THE WOOL MARKET.

Taranaki Daily News, 21 January 1922, Page 5

THE WOOL MARKET.

GOOD CHRISTCHURCH SALE. VERY SPIRITED BIDDING. By Telegraph.—Press Association. Christchurch, Last isight. The second wool sale of the seaaoai opened this morning and continudfl Uli 11 p.m., when the buyers adjourned till to-morrow morning. The catalogue emuprised 2500 bales. Generally the catalogue was not up to the condition of the previous sale, a fair proportion being on the seedy side and lacking lustre. However, there were some very choice clips of halfbred and Corriedale wool forward. The improving tendency at earlier markets this year was fully meifitsiaod, and a most spirited sale resulted. Tbme was an all-round improvement, it being quite the best sale since the resumption of auctions. Only a few lots in each catalogue were passed. Local mills oper-« ated keenly for ail fine wools, but competition from Bradford was much stronger than at the last sale, and a good percentage of high-priced halfbred .was sold for Home consumption. Ansarican buyers were also much more active in the market, and some good wools went that way. The catalogue of merino was small* and it sold iy 2 d per lb better than last sale, the bulk going to local mills. Top merino price was 19 l-4d. Good halfbred wools sold excitedly, and the rise wo from iy t d to 2d. The top price waa 17y g d, but the bulk of the entry of saper. halfbreds averaged from 14d to 15£d. Home buyers paid up to 17d, and a number of lots at 15d also went to them. New Corriedale figures were six bides of the Rakihuri clip selling at 20d, nine at 19Jd and nineteen at 18 l-4d. These went to an operator for outside houszs, and. will probably be for American consumption. Super Corriedale was up l%d to 2Jd per lb. Super three-quarter-brad sold better by about IJd than at last sale, and averaged from 9d to IOJd. The pleasing feature of the marked was the improved demand for crossbred of all classes. Medium (40 to 46) were up from Id to l%d on the December sale, and coarse by about Id. The poor prices that the latter class has met sineo the slide were refreshingly absent today. The demand for scouring woata was unexpectedly keen, being from I%A to 3d, and better for merino and halfbred. The mills competed spiritedly for these. . . j Following is the range of prices:—. Merino super 16d to 19$d, medium 14d. to 15£d, inferior 11 Ad to 13Jd, halfbred super 14? d to 17Jd, medium 12id to 14Jd, inferior 9d to 12|d, ComedaH super 15d to 20d, medium 10$d to 14H» three-quarter super 9d to 13£d, medium 7jd to Bsd, inferior 5d to 6|d. medium crossbred super 7Jd to lljd, medium 6Jd to 7Jd, inferior 4Jd to sjd, coarse crossbred super 6d to 7-Jd, medium 4|d to 5Jd, inferior 3£d to 4fd, merino pieces lOd to 15d, halfbred pieces 9i<l to 12d, second halfbred pieces 6d to BJd, locks 3d to s}d, necks 5d to 9d, crutchings 2Jd to 5Jd.