WOOL MARKET

Wairarapa Times-Age, 23 August 1939, Page 3

WOOL MARKET

CHRISTCHURCH SALE.

SATISFACTORY PRICES. (By Telegraph—Press Association.) CHRISTCHURCH August 22. A supplementary sale of wool was held this afternoon, there being a good attendance of buyers representing local mills and fellmongers and overseas interests. The catalogue, which comprised 2169 bales, was the usual offseason assortment. Crutchings and pieces formed the major proportion, though there was a moderate showing of fleece, mostly stragglers’ wool from merino and halfbred flocks. The crossbred wool offered comprised prac - tically all crutchings and pieces. The sale was a good one, considering the quality of the wool offered, and quite on a par with expectations to a shade better for coarser crutchings. Best merino and halfbred fleece made to 12d per lb in several cases, the bulk of the fleece lots ranging from 9d to IOJd. Merino crutchings were well represented, and these sold freely at from 7d to 9d per lb for best, with secondary round about Gd. Pieces matte up to lOijcl and secondary lots from 6d to Bd. Crossbred crutchings sold exceptionally well, a three-bale lot from South Westland making lid per lb, with other lots from 81d to 9’,d. and the bulk of this class ranging from 6cl to 71 d. There was general competition. The local mills were freely in the market for all classes of finer wools and took a substantial proportion of this class. Overseas’ interests also operated spiritedly and secured most of the remainder. Passings were confined mostly to inferior lots, and in the aggregate amounted to only a moderate proportion of the catalogue. WANGANUI CHEQUE. (By Telegraph—Press Association.) WANGANUI. August 22. _ The Wanganui Woolbrokers’ Association gives the following figures for the winter sale on July 26:—Bales of - fered 2963; bales sold 2787; total proceeds £32,175 15s 7d; average a bale £ll 10s lOd; average a pound 7.83 d. At the corresponding sale last winter, 1848 bales were sold at £lO 6s 8d a bale or G.75d a pound.