CHRISTCHURCH SALE

Hawke's Bay Herald-Tribune, Volume 81, Issue 69, 14 December 1937, Page 7

CHRISTCHURCH SALE

-Press Association.)

Animated Bidding By Continent top realisation 20}d

(By Telegraph-

i CHRISTCHURCH, Last Night. ■ Animated and steady buying, mainly from the Continent and local mills, raade the first Christchurch sale of the new season, held to-day, the best of the New Zealand series to date. Values for halfbreds were well above expeetations and there was a rise of from id to just under ld on Wellington cross* bred rates. Bidding was free throughout the day and the tone of the sale was excelient. The original allocatiou for the sale was 28,000 bales, but withdrawals earlier and a few more just before the sale began reduced the offering to a little under 24,000 bales. Growers showed ei ery wiliingness to meet the market and passings were normal. Prices were, of course, much below the high values of the first sale of last year, when the Japanese, having refused to buy in Australia, were forced to get their supplies at any price and in competition among themselVes sent values rocketing. The xeturns from to-day 's sale will, however, be mcst acceptable to growers. The prices were from par to higher than prices at the first sale of the 1935-36 season, when f armers were tlated at the rise following years oi depressed values. The most i .easing f eature of the sale was that, while there were no unduly high priees paid, the average was excelient and every type of wool met a good demand. The top price was 20Jd for four bales of halfbred ewe sold on behalf ' of Mr. J, E, Scott, of Mount Pleasant. The range of prices is as follows: — Merino: 64-70, 60/64 — Super, 15d to 17£d. Average, 13d to I4fd Inferior, 10} to 12}d. Corriedale — Extra super, to I9}d Super, 14|d to 18d. Average, 13d to 15d. Inferior, lld to 12}d Eine halfbred: 56-58 — Extra super, to 20}d. Super, 15£d to 17d. "Average, 13}d to 15}d. Inferior, 12d to 13d. Medium halfbred, 50-56, 50Super, 14d to 15|d. Average, 12}d to 14d. Inferior lOd to 12d. Extra fine crossbred, 58-50- ♦ Super, 12|d to 13}d. Average, lld to 12}d. Inferior, 9d to 10}d. Fine crossbred — Super, ll|d to 13d. Average, 10}d to ll}d. Inferior, 9d to lOd. Medium crossbred, 44-46— Super, lld to ll}d. Average, 9|d to 10|d. f' Inferior, 8d to 9}d. Bellies— Merino, good to super, ll}d to 14d. Low to medium, 8d to lld. Bolliee— Halfbred good to super lOJd to 12d Low to medium, 8fd to lOd. Pieces — Halfbred, good to super, l'2d to 15}d. Low to medium 7d to ll}d. Bellies and Pieces— Crossbred, good to super, 9d to lld. Low to medium, 6}d to 84d. Crutchings — Halfbred, medium to good 8d to 10fd. Infeiror and seedy, 5d to 7}d. Crossbred, medium to good 8d to lOd. Inferior and seedy 5d. to 7}d. Necks — Halfbred 5}d to 6|d. Crossbred 4d. to 6d.