KEEN DEMAND FOR FINE WOOLS.

Star (Christchurch), Issue 18961, 7 January 1930, Page 10

KEEN DEMAND FOR FINE WOOLS.

CHRISTCHURCH SALE CONTINUED TO-DAY.

A keen demand for fine wools is the dominant features of the second Christchurch wool sale of the 1929-30 season, which was commenced in the Caledonian Hall last evening. (A report of last night’s auction appears on Page 3.) The market was evidently well established by the amount of business that took place last evening, and when the sale was resumed this morning there was little or no change in the charactex of the competition or in the prices, so far as wool of the same quality was concerned. There were, however, some excellent clips of Corriedale offered, and under keen competition a farthing more was realised for one lot of the Strathfield clip, which sold at 163 d. The well-known WOR brand of Merino brought higher figures than were realised the evening before, the best lots making 12d to 122 d. The Leslie Hills Merino clip, sold shortly afterwards, also met with good competition, and a ten-bale lot reached 14d, eleven bales making 13id and eighty bales 13d, while pieces sold up to lid. The Rakahuri Corriedale clip was keenly competed for, and the first lot of eight bales topped the market so far at 171 d. Five bales made 15ld and twenty bales 15d.

Passings were less numerous this morning than was the case last night. Of the first catalogue offered to-day, only 387 bales, or less than 7£ per cent of the total, were passed in. In the second catalogue to-day, passings amounted to only 8 per cent. There was again a large attendance of sheepfarmere and others interested, and keen interest was taken in the progress of the sale.

Passings in the third catalogue represented only about 4 per cent of the offering, and in the last catalogue about 10 per cent. There was a round of applause when Mr J. S. Dukes, auctioneer for the New Zealand Loan and Mercantile Agency Company-, Ltd., mounted the rostrum at 1 p.m. to start selling the last catalogue of 234 lots, comprising 1853 bales. Mr Dukes holds the record for quick selling of .wool. He disposed of his catalogue in 27 minutes, the lots being sold at the rate of about eight a minute.

The sale concluded at 1.27 p.m. Passings to-day amounted to about 7 per cent of the offering.

NOTES ON THE SALE. Four bales of three-quarter-bred ewe A wool, brand JB in circle, brought llld. For nine bales of first half-bred ewe, brand 2 over W, 133 d was paid, and for four bales of bellies and pieces, 9id. Half-bred ewe, brand F in triangle, made 13id for five bales, and 141 d was paid for six bales of half-bred hogget, brand 4L. Five bales of half-bred ewe, braxid Troqueer, made 14d, nine bales of three-quarter-bred ewe from the same clip made IOSd, five of half-bred hogget 14d, and six of bellies and pieces 83d. Eastcott Corriedale ewe A made 131 d for eight bales, and ewe B 12d for five bales. Corriedale ewe A, under brand Brooklands, realised 13id for seven bales. Seven bales of ewe wool made Hd, and five of first Corriedale pieces 9d. Thirteen bales of Corriedale ewe wool, brand UF, brought 14id, five of Corriedale wether 13id, ten of Corriedale hogget 14d, and six of bellies and pieces 94 d. First Corriedale ewe wool, brand A2 over bar, sold at 142 d. Half-bred wool, brand Eskdale, made 141 d for five bales. Corriedale ewe AA from Glenallen, made I6d for fourteen bales. Five bales of ewe A sold at 141 d, and four of bellies and pieces at 9id. Fifteen bales of Corriedale ewe AA. from Stratfield clip, realised 16id. Five of ewe A made 12|d, five of ewe B lid, seven of hogget 143 d, six of first pieces 10id, and four of bellies Bid. Top price of the sale up to this stage, 163 d, was paid for two lots from the Rydal Downs clip. Twelve bales of super Corriedale ewe, and thirteen bales of Corriedale ewe AA, made this price, being bought by local mills. Other lots from Rydal Downs made the following prices; Eleven bales of ewe A llid, seven of ewe 15Jd, five of ewe B 123 d, nine of pieces AA 13d, eight of pieces A lOd, six of bellies lOd, and four of locks sld.

The Bullock Creek Corriedale clip sold as follows: Five bales of ewe AAA 153 d, nine of ewe AA 151 d, four of ewe A 143 d, five 14id, four ewe C 13id. six of first pieces llid, five of second pieces 93d. The highest Merino price to this stage of the sale, 12d, was paid for a line of thirteen bales, under brand Pukeko. Ten bales of Merino B made 103 d. For eighteen bales of half-bred ewe, brand Edale, 15d was paid. Seven bales from the Kilmarnock clip made 14id for half-bred hogget. The Meadowbank Corriedale clip made the following prices: 23 bales of wether AA 13d, 29 of wether A 131 d. 34 of ewe AA 141 d. 24 of ewe A 14d. 15 of hogget AA 123 d, 13 of hogget A 14id, nine of wether B llid, eleven of ewe B llid, four of hogget B 13id, five of AA 13d, four of A llid, five of cloth A 12d, twelve of D llid. 15 of first pieces 103 d, eleven of necks and pieces 103 d, ten of second pieces 83d, sixteen of bellies 83d, and seven of locks 4id. Previous top prices for Merino wool were eclipsed when several lots, brand WOR, were sold. The following prices were realised: Thirty bales of ewe A 12id, fourteen of ewe B llid, five of wether A 123 d, four of hogget A 12id, twelve of pieces 113 d. four if bellies 9id, six of locks 63d For eleven bales of first three-quar-ter-bred ewe, brand Scott’s Farm, 12id was paid, and for seven bales of first crossbred ewe 10id. Thirteen bales of half-bred ewe A ’ Spurtleton Downs, realised 14d, eighteen bales of ewe B made 14id. and four of bellies 73d.

Corriedale wool from Taruna made the following prices:—Twenty of super ewe 14d, twenty of ewe AA 14.« d, six of ewe 12d, five of neck pieces llid, seven of pieces 9id, and six of bellies Bid.

Fifteen pence half-penny was paid for five bales of Corriedale ewe AA from Bullock Hill, and a half-penny less for twelve bales of ewe A. Four bales of ewe B made 13d, five of ewe 123 d, five of first pieces 12d, eight of second pieces llid, and four of bellies 83d.

Hayland Corriedale ewe AA made 15d for twelve bales. Other wool from this clip sold as follows: Nine of hogget AA 141 d. twelve of ewe A I3ld. ten of ewe C 12-fd, eight of first pieces llid, four of second pieces 83d, four of bellies 83d.

The Vulcan half-bred clip realised the following prices:—Twelve bales o f ewe AA 131 d, fifteen of ewe AA 14id, nineteen of ewe A 12d, eleven of ewe B 12£d, six of ewe hogget AAA llid, six of ewe hogget A A 13d, twelve of ewe hoßget A 123 d, five of ewe hogget B Hid. four of B 13d, six of BB 13d, seven of D lid, twelve of neck pieces

llid, sixteen of pieces IOJd, eigljt of bellies Bid, six of ewe crutchings 7d. Ten bales of Corriedale hogget A from Greenhills, brought 14Id. The previous top prices for Merino wool were exceeded when the Leslie liills clip was sold. The following prices were realised: 10 of super ewe 14d, 11 of super wether 13id, 27 of first combing ewe 13d, 53 of first combing wether 13d, 13 of first combing hogget 122 d, 7 of second combing ewe 12id, 22 of second combing wether Hid, 8 of second combing hogget lid, 8 of clothing lid, 10 of strong combing lO&d, 6 of first combing rams llid, 18 of pieces lid, 10 of bellies 9d, and 14 of locks 6id. Five bales of Dunolly first half-bred ewe made I4fd. Four bales of half-bred hogget, brand Queenfield, brought 14d. Porahui three-quarter-bred ewe wool sold at llid for 14 bales. A whistle went round the sale room when a lot from the well-known Rakahuri clip brought top price for Corriedale. The following prices were realised: Eight of ewe AAA 17£d, 5 of ewe A 15id, 11 of ewe A 15ld, 9 of ewe B 152 d, 5 of ewe D llid, 4 of first pieces llid, 6 of bellies and pieces S&d. Super half-bred hogget, brand Wyndale, brought 13id for seven bales. Thirteen bales of first half-bred ewe. brand Tormore, sold at 14Id. First Corriedale ewe from Ruapuna made 13§d for seventeen bales, *and fifteen bales of Corriedale ewe sold at 14id. Fourteenpence was paid for eight bales of super half-bred ewe, brand P over HG. For eleven bales of first half-bred ewe, 13*d was paid, and for five bales of super half-bred hogget 142 d. Eleven bales of half-bred A brand Ben Cruchan, realised 14£d. First lambs’ wool, brand Teanatea made 113 d for seven bales.

RANGE OF VALUES.

Following is the range of values, those for November last being given for purposes of comparison:—

Nov. 1929 Jan. 1930 d. d. d. d. Merino— Super .... — to 13} 13} to 14 Medium 11 to 122 10} to 12$ Inferior 10 to 10* Corriedale— Extra super — to IS} to 171 Super .... 14 to 15$ 13} to 15 Medium 12} to 13} 11} to 131 Inferior 104 to 111 92, to 102 Fine half-bred— Extra super — to 18} to 16} Super .... 13} to 15 12} to 142 Medium 12 to 131 113 to 12} Inferior u to 11} 101 to 111 Coarse half-bred Extra super — to 14$ to 13$ Super 12$ to 131 113 to 123 Medium 11 to 12 10$ Inferior 9 to 10$ 9 to 102 Three-quarter-bred— Super .... 11} to 12$ 11 to 112 Medium 10$ to 111 10 to 102 Inferior 9 to 10 91 to 93 Medium cross-bred— Super .... ioi to Hi 93 to 103 Medium 10 to 102 8} Inferior 8 to 9 7} Coarse cross-bred— Super .... to 102 Medium 10 to 10$ 91 to 10 Inferior 8 to 9 82 Pieces—• Best Merino Best half-bd. 102 to 13 10 to 13 2nds half-bd. 8} to 10 Cross-bred .. 6} to 9$ 5 to 72 Crutchings—Best 7 to 9.1 61 Low to med. 4 Bellies— Best 9 to ?.02 8} to 102 Low to med. 7 5$ to 8 Locks— Best 6 to 7$ 5 to 71 Low to med. 4 to 5$ 3} to 4$