THE WOOL MARKET

Taranaki Daily News, 19 December 1921, Page 4

THE WOOL MARKET

THE CHRISTCHURCH SALE. A SPIRITED TONE. By Telegraph—-Press Association. Christchurch, Last Night. The wool sale was continued until midnight on Friday with good competition. A ten -bale lot of half bred made 17Ad and 28 bales of the sama clip 17d. The New Zealand mills secured practically all the top priced lots, but Bradford was in close pursuit, and that the Home buyers had limits to enable them to do this is regarded as a satisfactory feature of the sale. A choice lot of crossbreds made BJd. When the sale was resumed on Saturday morning competition was quieter, a good few plain wools being submitted. Activity was at once renewed when the good wools of any class were offered. The local mills continued to buy freely and up to ISfd, 18d, 17d, and 16d was paid for Merino, one lot of Merino pieces making 15fd. Several lots of Corriedale made )51d to 17Ad and Southdown 12d to 13£d. Fine crossbred, which sold well for a few lots offered the previous night was taken up practice ly wholly by Bradford and a number of lots of good light’ 44’s made from 6d to 71d. On this class of crossbred, values were fully up to rates at the northern sales and were an improvement on the last sale here. There was a restricted demand for coarse crossbreds by Home buyers who took the -bulk at a figure showing a slight strengthening on the last sale. Although most of the passings up till the last catalogue were of this class the tone was healthier and buyers obviously did not have the elasticity about their limits for this class that they did for halfbred. A great deal of crossbred wool was sold at 4d to 5d per lb. American buyers operated restrictedly, securing a small proportion of medium fine wools but apparently the values were beyond their limits. In the afternoon one local mill which had operated freely for super wools retired and. -the others restricted their biddings, the result being that values for halfbred slipped back. The overnight improvement on the last sale here was from 2d to 3d per lb, but this afternoon a. drop back of about a penny occurred. Of the first five catalogues offered between 85 and 90 per cent, was sold but passings in the final catalogue were frequent and reduced the total proportion sold to abdut 80 to 85 per cent. The prices were:—Merinos super 13Jd to ISJd, medium lid to inferior 9d to Hid; halfbred super 13d to 17>d, medium lOd to 12Jd, inferior 6d to 94d; Corriedale (super) lid to 163 d; Southdown 9d to 13id; Romney 6d to 8d; crossbred super Gd to 83d, medium 4|d medium 6d to inferior 4£d to s£d; crossbred super Gd to medium to SM. inferior 3d to 4d; Merino 9d to —; halfbred 7d to crossbred 3|d to 4jd.