Typical End-Of-Season Entries For Wool Sale

Press, Volume XCVIII, Issue 28870, 15 April 1959, Page 21

Typical End-Of-Season Entries For Wool Sale

#jj.*ntry for the fourth and .Aihristchurch wool sale of T 73-59 season, which will be the Repertory Theatre on SSy, contains a typical endt Beason selection, but the JjLay weU be tbe beS * the if the recent trend of prices lsland and in Australia maintained. This more favoutlook has brought in lopis sa^e some WOOl which "Srs have been holding against .jvery in the wool market. *• entry for the sale will be Z big for a one-day sale. It •Tcpected to be about 35,000 u bringing offerings in rstchurch this season by Christc;ch brokers to about 158,000 l)S, compared with 155.000 last

£ on. aough crossbred producers i reap the full benefit of any movement in the market since ; auction here in February. 2-wool growers may not see the pe appreciation in their returns. i s is because the Wool Comssion has been buying in fine aols at prices 5 per cent, to 10 jr cent, higher than previously ding market rates. It may, howler, not be too much to hope, in ie iight of the further price inreases reported from Australia his week, that even the comnission’s floor price levels will je left behind by keen buyers. This would give the fine-wool market a much healthier tonesomething it has lacked all this season.

Hiffh-Country Merino The offering for this week’s sale includes a fairly heavy weight of high-country Merino clips, a fair quantity of West Coast wools, and a fair amount of second-shear from Canterbury as well as the West Coast. There is some evidence that the practice of shearing a second time is slowly gaining further ground. There is also some lambs’ wool, but apparently less than in a normal season. Some farmers have not found it worth while to shear their lambs in the recent drought season, and others have had to quit their lambs before they could give any thought to shearing them. The Chatham Islands are represented in the catalogues, and there is a sprinkling of wools from Marlborough and Nelson. Some of the high-country wools have opened up quite attractively. They are showing less colour than in previous seasons, and are bright in appearance. Some very big clips of up to 300 to 400 bales are to be auctioned.

Though dust, some seed, more tenderness than usual, and a slightly shorter staple are characteristics of much of the latershorn wools from Canterbury, West Coast wools are still showing the effects of the wet season a year ago and the hard winter and late spring that followed. There are some colour and more cots in the clip, which is reported not to be up to the usual standard. There is also some room for im-

provement in the preparation of some of the West Coast wools. Variable Quality

O' l otber hand; some of the Chatham Islands wool is reported to be much better than last year, but here again the quality is variable, and a spokesman for one firm said that wool which his firm had received was not as good as usual.

Lambs’ wool on offer is also hardly up to standard, and is carrying dust.

Once again the dry season seems to have favoured the oddments and pieces, which are described as being quite good quality with little marring stain. On the whole the wool on offer may be described as of useful average to good quality, taking into account the season, with few super lots. A characteristic of most of the wool this season is its relative freedom from discolouration.

The sale will begin at 8 a.m., the order of sale being: New Zealand Farmers’ Co-operative Association; Pyne, Gould, Guinness, Ltd.; New Zealand Loan and Mercantile Agency; Dalgety and Company, Ltd.; National Mortgage and Agency and H. Matson and Company.