WOOL MARKET

Wairarapa Daily Times, 2 March 1934, Page 4

WOOL MARKET

CHRISTCHURCH SALE. PRICES DECLINE. CHRISTCHURCH, This Dnegjl An all-round drop, of approximately 3d jier pound, compared with the January sale, was the main feature of the third Christchurch wool sale, which opened to-day before a full bench of buyers. The main drop was in three-quarter breds and crossbreds which were down as much as fourpenee. Pieces and crutchings sold well but fine halfbreds were down about twopence. The offering was 24,500 bales. The prices may improve slightly in the afternoon, as the sale opened this morning with the three smallest catalogues.— (P.A.) SYDNEY SALES. { EASING IN VALUES. ■ SYDNEY, Thursday. At the Sydney wool sales to-day, 12,756 bales were offered, 9717 being sold at auction, also 2144 bales privately. The market closed on a par with/the previous day. The recent irregulSKp in crossbreds continued. Japanese and Continental buyers were active; also Yorkshire for suitable sorts. Greasy Merino sold to 25-ld for five bales from Uralla, New England. The average price of the wool sold during the first three days of this week was £2l 14s Id a bale, or 17.fid per lb. The average price for the 24th February was £22 lfis Pel or 18.9 d per lb.; and for the week'ended 17tli February, £23 Ss Id a bale, or 19.4 d per lb.