WOOL PRICES UP.

Taranaki Daily News, 17 November 1922, Page 5

WOOL PRICES UP.

MARKED IMPROVEMENT. GOOD CHRISTCHURCH SALE. ACTIVITY AMONG BUYERS. By Telegraph.—-Press Association. Christchurch, Night. The prediction that the fine wool market would record a substantial improvement this season was more than realised at the opening of the Christchurch sale to-day. The commandeer prices were exceeded in all -wools of line quality and there was a verymaterial recovery also, though not to the same extent, in coarser grades. The catalogue (4370 bales) consisted mostly of small fanners lota, with occasional station lines. Generally it was in very fair condition. A proper tion showed signs of earthings, through turnip feeding, but the bulk was free from seed, although stained by the frequency of nor’-westers. Bidding was keen from the outset, apparently buyers possessing very clastic limits. Local mills were nearly all represented and for all 50 count and over wools, including pieces, they operated keenly, Home buyers followed them closely. it would be a conservative estimate to assess the prices at from 3d to 4d on an average above brokers’ valuations and naturally under the circumstances passings were inflnite, several comprising only about a dozen lote. Pieces showed a remarkable appreciation and New Zealand mills went to substantial prices for these. A good proportion of 46-48 wools were acquired by American representatives, whilst Home buyers and representatives qf Continental houses acquired the bulk of 36 44 grade. Average values for merino were ahead of those of the May sale by 5d to Sd per lb and half bred by 4d to 6d, the bulk of the half bred catalogue selling at from 18d to 20d, with much more over the latter figure than under. Corriedale showed a similar rise, threequarter bred from 3d to 4d and crossbred lid to 3d. Following is the tange of prices: Merino super 22d to 25fd, medium to 21K inferior 16Ad to 19d; hiilbred, super 20y 4 d to medium to 19jd> inferior 12d to I6d; Corriedale, super 20d to 23d, medium 17d to 19$d; Southdown 16y 4 d to 17d; threequarter bred, super 13d to ISJd, medium lid to 12Jd, inferior Bsd to IOJd; crossbred, super lOjd to 13Jd, medium 7d to 9}d, inferior 6d to 7d; halfbred pieces, Ist 13d to 18y 4 d. 2nd 9d to 12id; crossbred pieces 4%d to 7d; licks, halfbred 5d to Gd, crossbred 4d to sd; crutchings, medium to good 6%d to lOd, inferior 45d to 6d.