BETTER THAN HOPED

Dominion, Volume 28, Issue 106, 29 January 1935, Page 10

BETTER THAN HOPED

Second Wool Sale at Christchurch SUPERS 4d. HIGHER Continental Buyers Show More Activity MEDIUM SLIGHTLY BETTER By Telegraph.—t’ress Association. Christchurch, January 28. Tlie second Christchurch wool sale ef this season, held to-day, was better than expected. In the earlier half of the sale there was a distinct firming for all super wools compared with the auction in December and a slight improvement for general classes of line wools. An easing tendency developed over the latter half of the sale, but, making allowance for this factor, super wools were higher by a halfpenny per lb. on December rates,- while medium classes were slightly better. A healthier tone extended to some extent to the coarse wools, which met with a more widespread demand. Local mills practically monopolised tlie market for the super wools, but Continental representatives were much more actively in the market for all classes than at the last sale. The top price of the sale was 15Sd., secured for both Corriedale and halfbred, and a number of lots exceeded the 14d. mark. The offering of 25,000 bales was scarcely up to the average for January catalogues. Most of the wools carried more dry yolk, owing to extreme climatic changes during the season. Passings were about Bor 9 per cent. RANGE OF VALUES By Telegrai'h—Press Association. Christchurch, January 28. Following is the range of values compared with those ruling at the December sale:— Dee.. 1931. Jan., 193.>. it. d. d. cl.

KEENLY IN MARKET Local Mills’ Competition Dominion Special Service. C’hristcliurch, January 28. The first catalogue contained a good proportion of super wools, and as the local mills were keenly in the market for these a very satisfactory improvement in values resulted. Within the first half-hour of the sale 13}d. was secured for 11 bales of merino and 14d. for 10 bales of halfbred. Then followed 1-lid. for five bales of balfbred ewe. Shortly after the top price of the sale was secured. 15Jd. for 10 bales (Wilfrid Hall. Hororata) balfbred. For six bales of Corriedale ewe l-ljd. was paid, and later 15d. was paid for 11 bales of balfbred ewe. The local mills secured all these high-priced lots. At the December sale the top price for balfbred was 14Jd., for Corriedale 14Jd„ and for merino lljd. The strong tone was maintained when the sale was resumed after the luncheon adjournment. For Corriedale pieces lid. was paid, and for four bales of hogget pieces of the same clip H}d. The fleece lots were passed. Four bales of balfbred sold at 14d.. 14 bales of Corriedale at 15d., and eight bales of Corriedale at 15}d. The top hall bred price of 15Jd. was secured for four bales of Rydal Downs Corriedale ewe, the second classing of 10 bales making 14Jd. aud four bales of neck pieces 13d Prices Equal December’s Best. Eight bales of Corriedale ewe sold at 15,'d.. and six bales of pieces at 12d. In the last two catalogues offered an easing tendency was apparent. Possibly this was owing to the local mills toning down their activity to some extent. However, prices over the final stages were equal to the best rates operating at the December sale. Pieces showed little, if any, change on the opening rates, as the Continental competition for these continued. Wools just below extra super quality were not so vigorously competed for. Tlie passings in earlier catalogues were comparatively small. Ju tlie first catalogue they were scarcely 5 per cent.. but later in the day they.were heavier, and on an average for the whole offering they were between 8 ind 9 per cent. There were several satisfactory -features of tlie sale absent from the December auction Conipetitim was forthcoming from buying p-.dnls which were completely out of tlie market in December. French. Germac and Japanese buyers did not leave .•> much of tlie absorption of tlie offering to Bradford as they did last month. German Competition.

The Gorman participation, though not so pronounced as that of France, was an interesting development Pieces were in very strong demand by French interests, and in cases pieces made within a fraction or two of the fleece of the same clips. Hogget wool was also in strong request and generally exceeded the rates for the adult fleece of the clips. Coarse wool was left at the December .-sale to a very restricted circle of buyers, mostly Bradford but to-day there was evidence of Continental interest. There was only a very minor improvement for coarse wool on December rates, although passed-in lots six weeks ago sold at a halfpenny in advance.

Morine: 13} Ex super —-. to Super 104 to 111 11 to 12 Medium 9 A to lot !>1 to 101 Inferior 8 to 0 81 to 01 Corriedale: 15 J Ex super to HI to Super 111 to 121 111 to 121 Medium 9 to 11 9 A to 11} Inferior 7'Jto SA <1 to 9} Fine halfbred: 13* Ex super ....... t o 14 A to Super >14 to 12} 111 to lol Medium io* to 111 Wt to 111 Inferior SV to 10 81 to 10 Medium half bred: Ex super 11} to 12 101 to 12} Super B»1 to 11 to 11 Medium SA to 10 84 to 10 Inferior 6 A to 8 64 to 8 Coarse half bred: SA Super to S« to Medium 71 to 81 7 to (11 Inferior di to 0 to Three-quarter bred: Super t 1 1 i !• to 71 Medium o} to 64 «> i’ to 6 Inferior 11 to O4 4 to 0 Medium crossbred: Super 51 to n* oA to (•>} Medium 44 to 0 41 to Inferior ■_> to 4 3J to 44 Pieces: Super to 101 to 12 Good s to 9 8A to 94 Medium 6 to 74 6 to Si Inferior to average 31 to 3 to 5} Bellies; Good to super .. 7* to f) to 9 Inferior to average 4.1 to 7 31 to Crutehings; di Medium to good 4 A to 41 to Inferior 2.1 to 4 J u to 4} Locks: Best 31 to -11 4 to 6 Inferior to medium 2} to 3 to 31