COMMERCIAL

Ashburton Guardian, Volume 67, Issue 48, 6 December 1946, Page 6

COMMERCIAL

WOOL AUCTION AT CHRISTCHURCH

MERINO SELLS TO 39|d Average prices probably in excess of anything since the 1924 season were realised at the first Christchurch main wool auction to-day. The catalogue was 18,097 hales of new wool with 2500 of greasy stock and 1800 ot scoured slipe stock. Bidding was exceptionally keen from the Continent, with local mills buying almost all of the super wool offered. Some buying on American account gave useful support. Bradford operations were limited. The sale was slow but steady throughout. The basis of values established early in the morning held all day. Passings were negligible. The biggest proportion of the offering was fine hogget wool with a good showing of other early shorn wool. After the mild winter and excellent spring, hogget wool from North Canterbury and Marlborough was in outstandingly good order. Some Soirth Canterbury hogget wool was dusty. Adult wool was inclined to be dingy, but in general sound. The sale opened with the first lot making in excess of 30d, and that price was equalled or exceeded regularly during the day. The top price was 39fd, for a single lot of Merino, which has seldom been exceeded at Christchurch. The best price for half bred was 363 d. Little fleece wool of any quality changed hands below 24d. Some Continental and all the local men seemed to be operating without limits. Stock wools also' met with an excellent demand, and most of the catalogue was cleared. The range of prices was:

STOCKS AND SHARES The following transactions were recorded on the Christchurch Stock Exchange yesterday:— Sales on 'Change—Listed stocks: £SOO New Zealand Government 3 per cent. Stock, December, 1953-56, £lOl l2s 6d; 200 Commercial Bank of Australia, 22s 6d; 100 Ballins Breweries (cum div.), 34s Gd; 45 British Tobacco (ex div.), 575; 50 Broken Hill Proprietary, 48s 6d; 50 Electrolytic Zinc (pref.), 65s 3d; 100 Woolworths (N.Z.) (ord.), 27s 6d; £250 and £2lO N.Z. Government 2 i per cent. Stock, 1949-50, £99 17s 6d. Sales Reported Listed stocks: 100 and 55 E., S., and A. Bank, £8 Is; 50 E., S., and A. Bank, £8 0s 6d; 105 Macduffs (ord.), 29s 9d; 200 Niven and Co., 33s 6d; 300 Commercial Bank of Australia (ord.), 22s Gd.

d d. Merino— Extra super 27to 39* Good. to super to 31. Average 23 to 26* Inferior ... 19 to 22 Southdown— Good to super 27 to 28* Average 24* to 26* Inferior .* 20 to 23 Fine Corriedale and half bred 58’s— Extra super 31 to 36} Good to super 28> to 30 Average 26 to 27* Inferior 22 to 24 Medium Corriedale and - Half bred 56’s-—< Good to super 27 to 30 Average 24 to 26* Inferior 21 to 23 Corriedale and Half bred >50-56— Good to super 25| to 2/* Average 22* to 25 Inferior 18 to 21 Threequ ar ter-br ed—> Good to super 20 to 22 Average 18* to 19* Inferior 17 to 18 Medium Crossbred— Good to super 19 to 21 Average 18 to 182 • Inferipr 15 to 17 ' Hogget Wool Fine Holfbred— Extra super 30* to 33 , Good to super 28 to 30 Average . 25 to 27* Inferior 21 to 24 Medium Halfbred— Average .. .* 24 to 27 Inferior 21 to 23 Fine Crossbred— Good to super 22 to 24 Average 20 to 21* Inferior IS to 19 Medium Crossbred— Good to super 21 to 22 Average 19 to 20* Inferior ... 17* to 18* Pieces Halfbred— Good to super 24 to 26 Average 21 to 23* Inferior 14 to 18 Fine Crossbred or Threequ arterbred— Good to super 18* to 21 Average 16 to 18 Inferior 12 to 15 Bellies Halfbred— Good to super 18* to 21 Average 17 to 18 Crutchings Good to super 13* to 15 Average 111 to 13 Inferior 9' to 10* Threequarter-bred or Fine Crossbred— Good to super 13 to 15 Average 11* to 123 Inferior 8 to 10 Locks > * Halfbred 8 to 11 Crossbred 7* to 9}