DEMAND STEADY

Waikato Times, Volume 121, Issue 20275, 18 August 1937, Page 11

DEMAND STEADY

WOOL AT CHRISTCHURCH. VALUES FOR ODDIYIENTS. iDy Tele. rapb.—Press Association.) CHRISTCHURCH, Tuesday. f Crossbreds and threequarter-breds ( sold well, but medium and flne halt < breds were disappointing at the i Christchurch winter wool sale to-day , All the main buying points, except i Japan and the United States, were represented, and competition was steady throughout the sale at rates , | that were early established. j i The catalogue comprised zobo | ] bales, mainly crutchings, but with a f small selection of pieces. Theie , « very little fleece wool and only odd : , lots of this were of attractive quality. ■ The bulk of the offering of crutch- . ings was of medium quality and much of it was attractive. Quite an appre- j , ciable amount of good half-bred crutch- i ings was included. The best price of the day was 2a2d, paid for two very attractive lots of scoured halfbred pieces. Greasy halfbred fleece made to 2ld. and Merino to 19id. Halfbred crutchings made to 15d, and crossbred crutchings to the same priceHalfbreds Slacker. As North Island winter sales have been almost exclusively of crossbred wools, comparison with to-day’s auction is not feasible, but the small quantity of crossbred wool offered sold fully up to North Island rates. Three-quarter-bred and coarse halfbred crutchings also sold steadily at satisfactory prices, but medium and fine qualities were Id to 2d below sellers’ expectations. The main reason for the slacker inquiry for halfbreds was that Japanese orders were entirely absent from the market, and for the first time for two years Continental and Bradford buyers had the market to themselves. The United States, which during the main season and at the North Island winter sales since has been a strong and regular competitor for lower > crossbred wools, was not in the market { 1 to-day because the amount of suitable I wool was too small. All fleece wools sold consistently . well, though they did not realise 1 spectacular prices. Passings were heavy, more than 20 per cent, of the catalogue being retained by the own- ; crs. This was to a small extent due, j i to the ideas of Ihe buyers having become attuned lo Hie rising market, i but was mainly because a very | . considerable, amount of the wool was I offered on behalf of dealers.