BETTER THAN EXPECTED

Evening Post, Volume CVIII, Issue 133, 2 December 1929, Page 13

BETTER THAN EXPECTED

CANTERBURY WOOL SALE

(By Telegraph.—Press Association) CHMSTCHURCH, Ist December. The first wool sale o£ the Christchurctt season was held ou Saturday, when the catalogue comprisej 15,200 bales Thl wool, with 3 moderate showing of plain and crossbred, and only a few lota: of penno. Station wool wls in good order ™5 TV* PIaiDS clip* ™ ffi and discoloured on account of the dry;

The market was • rather an agreeablp surpnse for vendors of good halfofed and Coiriedale wool. These classes were much better than expectations. Continent competition, especially of Russia, which interests secured a heavy proportion of better wools was to the fore, for with the local mills, Bradford was very little M nf i?i etV Home parity beine about 2dlb below the prices paid. America secured a fair proportion. The top Corriedale price was ISSd for if 1/j ,;„ ®ther Corriedale prices were HHd, WKd, and-HXd. Top Corriedale price last season was 24& d. The besu fiilfbred price was 18% d for 11 bale* otner figures being 18% d, 17% d, and several down to 17d; Very little of the good fane wool was passed. Top half bred price last year was 2ii. - . : .•.

The coarss wool market -and tha £=fbrall classes of pieces was disappointing. ■ The selection of crossbred was not good a. considerable proportion of it being dusty. .Nominally prices were down from a halfpenny to a penny below Wellington sales, but the yield probably will show little difference. Pieces and bellies of-all qualities relapsed badly from last year'E figures. A good deal of the better pieces and sorts then averaged from 17d to with special lots at 21% d.. • At the present sale 10% dto 12d was the average fo<best.

The sale; on the whole, was niuch" better than anticipated, . the -good class fleece wools substantially exceeding valuations. Prices for . other classes scarcely held northern rates. Slightly over 11 per cent, of the offering was passed. The following is the official report:— There was a good selection of fine qualitywools containing a good proportion o£ hogget?, the condition generally' being fairly sound and ligiit. Many of;the clips were discoloured and dusty owing to the dry season. Bidding waS keen and well sustained up to restricted limits. A number of super lines met with an exceptional demand from local mills and foreign competitors. The following is* the range of prices:--

Merino— . 4. 4. Super 13 to 13% Average ....:....'..-..:.... 11 to 12% Inferior g% to 10% Corriedale— . Extra .super to 18% Super 13% to 15 Average ; 12 to 33 Inferior 10 to-11%' Halfbred— Fine extra super to 18% Super 13% to 15 Average : .12 to 13 Inferior 11 to 11%' Medium Halfbred— - Extra super .to 17% Super 13 to 14% Average .' 11%.t0 12% Inferior 9' to 11 Coarse Halfbred— - . Extra super „ to 14% Super 32% to 13% Average 11 to 12 Inferior 9 to 10% Fine Crossbred— Super 11% to 12%' Average 10% to 11%' Inferior ....» 9 to 10 Medium Crossbred— Super 10% to 11%' Average 10 to 10% Inferior ...,, S to 9 Bellies and PiecesMerino, good to super ... 9 to 11 Merino, low to medium .. 7 to B%' Pieces, halfbred— Good to super 10% to 13 Low to medium '. 6% to 9 Bellies and Pieces, croEsbred— Good to super 8 to 10 Low to medium ;* 6 to TVi Crutchings— ' ■. Medium to good 7 to 9 Inferior and seedy 4 to 6 Locks — . Merino 5 to 7 Halfbred 4%. to 6>£ Crossbred v .. 4 to 5&