CHRISTCHURCH WOOL SALE

Press, Volume LXXXVII, Issue 26599, 8 December 1951, Page 4

CHRISTCHURCH WOOL SALE

Better General Demand

SOME IMPROVEMENT IN PRICES Prices were not a great deal higher yesterday at the second day of the first Christchurch wool sale of the season, but there was a broader demand for secondary sorts of wool, and a much healthier tone to the market than there was on Wednesday. The sale moved briskly throughout the day, and finished very strong.

Yesterday’s catalogue included 20,163 bales, which brought the total offering for the two days to 41,370 bales. The wool was of the same general description as that offered on Wednesday and was thus an attractive, well-grown, and sound selection, containing a good proportion of extra super among the fleece wools. A lot of hogget was included, as is usual at a first sale, but there was a fair weight of good ewe wool from the easier country of Canterbury and Marlborough beside wool from dry sheep from most districts.

Continental buyers were once again most in evidence, but they had more opposition from Bradford than they did on Wednesday. The local mills again, took a big weight of the extra supef fine wools on offer. Where the sale differed markedly from Wednesday was in the bidding for the secondary sorts of fleece which were at times rather dragging on the first day. Yesterday there was a broad and general demand for these wools, which sold consistently well at fully 2d higher than on Wednesday. Between the two days there have been sales in London and Sydney, where prices improved about 5 per cent. This gave added life to the enquiry for wool here. Fine pieces and other oddments were particularly strongly sought yesterday, and prices for these descriptions improved in cases by 4d. There was a sound and steady demand for all descriptions of wool, and passings, which were 400, were very small. Passings for the whole sale aggregated about 1000 bales, or less than 2£ per cent, of the offering. This better than anything demonstrates that growers are satisfied with the present level.

It was a very good sale for growers. The choicest lines of wool were regularty making 70d or better, and all sound fine wools of good quality were worth 60d and upward. Buyers still showed some uncertainty, but bid with something like a return of confidence. Buyers say that retailers’ stocks are still moving slowly off the shelves, and until the high priced wools of earlier this year have worked themselves out, there cannot be a full return of confidence. The atmosphere of the saleroom yesterday was nevertheless a very great improvement on the hesitant September sale, and was more healthy than that of Wednesday.

The Top Pricqs Top price at yesterday’s section of the sale was 78Jd, paid for a four-bale lot of Merino among the Farmers’ Co-op. binned wools. This price compares with the 81 Jd paid for Corriedale, which was top price on the first day, but it was a half-penny higher than the top Merino price of Wednesday. Second Merino price was 76Jd. at which four bales from the Glencaim clip of L. G. Dollar (Seddon), four bales from B. Chisnail (Hinds), and a seven-bale binned lot from Dalgety’s catalogue were sold. Two lots made 75d, one of six bales from C. D. Chisnall (Ashburton), and one of five bales of hogget from the estate of James Stevenson (Flaxton). Four lots made 74Jd—six bales from Mrs H. B. Westenra’s Newpark (Te Pirita) clip, five bales from A. F. S. Rutherford (Culverden), four bales from J. T. van Asch (Blenheim), and a four-bale binned lot in the Farmers’ Co-op. catalogue. Top halfbred price of the day was 75d, paid for 10 bales from the Vulcan clip of I’ 9; ( Om ihi). Top half bred price on the first day was 80d, for a binned lot. " binned lot of three bales of hogget at 74jd was the second halfbred price, and another binned lot this time of seven bales, made Seven bales of wether Mulcock (Wainui) made 732 d, and 73jd was paid for five bales of hogget from the Weka Pass clip of F. C. Archer, who also sold 11 bales at 70Jd. H. V. Murray (Scargill) sold seven bales at 72%d. ♦ eRt (Amberley) sold seven bales a iL 72 l d 10 T - van Asch sold d Robertson (Ashburton) sold five at the same price and f . OU 2i at 70^d - The Newpark wool, beside being among the tops of the U dld very well among the halfTP. e -i top classing of six bales of ewe 2] ade^ 7 . 2 * d ’ a pd the second, classing of J na „ c h J 7od - . The to P classing of 70?^F e maae 7 H d * and the second classing «,«2 rr > 1 S dal J, s .J nade UR to 75 W- compared vS. ‘J . 81 . W recorded on Wednesday. Yesterday s top price was secured for six ?f ewe hosset from the famous Rydal Downs dip of E. Ensor (Rangiora). His second classing oi ewe hogget made k 4 i ' Shipley (Harewood sold four bales of hogget at 754 d, and F. H. Shipley (Harewood; sold four bales at 731 d. J. N 10 bales o£ ewe at X X: J E ~ sor sold se ven bales of hogget from his Bullock Creek clip at S’ h a S« e - baS'Jf hogg?”’ made 72id ’ wlth AES °a{

5 » sbred p r ice was 54^d - f ° r and rm ° T £Romne y T hogget from T. D. koH, N ’ J arman (Hororata), and nine 54d Ton ? eana (Hororata) madf nliri pr l tbe sale was 62d, e bales *rom K. J. and H. W Dalglish (Le Bon s Bay) on Wednesday.

OFFICIAL REPORT ; The official report issued by the Christchurch Woolbrokers' Association, in conjunction with the New Zealand Woolbuyers' Association and the New Zealand Wool Commission:— The second day of the first Christchurch ; Wool Sale was held in the Radiant Hall yesterday, when catalogues from three brokers totalling 20,163 bales, were offered. Again there was a full bench of buyers, and local mills operated freely for the ■ super wools. Contractual buyers were , the principal operators. As on Wednesday, off sorts sold particu- : larly well at prices which on a clean basis • were in advance of those paid for fleece i wools, and showed a rising tendency to- , wards the close of the sale There were few passings, and the following is the official range of prices:— Merino, 60/4’s

d. Extra super .. .. — T Good to super .. ..69 to to d. 78J 75 ■’ Inferto? " " *' 60 to 64 e Southdown, 58/60’s— ** Good to super ,. .. 60 Good .. ., .. 57 to to 49 62 ‘ Average .. .. .. 54 to 56 e Extra fine halt-bred' 'and • Corriedale. 53 58’s Extra super .. .. Good to super .. ..67 Good .. .. .. 60 to to 77J 721 1 Average .. .. .. 55 to 65 59 1 halfbred' and Corrledal'e, SS/B— 52 Good to super ’’ 64 to 741 68 Average ’ ’ " '' 50 Medium halfbred and Corriedale Extra minor * to 56 56’s— a — r • ’ • • — io ua Good to super .. .. 63 to 64 ’ Good .. .. .. 53 to 59 Average .. .. . 49 tn 54 Halfbred and Corriedale, 50/6— Ekt „ ra , 8uper '' • ■ — to 57J Good to super .. .. 32J to 66 Good .. .. .. 50 to 52 45 to 49 inferior .. .. .. 39 to 42 Extra -5p e ha J 1 ’£ e J„ ho ®S et and Corriedale 58 s and 58/60— Extra super .. . to 751 Good to super .. .. 65 to 73 & 7 ••• s 1i hal,bred and Corriedale. 56/0 iLxtra super ., , — tn 711 S°°d to super .. .. 64 to 63* Average 7 7 " f? £ “ Inferior .. .. . 43 to 49 Extra fine crossbred, 50/6, 54’s— a™ 7 7. 7. 4? £ B s ?‘ Fine crSsbred, 50’3-7 ” 44 10 4(1 Average 7. 7 7 g g Inferior .. w m ai Medium crossbred, 46/50’s— *’ ° 44 A?e?AtfA 50 to 52 7 '• • ' 38 to « Fla ® ‘hreequarter-bred hogget, 50/4-5-Good to super .. .. «I to 52j Average . ’ ’' * * I? *° 49 T1 e««ri U + arter " l ’ red ho »8et, 48/50, 50— 46 g S to super .. •• j- to 5M Fine Jta?fbred' necks, "56/8 5B’sf? to 45i Average SUper 55 to 50 IrSfr to 54 Threequarter-bred necks. 50 ; s— 40 t0 49 Average SUpeI ‘ " ’ • « to 501 Inferior 7 7 " 36* to Merino pieces, 60/4— ” 36 to Good to super .. — fo Average .. .. 48 to ?! Inferior " ?« Fine halfbred pieces, 56/8, 58 : s— * 46 Good to super .. 52 tn r«* Average .. 47 kV Inferior .. “ 1° Halfbredi pieces, 50/6,’ 58’s—” 33 tO 45 Good to super 4R tn « £» 7' " " 4 ° « Pi “«. &* 7 - -ill Crossbred pieces, 44/8 “ 30 36 Average SUPer " » to 43 iSertoT '' ” •’ 94 to 37 Halfbred bellies, 50/g- " 29 *° 32 Good t6 super ac Average " IS }o 521 Inferior ’ ” m +2 12 T G2o§ U ?o r ™ d beiHM - S9 ’ 46 /V /n v S :: - - 3 ° 0 Halfbred crutchings, 50/8—'' 26 to 32 Good to super .. Average .. ’' ™ ;2 Inferior J° 3 £ Inferior < ’* " m 1° « Merino locks * ’’?2 Halfbred locks ” in P?nSVv r ! ) er 7 bre , d looks 7 22 to 27 ! Prompt date: January 4, 1952. 27