CHRISTCHURCH WOOL SALE

Dominion, Volume 21, Issue 113, 10 February 1928, Page 10

CHRISTCHURCH WOOL SALE

EXCITED COMPETITION RANGE OF PRICES BY Telegraph.—Press association. z Christchurch, February 9. A remarkable feature of the wool sale that concluded iu Christchurch today is that passings were practically non-existent. In one catalogue of 5600 bales, not one bale was passed at auction, and as far as this particular firm is concerned, this experience is without precedent. When the sale was resumed in the morning the excited competition last night for medium wools was more than maintained, this class generally showing very little disparity on first clnssings. The actual cause of this is hard to explain, except that Continental buyers are equipped with orders for secondary wools, and not super, and the weight of their competition for the former added zest to the competition. Compared with last Christchurch sale there was an all-round improvement in every class of wool of twopence per lb., except for Merino. Tins held last sales values, but very little more. Tn case of pieces, and cotted and dirty wools, (ho advance was more than the figure stated, pieces in lot after lot making within twopence of first classing. On Timaru prices, a full penny advance was recorded for all qualities. There were no new figures made in fleece wools, but pieces made higher prices than on the preceding night. Top figures of the sale, in their resnective classes were: Merino, 25d.; halfbred. 273 d.; Corriedalc, 26Jd.; threequarter bred (according to description). 25d.; medium crossbred, 22Jd.; halfbred niecs. 24d. Altogether the sale was the best held this season in the Dominion, and is the nearest approach to the "boom” prices of 1924-25. The

Following is the range of prices:— Merino, 64-70, 60-64— d. . d. Super 24 to 25 21 to 23} Inferior 18} to 20} Corrledale— Super 25 to 26} Average 22 to 24} Inferior 184 to 21J Fine ha If bred, 58, 56-58, 5 Extra super 26J to 27 J Super 26 to 26} Average 23 to 24} Inferior 19 to 22 Medium halfbred, 50-56, 50 — Extra super 25} to 26} Super 24 to 25 Average 23 tp 231 Inferior 10 to 21 Coarse halfbred, 48-50— Super 21 to 221 Average 10 to 20} Inferior 17} to 18} Fine crossbred, 46-48— Super 19 to 20} Average 17 to 18} Inferior 15} to 16} Medium crossbred, 44-46— Super 17 to 18 Average 16 to 16} Inferior 141 to 15} Coarse crossbred, 40-44-Average 14} to 151 Inferior 14 to 14} Bellies and pieces— Merino, good to super 171 to 21} Merino, low to medium 134 to 17 Bellies— Halfbred, good to super 17 to 18} Halfbred, low to med. 15 to 16} Pieces— Halfbred, good to super 19} to 24 Halfbred, low to med. 15 to 19 Bellies and pieces— Crossbred, good to super 14 to 18 Crossbred, low to m<|J. 11} to 13} Crutcbings— Medium to good .... 10 to 15} Inferior and seedy ... 6 to 0 Locks— Merino 10 to 12} Half bred 9 to 12} Crossbred 7} to 9}