SECOND CHRISTCHURCH WOOL SALE

Press, Volume LXXXIX, Issue 26967, 17 February 1953, Page 11

SECOND CHRISTCHURCH WOOL SALE

Sound Market On Opening Day

MERINO MAKES 90d AND CROSSBRED FULLY FIRM

Chris^hurc^lak 6 ofnh t e r i952“53 t series enil A d “ y th ®. second throughout, it finished wiih values ?or ext« finl 16 ’ S °, lid 5 per cent higher than those ruHng“a \h " December Prices for crossbreds were generally conceded Top i Ug ? O i Ut th * e day a steady demand prevailed and the sale did not lag at any stage. It finished on a particularly strong note with an unsatisfied demand for the finest types Indeed, wuhin three minutes of the close of selling the day's top price of 90d was pa d for two bales of superfine Merino and the six preceding sales varied between 87fd and 64d the latter price being for first pieces. ’

The.bulk of the offerings was taken by the Continent. Bradford bought rather sparingly. Japan was in the market for relatively small quantities and America was apparently not buying heavily. New Zealand mills acquire* most of the highest-priced fine wools.

The catalogues for the day totalled 23,347 bales and the rate of selling maintained was more than 300 lots an hour. Only 384 bales were passed. Within a few minutes of starting Merino and Corrideale were selling freely at just more than 80d and halfbred just under this figure, with New Zealand mills fiercely competing with the Continent for the best lots. Crossbred was selling freely at about 46d with top price at 53£d, but generally Bradford limits appeared to be' on the low side. In the afternoon, when choicer lots were reached, the morning prices for all classes except crossbred were exceeded.

Being a Canterbury sale. Corriedale and halfbred clips predominated, with a good leaven of Merino, mostly from Marlborough. Generally, the wool was not in as good a condition as that auctioned in December. Finer wools were in brighter condition than the coarser types. An unusually large nercentage of cots was offered and, because of the unseasonable weather experienced, some of the finer halfbreds and Corriedale clips were inclined to be stronger than usual, but on the whole it was crossbred which showed evidence of having borne the brunt of the excessive rain and the absence of sunshine. THE TOP PRICES Top price for the day, 90d, was paid for a lot of two bales of superfine Merino from J. T. Jackson (Blenheim), who also secured 863 d for 10 bales of his second classing and 703 d for another 12 bales. The second top price, 87id, was secured by F. W. Eves (Blenheim) for four bales oi Merino, and his second classing of four bales made 863 d. Earlier in the afternoon binned lots sold at 86d, 863 d, arid 862 d. Top price up to the lunchqon adjournment was 85id, which went to R. M. D Johnson (Mount Torlesse) for three bales of Merino, closely followed by A. A. McCallum (Blenheim) with three bales at* 833 d, and a further 21 bales at 823 d. At the December Christchurch sale, /Merino sold up to 82d on the first day and 88d on the second day. At the February sale last year, top price for Merino was 79d, paid on each day of - the auction. Top price for Corriedale was 823 d, and this was paid to the Broomfield Estate (Amberley) for four bales, their second parcel selling for 793 d. P. P. L. Dillon (Blenheim) received 813 d for four bales, J. McCormick and Son (Mayfield) 80d for four bales, and Sir R. Heaton Rhodes (Otahuna) 793 d for four bales. At the December sale. Corriedale sold up to 763 d, and at the February sale last year up to 783 d. Two binned lots topped the halfbred market at 803 d for one and 80d for the other. This was in the afternoon. Earlier in the day, D. W. Davison (Culverden) received 79fd for 12 bales, a binned’lot of nine bales made 791 d, and the Ford Millton Memorial Home (Okuku) realised 79d for four bales. G. J. H. Reid (Rotherham) also sold seven bales for 79d, as did E. W. Bayley and Sons (Birdling’s Flat) for their eight bales. At the December sale halfbred sold up to 773 d oh the first day and 80|d on the second day. In the February sale last year, halfbred brought 75jd on the first day and 683 d on the second day. A binned lot of seven bales also brought the top price of 543 d for three-quarter-bred. with the next best price of 53d paid to B. Parker (Blenheim) for six bales. E. T. Grigg (Alford Forest) received 51d for five bales. At the December sale three-quarterbred sold up to 563 d, and atthe February sale last year it realised 522 d. The market for crossbred was topped by K. J. and H. W. Dalgleish (Le Bon’s Bay), who sold five bales at 533 d. At the December sale up to 553 d was paid for crossbred, and at the February sale last year 52d on the first day and 523 d on the second day. The sale was followed throughout the day by a modest attendance of farmers. The catalogue and order of the sale were as follows: Bales. National Mortgage and Agency Co., Ltd. v. .. 7,250 Pyne, Gould, Guinness Ltd • • 11,947 N.Z. Loan and Mercantile Agency Co., Ltd. .. .. .. 4,160 Total 23,347 Tomorrow’s Catalogue' The sale will conclude tomorrow, commencing at 8 a.m. The catalogue will comprise: __ . , Bales Dalgety and Co., Ltd. .« •• 10,371 H. Matson and Co. .. • • 5,029 N-Z. Farmers’ Co-operative Assn., Ltd. .. .. .. 8,031 Total 23,431

OFFICIAL REPORT

<.>,T t ,, u ??, cia , I u re P ort issued by the Christchurch Woolbrokers Association, in conjunction with the New Zealand Wool?»7 ye , Assoclatlon and the New Zealand Wool Commission:—

After the long spell of very wet. broken weather early in the main shear,per\ « w^ s anticipated that the clip would suffer badly in colour and condition. To some extent this proved to be the case, and there was a much larger p , er N?. ntag ® of c °tted wools than is usual at this sale. Yolk discoloration was also fairly general, and there was a considerable quantity of tender lines. Taken as a whole, however, the offering opened u £ bett ®r than had been expected, and although really super lines were few and tar between, there was quite a fair percentage of good attractive wools. It has been estimated that the current clip is at nghter per sheep than in the 1951-52 season, and the wool in conseqence is less well grown but a little finer in quality. “There was a full bench of buyers and competition was more general than at the December sale. Bidding was keen and at times spirited except for shabby fines of doubtful quality, which were a little irregular at times. As compared with our December sale, good fine wools were definitely dearer, the rise averaging about 5 per cent. Medium and inferior sorts showed little change, and all classes of crossbreds were fully firm on the recent Wellington sale. Main competition came from the Continent and Bradford, with local mills bidding freely on the best of the finer qualities. Practically a complete clearance was made at auction.” Range of Prices The following is the official range of prices:—

Merino, 60/64’s—r d. d. Extra super 82 to 90 Good to super .. .. 75 to 81 Average to good .. .. 70 to 74 Average 62 to 69 Inferior .. .. .. 55 to 61 Southdown, 58/60's— Good to super 62 to 69$ Average 56 to 61 Inferior 50 to 55 Extra Fine Halfbred and Corriedale, 58’s and 58/60’s — Extra super 76 to 801 Good to super 68 to 7b Aveisge to good .. 62 to 67$ Average 56 fto 61 Inferior 52 to 55 Fine Halfbred and Corriedale, 56/58’s— Extra super 70 to 753 Good to super 63 to 69 Average to good .. 5b to 62 Average 50 to 54 Inferior 46 to 49 Medium Halfbred and Corriedale, 56’s— Good to super 58 to 63 Average to good .. 53 to 57 Average 48, to 52$ Inferior 4b to 47 Halfbred and Corriedale, 50/56’s— Good to super 53$ to 56 Average to good .. 49 to 53 Average 46$ to 48$ Inferior 43 to 46 Extra Fine Crossbred, 50/56, 54’s— Good to super 52 to 54$ Average to good .. 47$ to 51$ Average 44 to 47 Inferior .. .. 40 to 43 Fine Crossbred, 50’s— Good to super .. .. 48$ to 512 Average to good .. 46 to 48 Average 43 to 45$ Inferior 40 to 42 Medium Crossbred. 46/50’s — Good to super 471 to. 501 Average to good .. 45 to 47 Average 42 to 44 Inferior 40 to 41 Strong Crossbred, 44/48’s— Average to good .. 47 to 50 Average 43$ to 46$ Extra Fine Halfbred, 58’s and ■ 58/60’s— Extra super 77 to 82$ Hogget and Corriedale— Good to super 70 to 76 Average to good .. 62 to 69 Average 56 to 61 Fine Hogget Halfbred, 56/58’s, and Comedale — > Good to super 64 to 68$ Average to good .. 57 to 63 Average 50 to b6 Inferior 46 to 49 Medium Hogget Halfbred and Corriedale 56’s— Average to good 55 to 58$ Average 47 to 54 Inferior 45 to 46$ Fine Three-quarterbred Hogget, Average to good .. W to 52Average 4b to 47 Three-quarterbred Hogget, 48/ 50, 50’s— Good to super 50 to 52 Average to good .. 46 to 49 Average .. ■ • •• 41 to 45 Necks Merino, 60/64’s — Good to super 67 to 702 Average 60 to 66 Fine Halfbred, 56/58’s, 58’s— Good to super 59 to 662 Average .. •• b4 to 58 Halfbred, 50/56, 56’S— Good to super 491 to 51$ Average 4b to 49 Inferior 40 to 45 Three-quarterbred, 50 s— Average to good .. 45 to Inferior .. • • •• 40 to Pieces Merino, 60/64’S — Good to. super 59 6b 2 Average .. • • . • • 55 58 Inferior .. • 46; to 54 Fine Halfbred, 56/58, 58 s— Good to super .. • 55 to. 62$ Average Inferior ■■ Halfbred, 50/56, 56’s— Good to super 481 to 502 Average Inferior • • ... • • 42 37 to to 48 41 Three - quarterbred, 50 s, 46/50— Good to super Average .. •• •• Inferior .. -• •• 40 37 32 2 to to 412 39 36 Bellies Merino, 60/64’s — Good to super 54 to 57$ Average 48 to Halfbred, 50/58 s— Good to super .. 42 Average .. • • • • Inferior .. 34 2 30 to to 34 Three-quarterbred, 50 s, 46/ 50’s— Average Inferior .. • • • • 35 32 to to 37 34 Crutchings Halfbred, 50/58's — Good to super Average .. • • ' Inferior • ■ 35 24 to to 37$ 30 Three-quarterbred, 50 s, 46/50 — Good to super 38 to 41 $ Average 35 Crossbred, 44/48 s— Good to super Average Eocks Merino Halfbred 29 24 to to 35$ 32$ Three-quarterbred '22