SECOND WOOL APPRAISAL

Press, Volume LXXV, Issue 22894, 15 December 1939, Page 12

SECOND WOOL APPRAISAL

Yaluing To Begin On January 8 PRICES FOR PIECES

The second appraisal of wool in Christchurch will begin on January 8. Wool is coming in rapidly from the country at present, and a good deal of that valued last week will have to be moved if congestion in the stores is to be avoided. The highest prices so far reported are 19d per lb in Christchurch and 20id in Blenheim. These prices are regarded as very good, considering that they were obtained on appraisal and not at auction, where high prices are almost always obtained for the best wools through competition among local mills.

Local mills this season are given first choice of the wool. In practice, the local men indicate what wool they require, and it is marked and appraised. If more than one mill wants one lot of wool, an arrangement is made among the mills. The system precludes “fancy” prices being paid but only an insignificant portion of the New Zealand clip is affected. Up to 16d per lb was paid for pieces during the first appraisal at Christchurch. The prices generally were considerably better than those last year. The following is the full range of prices obtained at Christchurch. It appears unlikely that the range will be altered this season. Merino— d. d.

Ex. super — to 174 Super 14| to 164 Average 11 to 14 Inferior 94 to 10| Corriedale— Ex. super — to 19 Super 16 to 174 Average 13 to 154 Inferior 105 to 12J Fine Halfbred (56/58) — Ex. super — to 184 Super 16 to 17 Average ' 134 to 153 Inferior 105 to 123 Medium Halfbred (50/56) Ex. super — to 174 Super 154 to 16f Average 124 to 15 Inferior 91 to 114 Extra Fine Crossbred (48/50)— Super — to* 143 Average IIS Jo 134 Inferior 10 to 111 Fine Crossbred (46/48)— ' . . Super 123 to 134 Average 11 to 124 Inferior 10 to 103 Medium Crossbred (44/46) — Super 12 to 123 Average .. , 101 to 11J Inferior 9 to 10 Pieces— Halfbred: Super — to 16 Average 11 to 13 Inferior 84 to 104 Crossbred; —' to 113 Super Average 8| to 10 Inferior 7 to 8 Bellies— Halfbred 9 to 124 Crossbred 74 to 9 Locks — Halfbred 44 to 74 Crossbred 4 to 6| Crutchings— Halfbred: Average to good 84 to 104 Inferior and seedy 5| to 8 Crossbred: Average to good 8 to 10 Inferior and seedy 5 to 74