WOOL MARKET

Wairarapa Daily Times, 26 January 1932, Page 5

WOOL MARKET

CHRISTCHURCH SALE. ADVANCE IN PRICES. CHRISTCHURCH, Monday. The second Christchurch wool sale of the season was held to-day, when a catalogue of 25,057 bales was offered to a representative bench of buyers. The offering comprised a good selection of wools, the bulk being of 50 count and over, well grown and bright in condition. Bidding was animated from the outset for all finer lots, and immediately dispelled any fear that there would be a repetition of the disappointing Auckland sale. France and Germany secured a heavy proportion of the catalogue, with Bradird also lifting a fair average. Local -®nis made the pace for all super wools, and were the primary cause of the advance. "Japanese buying was very restricted, and America was practically out of the market. An advance of a penny was recorded in practically all classes of fine wools. The most noticeable improvement was in avools which in December averaged 7id to Sid, while 'to-day they sold at Sid to lOd. As the bulk of the offering comprised wool of this sort, the improvement was widespread. Fine pieces advanced a full penny, there being a sustained demand from local, Home and Continental buyers. Most of the coarse wool sold round about 4d to 4id. A fair proportion failed to reach even 4d, and only occasional lots exceeded sid. The passings represented about 5 per cent of tho offering. Tho besLprice of the day was 1-Ad for Corrie«le ewe. The top halfbred price was 12- 4 d, and Merino realised the same figure. The following is tho range of prices: Merino, 64/70, 60/64.— Extra super, to-M2|d; super, 9id to average, 93d; inferior, 6id to 73d. Corriedale.—Extra super, 11-Jd to 12|d; super, lOd to Ild;_ average, S 4 d to 93d: inferior, 63d to 73d. Fine Halfbred, 56/58. —Extra super, to 12:ld; super, lOd to lid; average, 9d to 93d; inferior, 63d to 83d. ‘ Medium Halfbred, 50/56. —Super, 9 2 d to 104 d; average, 8?d to 9?d; inferior, 54d to 74d. Coarse Halfbred, 48/50.-&uper, Sd to 9d; average, 6jd to 73d; inferior, ad to Fine Crossbred, 46/48. Super, 6-Jd to S3d; average, 4*d to 63d; inferior, Bid to 43d. Crossbred, 44/46.— Super, 5-3 d to 63d;' average, 4d to sd; inferior, 3d to 33d. . Bellies and Pieces.—Merino: Good to super, 163 d to 93d; low to medium, od to 6d. Bellies. —Halfbred: Good to super, 53d to 7fd; low to medium, 4d to 5Jd. Pieces.—Halfbred: Good to super, <Ad to lid; low to medium, 3fd to 73d. Janies and Pieces.—Crossbred: Good toUsuper, 4d to 61d; low to medium, 2d to 34d. , Crutchings.—Medium to good, 3 4 d to 43d; inferior and seedy, Id to 2d. Locks.—Merino, 23d to 33d; halfbred, 13d to 23d; crossbred, Id to l 4 d. (P.A.)

SYDNEY SALES. . , . FRICKS FIRM. SYDNEY, Monday. At the wool sales to-day, offerings totalled 10,637 bales, of which 10,191 were sold at auction; also 334 bales privately. T The chief support came from Japan and the Continent. There, was an excellent demand for skirtings. The market remained firm. Greasy Merino made up to 16d. The average price of th 6 wool sold last week was £ll 9s 9d a bale, or S.9bd a-lb. LONDON SALES. , LONDON, Sunday. ><4tftoigs wool sales yesterday weSISfl ball, including 4906 New Zealand. About 6140 bales were sold. The Home and Continental demand was steady, and prices were fully maintained. Zealand Realisations were. ... , greasy crossbred, “Tenakoe, Ua „ Sid; scoured, combing, ‘ Eviemore, 19d to 1"Id. OUTLOOK AT HOME. LONDON, Monday. Mr W P. Devereux, representative of tho Australian Woolgrowers’ Association in Europe, reports that under active and increasing Continental competition, mainly German, .there is a steady oeneral demand in Yorkshire. * The wooU&cs in London have shown a hardening tendency, and withdrawals of all descriptions of wool aie deSC Sford n< Spfr“ C 'incli t ate> that^on-

is not much new business. Prices for crossbred tops are unchanged. The Continental tops market is quiet, owing to a decrease in exports and to the complex international situation. But stocks of tops are light, and current low prices should stimulate consumption. The futures markets are quiet, yet steady, with only minor fluctuations, and those taking an upward direction.

FRANCO-BELGIAN PACT

LOWERING OF TARIFFS. (Received Tuesday, 5.30 a.m.) PARIS, Monday.

Representatives of French and Belgian woollen industries have reached an agreement to work for the mutual lowering of tariffs on woollen goods. The agreement will be submitted to interested countries.