KEEN WOOL MARKET

Evening Star, Issue 19786, 9 February 1928, Page 6

KEEN WOOL MARKET

THE CHRISTCHURCH SALE GENERAL APPRECIATION IN VALUES |Peb PsiTEb Phess Association.] CHIUSTCHUKCH, February 8. The third Christchurch wool sale of the season was commenced to-night, when 10,000 bales of a catalogue of 24,000 were disposed of. The sale will be resumed in the morning. Back-coun-try clips were well represented in the offering. The wool opened up moderately, but there was an unusual proportion of tender and a fair amount of dusty and seedy. There was a full bench of buyers 9 representing Home, Continental, Australian, and Now Zealand houses. From the outset is was obvious that a very keen market was to ensue. Bidding was in broadsides, and some operators apparently were not very much embarrassed with limits. All the buying points were in the competition, Continental and Home buyers securing the bulk. As an indication of the keenness of the market, only four bales were passed in the first catalogue of 2,000 odd bales, and the passings in the 10,000 bales disposed of to-night were fewer than 25 bales. Compared witth the Christchurch sale in January, the various classes of wool were up by 2d to 3d a lb, and on the Timaru sale of last week there was a general appreciation, with prices showing an exceptionally strong tone. The top price of the evening was 27-idj which was secured for the first classing of two different clips. Several other prices ranged from 26fd to 27’d. Half-bred pieces touched 23fd, and Corricdalo fleece 26id. Lots described at three-quarter and coarse-bred made respectively 24|d and 22Jd. The average price of half bred throughout the evening was 22d to 25d, Corriedale 22d to 24]d, and cross-bred 16d and 18J-d.