WOOL PRICES RISE

Gisborne Times, Volume LXX, Issue 11128, 12 February 1930, Page 5

WOOL PRICES RISE

THIRD SALE AT CHRIST-

CHURCH.. j HA'U*" AND CROSSBREDS INCREASE tiP TO OM HALE PENNY. KEEN COMPETITION AND I KAY PASSINGS. (Press Association.) C IUtISTCHI4‘CM, Fob. H. The third sale of the present sea. sou’s Christchurch series was commenced last night}.* and will be. concluded to-day. .Before adjourning ll,€oo bales hacl. been offered, representing half of the catalogue. There was a lull bench of buyers, all consuming points being represented. The sale was anticipated with unusual interest, as the hardening a.t Timjaru created the hope that the continued run of falling prices since the comirVenceiment of the season had :a>t last been arrested. This hope was confirmed to.night. (Fine and threeJq narter bred wool was better than at the southern centre by up to a halfpenny, and for n.U ofliei wools prices wore firm, and competition exceptionally ,ke<»n, at the best of Tiniaru prices. There was little elasticity in buyers’ limits, it being obvious that they were operating under strictly defined limits. A few Continental representatives, who were prominent a.t the sales hero, were silent to-night, but there was much more competition by Bradford and also America The Continental representatives were mainly interested in scouring wools, and local fellmongers were also in the com pet i- '* for this class. There were some withdrawals from t\vo or three of the catalogues, and <fho (passings over the first three catalogues represented approximately 10 per cent.

1 The best prices for half bred was 13jd for eight, bales of Weld’s Hill ewe, ..the -second classings of the same clip (12 hales) making 12.1 d. Twelve bales of Okawa halfbrod ewe sold at Eld, 14 bales Waitohi Beaks Did, and nine of Kakare ball bred at the same figure. Several ot'w lots made from 12d to L2:]d. Best Corriedalo price, and the highest price of the sale so far was Dljd, for 10 bales of hogget wool Glonafr'ro brand, and 21 bales of ewe of the same din made 13d.