WANGANUI WOOL SALE

Press, Volume XCI, Issue 27665, 23 May 1955, Page 14

WANGANUI WOOL SALE

MARKET STEADY ON LATE RATES TYPICAL END-OF-SEASON CATALOGUE (New Zealand Press Association) WANGANUI, May 21. The final Wanganui wool sale of the season was held on Saturday. A catalogue of 9600 bales was submitted to a full bench of buyers. The official report of the Wanganui Woolbrokers’ Association and the New Zealand Wool Disposals Commission says: “The catalogue was a typical ' end-of-season one, with a large proportion of oddments. Lambs* wool comprised about 25 per cent, of the offering. With a similar proportion of second shear. Comparatively few lines of straight fleece were offered. “All wools sold well, but fine iambs were very erratic, although one particular picked line made 62d. “The sale was a very satisfactory one, and a complete clearance was effected. Bidding was well spread, but within limits. “With, a catalogue of this nature it is difficult to make any accurate comparisons with previous sales, but in general terms the market can be quoted as steady, with little or no change on late rates.” The following is the official range of

LONDON SALES FINAL OFFERING AT MAY SERIES MARKET REMAINS FIRM (N.Z. Press Association—Copyright) LONDON, May 20. , New Zealand descriptions once again attracted widespread bidding when the May series of the London wool sales closed with a final offering of 8600 bales, which brought the total quantity catalogued at all sales of the series to more than 43,000. A report issued jointly by the Committee of London Woolbrokers and the London Agency of the New Zealand Wool Commission says that of this total 28,000 were from New Zealand, comprising 12,500 catalogued in the grease, 6500 scoureds, and 900 slipe. About 39,000 bales have been sold, including virtually all the wools offered on growers’ account. It is estimated that the honje trade took about twice as much as the Continent. New Zealand wools predominated today. There were 7500 bales, of which 3700 were catalogued in the grease, more than 2400 having been binned in London. Sound Tone in Market The occasional hardening of prices reported on Wednesday was not maintained,* but the tone of the market was still sound. A feature of the offering, of scoured wools wh|ch totalled 1600 bales wasi a selection of South Island Merinos, some of which were of the specialty type. These sold strongly at prices fully comparable with those obtained for the smaller- selection last week, the highest being 126Jd for two lots. Extreme prices also obtained for a few lots of specialty style scoured halfbreds. Other halfbreds were in steady demand. An offering of South Island scoured Merinos and fine halfbred attracted the greatest attention today. Top price of 126&d for Merinos was obtained for two lots in consignments from the Mackenzie Country, both of which had been scoured at Fairlie. The first comprised 11 bales of 64-70’s quality from the Haldon Station, in which a consignment of 12* bales realised 124 d, while 14 bale? sold at 118}d. The second lot to reach the top price comprised six bales of similar quality from the Godley Peaks Station. The final consignment from Otematata Station, which had been scoured at Saltwater Creek, sold to 125 J d for eight bales of 64-7J)’s quality, with four bales of pieces making 107 d. A consignment’ from Glenfallock, 31 bales of fleece, sold at 118 d. Two bales of Merinos from Glenmore Station, near Lake Tekapo, sold at 121 d, but except for this lot the clip was in fine half bred qualities, the best wool comprising 16 bales of 60’s quality, which realised 1151 d, and seven bales sold at Hid. Range of Prices The range of prices for New Zealand wools in grease, agreed on by the Committee of London Woolbrokers and the London agency of the New Zealand Wool Commission, reads as follows:

prices:— Fine Crossbred, 50’s, 46-48’s— d. d. Average to good .. 521 to 54 Average .. .. .. 49 to 51 Medium Crossbred, 48>50*s— •Average to good .. 531 to 55 Average 501 to 53 Crossbred, 46/50’s — Average, to good .. S3 to 541 Average 50 to 52} Coarse Crossbred, 46/48’s— Average to good .. .. 53 to 54} Average .. .. 50J to 52 Second Shear— Good .. .. •• 525 to 56 Average .. .. .. 48} to 51} Inferior 45 to 48 Lambs * Down Cross— Good 56 to 60 Average .. . *. 47 to 51 Inferior and seedy 44 to 45} Medium Crossbred, 48/50's — Average to good .. 52 to 55 Average .. - .. .. 47 to 49 Inferior and seedy 44 to 46 Carbo ... .. ' .. 32 to 38 Second Crossbred, 48/50’s— Good •• .... • • 46} to 48 Average .. .. .. 44 to 46 Inferior .. .. 38 to 42 Pieces Crossbred, 46/5Q’s— Good . .. 45 to Average .. 41 to 44 Inferior and seedy 37 to 40 Bellies Crossbred, 46/50’s— Average 36 to 38 Crutchlngs Crossbred, 44/48’s — - Average to'good .. •« 45 to 47 Average 39 to 42 Inferior and seedy 35 to 38 Locks Crossbred, 46/50’s— Average .. .. .. 29 to 31 —————

d. d. Halfbred, 50/56’s— Good .. 63 to 66 Average .. 61 to 63 Fine Crossbred, 48/50's — Good .. , .. 59 to 61 Average Medium Crossbred, 46/48’s .. 57 to 581 Good .. ... 58 to 59 Average .. 55 to 57 Crossbred Lambs— Super .. 65 to 68 Good .. 63 to 66 Average .. .. .. 54 First Crossbred Pieces, 46/50’s— to 57 Good .. 49 to 50 Average Crossbred Bellies, 46/50’s- .. 451 to 47 Good Average .. .. . . 44 43 tn 47 to 45