SECOND WOOL SALE OF SEASON HELD LAST NIGHT.

Star (Christchurch), Issue 18961, 7 January 1930, Page 3

SECOND WOOL SALE OF SEASON HELD LAST NIGHT .

Prices, Although Lower Than In November, Considered Satisfactory

The second wool sale of the season held in Christchurch was commenced last evening in the Caledonian Hall, before a full bench of buyers representing Home, foreign and local interests. There was also a very large attendance of sheepfarmers and others interested. The offerings comprised 24,021 bales, which were contained in the catalogues o( the following brokers,, whose names are given in the order in which they

Compared with the November sale, Corriedale and half-bred wool was down about lid a lb. Three-quarter-bred and cross-bred sold well up to November values. Very little merino wool was sold, and it is difficult to make a comparison of the values, but the buyers were not prepared to pay the November prices. Bellies and pieces and other-scouring-lots were below the level of the November sale. Although there was more than enough wool in the stores to fill the quota of 24.000 bales fixed for this sale, the delays that have occurred in shearing through wet weather have prevented much wool from coming forward. In the back country there has lately been a good deal of rain from the northwest, and this has frequently reached the front hills and the farms bordering them, so that some sheep farmers have not yet even been able to get a start with their shearing. On Banks Peninsula there has been showery weather during the past month, with the result that shearing is much behind. The limit of 24,000 bales for this sale, and the fact that there is still a large quantity' of wool to come in, will mean a considerable carry-over for future sales. To some extent this will depend upon the amount passed in at the sale. - The condition of the wool is gener-

ally quite satisfactory, though some from the plains carries some earth in consequence- of the dry spring. But matters in that respect might have been worse had there been the northwest winds that generally prevail in that season. The wool is naturally heavier in grease than that offered at the November sale, but is probab’v not quite up to the average in that respect, as very hot weather has only' ’ately been experienced. The wool off the high country is, on the whole, in very good order and has not suffered to a great extent through the amount of snow there was during the winter. The offerings included many of the best clips of half-bred and Corriedale from the front hill stations in North , Canterbury' and Kaikoura, with a few good merino’clips from the same districts. Wool from farms on, the Plains also bulked largely in the catalogues. Although prices were below the level of those realised at the November sale, the market was firmer than at Timaru and Dunedin, and on the whole the results may be considered as very satisfactory'. A feature of the sale was the strong part played in the competition for half-bred, Corriedale and fine crossbred wools by the local woollen mills, especially Otago mills. For the re particular classes of wool, they had chiefly to meet with free bidding on the part of Russia, and thus a good market was established. The top prices secured were 16}d for Corriedale u£ the Mount Seddon brand and 161 d for halfbred in the Fartield clip, while a number of other lots of the same class of wools reached 15d and over. There was little competition for merino, and the large clips catalogued were passed in. Coarse cross-bred was stead'ly bid for up to a certain limit, and prices showed little decline from the November rates. The operations of the Home Continental, American and Japanese buyers were fairly evenly distributed, arid local fellmongers secured a share of scouring lots. There was about 12 per cent of the first catalogue passed in, and a rather greater proportion of the early part of the second catalogue, but these wools were mostly merinos, which did not reach the limit placed upon them,

and the total passings would not amount to more than 9 per cent of the catalogue. Two catalogues, comprising 007 S bales, were got through, leaving 14,943 bales to be disposed of to-day, when the sale will be resumed at 9 a m. RANGE OP VALUES. Following is the rsngo of values so far as the sale has gone, those for November last being given for purposes of comparison:—

NOTES ON THE SALE. The first lots offered consisted of reclassed wool branded AS. Twelve bales of cross-bred pieces made 63d, a similar price being paid for four bales of three-quarter-bred pieces. Seven bales of tliree-quarter-bred locks sold at -lid, and 14 bales of three-quarter-bred pieces A realised 73d. Thirteen bales ot half-bred pieces A made 13d, 21 cross-bred bellies and pieces Did, and 16 of half-bred B 10 Fine half-bred wool brand AB conjoined sold at and four bales of halfbred at 10Sd. . AR Three-quarter-bred wool brand AFt conjoined made 93d for five bales Five bales of half-bred, brand PLK, S °Romney 4 ewe wool, brand Akron, made 9ld for six bales, and seven bales of Southdown, brand B over 7, realised I °A <l "line of five bales of first half-bred ewe wool, brand JB, sold at 123 d. For eight bales of second half-bred ewe and hoggets wool 3 2£d was paid, and for four bales of bellies and pieces 9d. The first line of Corriedale wool offer ed, 4 bales, brand A over H reversed, sold at 12? d. ... , ~... Rock vale half-bred A A made for ten bales and eight bales of halfbred A made 13id. Five bales of first half-ored pieces sold at llid.

For 19 bales of first half-bred ewe, brand P over A and IG, 153 d was paid. Half-bred ewe wool from Piraki made 123 d for 10 bales. Another lot of 7 bales realised 12d. Fifteen bales of half-bred ewe A. brand Westland, made 14d. First Corriedale ewe wool from Glenmark Downs made llid for 14 bales. Twelve bales of half-bred ewe wool, brand Oak Plat over “ S," brought 14d. Fourteen pence half-penny was paid for ten bales of super half-bred ewe wool, brand L X. Park Hill first half-bred ewe wool made 153 d for ten bales. Super half-bred ewe wool, brand S 9 over Glencova, made 14d for ten bales. Pahau Pastures first half-bred ewe wool made lod for 23 bales. Eighteen bales of second half-bred made 14§d, and four bales of three-quarter-bred ewe lid. Corriedale ewe A wool, brand R D M, made 12id for twelve bales. For nine bales of first half-bred, brand Kainui, 133 d was paid. For twenty-five bales of half-bred A wool, brand A over dot, 14d was paid. Corriedale wool, brand Prince , of Wales feathers over G, made the following prices .-.Fifteen bales of ewe A 143 d, 6 of ewe B 133 d, 11 of hogget A 143 d, 17 of hogget B 14d, 5 of first pieces 193 d, 7 of first hogget pieces lOd, and 7 of ewe bellies 83d. From the same clip nine bales of first three-quarter-bred ewe brought 113 d, 4 of three-quar-ter-bred hogget 10 id, 6 of first crossbred ewe 103 d, 7 of second cross-bred ewe lOd, and 6 of Down fleece 10 3d. For eleven'bales of half-bred ewe A, brand Carvossa, 133 d was paid. A similar price was realised for four bales of half-bred ewe B, while five bales of half-bred hogget made 143 d, and five bales of first half-bred pieces made 10.3 d. Six bales of half-bred ewe wool, under brand Croftlea, made 15.3 d. Half-bred wool from Davaar realised the following prices:—Seven bales of first fine ewe 13£d, 10 of first ewe 13d, 23 of second ewe 13d, 7 of first fine hogget 13id, 5 of first hogget 13£d, 5 of ewe cotted lid, 6 of ewe 103 d, 11 of first pieces 9d, and 8 of bellies Sd. For four bales of half-bred wether AA, five of wether A, and nine of wether B, brand star over crescent over ES, 13id was paid. Eleven bales of three-quarter-bred wether A brought 113 d. Lee Brook Corriedale ewe A made 143 d for eleven bales, ewe B, 12d for four bales, ewe hogget 14£d for four bales, pieces 10Jd for four bales, bellies and pieces 9£d for four bales, and crutchings 8.3 d for four bales. Fourteen bales of half-bred A, brand Liddesdale, brought 123 d. Half-bred ewe wool, brand RFC, realised 113 d. Tipapa half-bred ewe wool sold at 123 d for nine bales. Eighteen bales of first threerquarter-bred ewe made 112 d, twenty-four of second three-quarter-bred ewe 10id, twenty of cross-bred ewe lOd, five of first half-bred ewe hog- : get 143 d, and twenty of first three-quarter-bx-ed ewe hogget 103 d. Fine half-bred hoggets from Rafa Downs brought 143 d. From the Stonylea clip, seventeen bales of Corriedale A sold at 15d, eleven of Corriedale B at 12£d, and ten first three-quarter-bred at 12£d. Super half-bred ewe wool from the Grassington clip made 14d for seven bales, first half-bred ewe 13d for fourteen bales, second half-bred ewe 14|d for nineteen bales, first half-bred hogget 14d for five bales, second half-bred hogget 143 d for nine bales, half-bred

,t2id for six bales, half-bred necks 115 d for seven bales, half-bred pieces 10d for thirteen bales, and half-bred bellies 72d for five bales. Eight bales of half-bred ewe A from Kia Ora Downs sold at 14 3d. Nineteen bales of first half-bred ewe wool from the Farfield clip were bought by a New Zealand mill at 16 3d. From the same clip fifteen bales of half-bred ewe made lod, seven bales of first three-quarter-bred ewe made 123 d, and nine of first half-bred hogget 153 d. Seven bales of Corriedale ewe A, brand Glenorchy, made 14Jd. Blairlogie Corriedale wool made the following prices: Four bales of ewe AA 14Jd, nine bales of ewe A 15d, seven of ewe B 123 d, six of hogget 12d, 8 of first Corriedale pieces 103 d. The’ bulk of the Mount Torlesse clip was passed in, the bids for six lots, representing seventy-five bales, not reaching the reserves. Five bales of Corriedale A wool, brand WGA, realised 14d.

sorer:—'' Bales. Matson and Co .. . 2090 Pyne, Gould, Guinness . ... 7004 N .Z. Farmers ... 5163 Dalgety and Co National Mortgage ... 2245 N.Z. Loan Company ... 1853 Total

Nov., 1929. Jan., 1930. d. d. d. d. Merino— Super .... — to 135. — Medium .. 11 to 122 95 to 115 Inferior .. — to 10:1 — Corriedale— Extra. super — to 182 — to 165 Super 14 to 155 13 to 14 Medium .. 3 2* to 13* - 3 1 to 123 Inferior to 111 10 to 102 Half-bred— Extra super — to 185 — to 16* Super .... 135 to 35 322 to 14* Medium .. 32 to 13 11 to 125 Inferior .. IT to 115 9 to 102 Three-quarter-bred— Super 113 to 125 H to 122 Medium .. 102 to lli 10 to 103 Inferior . . 9 to 10* 8 to 92 Cross-bred — , ., n _ Super .... — to 113 — t° 102 Medium .. 10 to 102 9* to 10 Inferior . . 8 to 9* 8 to 9 Pieces— Best halfbred 102 to 13 10 to 111 Second halfbred Si to 10 71 to 93 Cross-bred . 65 to 9 5* 8* Cr Best ingS 77. - • 7 to 9J 7 to 8* Low to , „ , p q medium 4 5 to 6* 42 to 04 Bellies— r ESw to' ni'e'd. 7 to S3 61 to 73 - . . G to 8 41 to 51 Low to med. 4 to 51 3 to 4