HIGH WOOL PRICES

Chronicle (Levin), 17 May 1948, Page 5

HIGH WOOL PRICES

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Values At Christchurch Up Ten Fer Cent

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CHRISTCHURCH, Mdy 17. Wddl prifefes rfeachefl their highesfc levfel df the seasoh at the fotirth Christchurch wool sale , today, the averagp increase in values over the bulk of the dfferlrig being abo'iit 10 jp'ei cfeht. Sdmfe df tlie better class fine wools were .up as much as 4d arid 6d pei: pBund on rates at. the third Christ'chitrch sale on April 5, ahd crossb'f feas ahd three -quarterbre'ds were firriiel by 2d. to 3d per lb. . . , Early ih the sale 64d was paid fbf a line of Merino Wool, this bfeing the highest pricfe reached _ ih Chri'stchtu'ch this .sfeasoh, thdugh not a flew Zealand record. .. Some of the big statidri clip offered. niet with an ekrra'dtdinary §ale. The offeririg, Which tbtalled 11,759 bales,. was all. tliiS Sfeason'S except about £000 .bdieS oi iStock wopl from 1^43 to. 1946... , • i... ■ The clips iiiclu'de'd sbihething v df everything ranging frbrii supfer Merinos to low crossbreds. There was a full bench of biiyers ahd competition throughout thfe morning was animated with Contiherital and Yorkshire buyers forcing the pace. Ldbal mills Wfere coriipara--tively quifet. Yorkshire mills have been unable to sfecure all the wodl they want for thfe off-sfeason and thiS explained their activity.