TIMARU WOOL SALE

Bay of Plenty Times, Volume LXXVI, Issue 14570, 14 January 1948, Page 3

TIMARU WOOL SALE

MERINO REALISES

62Jd

Gratifying Prices

Paid

Total Proceeds Estimated To Be £1,250,000

(P.A.) Tirnaru, Jan. 13. South Canterbury growers had good reason to be satisfied with the prices paid for their wool at the first main Timaru sale of the season today. The top price was 62|-d. High country runholders with entries of Merino wool had special reason to be gratified. Their wool opened out in excellent condition. It was described as the best in quality of any Merino offerings for many years.

Some of the big back-country stations were represented by huge clips and some averaged as much as 50d over the whole clip. The top price, 62Jd, was paid for three bales of superfine Merino from the Braemar estate of Bruce Murray and Sons. The buyer represents both Bradford and Continental interests. The next best price was 61d paid for the best three bales of 32 sold on behalf of the Richmond run, the property of Pringle Brothers, Cattle Valley. Three bales from the Glenlyon station, near Lake Ohau, brought 601 d. Other lots of first quality fleece wool exceeded GOd. The total offering of 30,171 bales, which took from 9 a.m. until 8.50 p.m. to sell, is estimated to return a cheque of about £1,250,000’t0 the growers of the district, 90 per cent of whom are in South Canterbury and the Mackenzie Country.