WOOL ADVANCES AGAIN

Evening Star, Issue 19787, 10 February 1928, Page 11

WOOL ADVANCES AGAIN

BEST SALE OF SEASON [Feb United Pebss Association.] CHRISTCHURCH, February 9. A remarkable feature about the woo! sale that concluded in Christchurch today is that passings were practically non-existent. In one catalogue of 5,600 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 of last evening for medium wools was more than maintained, this class generally showing very little disparity on first classings. The actual cause of this is hard to explain except that Continental buyers are equipped with orders for secondary wools and_ not for_ super., and the weight of their competition for the former gave added zest to the competition. _ Compared with last Christchurch sale there was an all-round improvement in every class of wool of 2d per lb, except" for merino. This held last sale s values, but very little more. In the case of pieces and cotted and dingy wools the advance was more than the figure stated, pieces in lot after lot making within 2d of first classing on Timaru. Prices fully a penny in advance were recorded for all qualities. There were no new figures made in fleece wools, but pieces made higher prices than on the preceding night. The top figures of the sale in their respective classes were: Merino 25d, halfbred 273 d; Corriedale 26|d, three-quar-ter-bred (according to description) 25d, medium cross-bred 22Jd, half-bred pieces 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 — Super., 24d to 25d. Average, 21 d to 26}-d. Inferior, 18]d to 201 d. Corriedale — Super., 25d to 26Jd. Average, 22d to 24 \ d. Inferior, 18]d to 21]d. Fine half-bred, 58, 56/58, 56 Extra super.,, 26Jcl to 27Jd. Super., 25d to 26Jd. Average, 23d to 24 id. Inferior, 19d to 22d. Medium half-bred, 50/56, 60— Extra super., 251 d to 26]cl. Super., 24d to 25d, Average, 22d to 2 d. Inferior, 19d to 21 d. Coarse half-bred, 48/50 — Super., 21 d to 22Sd. Average, 19d to 20.'d. Inferior, 17Id to 18]cl. Fine cross-bred, 46/48 — Super., 18d to 20]d. Average, 17d to 18.U1. Inferior, 15]d to 16Jd. Medium cross-bred, 44/46Super,, 17d to 18d. Average, 16d to 10/'d. Inferior, 14]d to 15|d. Coarse cross-bred, 40/44 — Average, 14? d to 15Jd. Inferior, 14d to 141 d. Bellies and pieces— Merino, good to super,, I7]d to 21 id. Merino, low to medium, 13]d to 17d. Bellies — Half-bred, good to super., Ed to JS3d. Half-bred, low to medium, lod to 16]d. Pieces — Half-bred, good to super., 19]d to 24d. Half-bred, low to medium, lod to 19d. Bellies and pieces— Cross-bred, good to super, lid to 18d. Cross-bred, low to medium, Hid to 131 cl. Crutchings— Medium to good, lOd to 15|d. inferior and seedy, 6d to 9d. Locks— Merino, lOd to 12]d, Half-bred, fid to 12id. Cross-bred, 7]d to 9id.