WOOL SALES

Hokitika Guardian, 15 December 1930, Page 5

WOOL SALES

AT TIM Alt U. (By Telegraph—Frees Association). , TIMARU, Dec. 15. The first wool sale of the current season in Timaru took place to-day when catalogues aggregating 5919 hales were submitted, compared with .;.z.jl ai trie opening sale last year. The reduced offerings were due, in a measure, to the broken weather ex perienced during shearing season, coupled of course with the lack of anxiety on the part of growers to place their clips <> i the market, as a result of the weakness of the demand and low values ruling.

The wool opened up was clean mnl in excellent condition, and taken all round was quite up to the (Standard of previous years. There was a medium bench of buyers, overseas and Dominical firms being well represented.

The wool generally speaking opened up in fairly good condition and the offering contained quite a number of choice clips. On the other hand, however, a* fair proportion suffered ■through having been shorn while damp, as a result of unfavourable climatic conditions.

The sale was quite as firm rb Christchurch, but buying was spread over a wider field. Bidding was very keen and well sustained throughout, but as at all previous sales this season buyers worked under restricted limits. The market was essentially dominated by Continental buyer*, although it was noticeable that Germany did rot operate nearly so freely as at Christchurch sale. Bradford was comparatively quiet, raid America did not, operate. Dominion nulls competed keenly for super lots while local speculators were in the market for pieces, lvellies and lockcs. All things considered, prices were :>(= firm at Christchurch rates, there being no quotable change. The range of prim was —Merino 5-]d to 8(1, lmlHired old to 9. threeqiiartorbved old to 7»d. crossbred 4d to Gild: Corriednlc fid to 7ld; piece* Ad to 71 d; bellies 3d to fijd : crutch - ings 2d to 3ld; necks 4d io GUI; dead •Id to old.