12d. Top price for Corriedale wool was 12d. which was paid for six bales. Two other lots brought llfd. Top price for Merino wool was llid, which was paid for a super lot of six bales. Crossbred brought up to 7id, that figure being bid for six bales of hogget wool.

Range of Prices Following is the range of prices, with a comparison of prices for the March sale:— March d. d. April d. d. Merino— Super 10 toll — Average .. .. 8 to 93 9 to 105 Inferior .. .. 7 to 8 75 to 85 Corriedale— Super 93 toll 11 to 12 Average .. .. 81 to 91 9 to 101 Inferior .. .. 6 to 8 65 to 85 Fine Halfbred— Super 101 to 121 11 to 125 Average .. .. 9 to 10 10 to 103 Inferior .. .. 7 to 81 75 to 95 Medium HalfbredSuper 91 to 101 Average .. .. nto 9 8* to 93 Inferior .. .. 55 to 7 61 to 8 Extra Fine X-bred Super 75 to 85 8 to 83 Average .. .. 6 to 75 65 to 73 Inferior .. .. 41 to 51 5 to 65 Fine X-bred— Super 65 to 7 7 to 71 Average .. .. 5 to 6 53 to 63 Inferior .. .. 4 to 43 45 to 55 Medium X-bred— Super 51 to 55 61 to 63 Average .. .. 45 to 5 5 to 6 Inferior .. .. 35 to 4 35 to 41 Bellies and Pieces Merino — Good to super 7 to 9 8 to 9 Low to med. . 5 to 6? 6 to 73 Crossbred — Good to super 41 to 7 45 to 65 Low to med. . 3 to 4 25 to 41 Bellies— Halfbred— Good to super 65 to 7 63 to 8 Low to med. . 5 to 6 5 to 65 Pieces— Halfbred — Good to super n to 10 85 to 11 Low to med. . 5 to n 51 to 8 Crutchings— Med. to good 35 to 6 4 to 65 Inf. and seedy to 3 2 to 33 Locks 21 to 43 25 to 45