OFFICIAL REPORT

Press, Volume XCVIII, Issue 28980, 22 August 1959, Page 14

OFFICIAL REPORT

The official report issued by the Christchurch Woolbrokers’ Association in conjunction with the Woolbuyers’ Assbciation ind the Wool Commission of New Zealand, states: The first sale of the 1959/60 season opened yesterday in Christchurch with a combined offering from North and South Canterbury, and also on account of the Wool Commission. The following were quantities submitted :

Account Christchurch, 12,768 bales; account Timaru, 8200 bales; account Wool Commission, 14,254 bales.

The offering totals 35,222 bales, of which 3545 bales of Christchurch new clip and 7438 bales of Christchurch Wool Commission stock will be sold on the morning of August 22. Included in the brokers’ offerings was a considerable quantity of early shorn and second-shear fleece wool, and these opened up particularly well, being mainly sound and clean and very light in condition. The crutchings from South Canterbury district were generally well-grown and light in condition, but many of the finer quality crutchings from the northern districts were rather short in the staple and were rather heavier than usual. There was a full attendance of buyers, and all classes of fleece wool met with good competition. Fine quality fleece was fully firm on late rates, and medium and coarse qualities sold in sellers’ favour. The market for crutchings. however, was a little easier, especially for fine wools, which sold irregularly at lower rates. Coarser sorts met with a better demand, but can be quoted as in buyers’ favour. AU classes of pieces and oddments sold very well at full late values.

The following is the range of values:—

Merino, 60/64— Good to super 54 to 59 Good 50 to 52 Average .. 44 to 47 Southdown 58/60's— Good to super 50 to 55 Average 46 to 49 Inferior 37 to 40 Extra Fine Halfbred and Corriedale, 58's and 58/60 s— Good to super 55 to 60 Good 51 to 54. Average to good 48 to 50 Average 42 to 47 Fine Halfbred and Corriedale, 56/58’s — Good to super 54 to 57 Good 50 to 53 Average to good 46 to 49 Average 42 to 45 Medium Halfbred and Corriedale 56's— Good to super 53 to 57 Good 50 to 521 Average to good 46 to 49 Average 40 to 44 Halfbred and Corriedale, 50/56's— Good to super 53 to 56 a Good 49 to 52} Average to good 45} to 48 Average Extra Fine Crossbred, 40 to 44 52/54's— Good to super 53 to 57 Good 49 to 52 Average to good 45 to 48 Average . 40 to 44 Fine Crossbred, 50/52's— Good to super 53 to 56 Good 48} to 52 Average to good 45 to 48 Medium Crossbred, 48/ 50’s— Good to super • .. 51 to 55 Good .. ,. 48 to 50} Average to good 44 to 47 Average 40 to. 43 Strong Crossbred, 44/48's, 46/48's— Good to super 50J to 55 Good 47 to 50 Average to good 42J to 46 Average 40 to 42 Hogget Wools Extra Fine Halfbred and Corriedale, 58's and 58/60’s— Good to super 53 to 56} Good 50 to 52 Fine Halfbred and Corriedale, 56/58’s— Good' to super 52 to 55} Good 50 to 51 Average to good 45 to 49 Average Medium Halfbred and 42 to 44 Corriedale, 56's— Good to super .. 51 to 54 Good 49 to 50} Average to good 44 to 47 Average 40 to 43 Fine Three-quarterbred. 52/54’s— Good to super 51 to 52} Good 43 to 50 Three-quarterbred, 4850, 50's— Good to super 52 to 56 Good ' 49 to 51} Crutchlngs Merino, 60/64’s— Good to super 31 to 34 Average 25 to 30 Inferior 19 to 24 Fine Halfbred, 56/58's— Good to super 37 to 43} Average 31 to 35 Inferior 20 to 26 Halfbred, 50/56's— Good to super 37 to 43} Average 31 to 36} Inferior 24 to 28 Three-auarterbred, 50’s, 46/50’s— Good to super 39 to 43 Average 35 to 38 Inferior 25 to 29 Crossbred, 44/48’s— Good to super 42 to 48 Average 37 to 41 Inferior 30 to 34 Second Halfbred, 50/ 58's— Good to super 28} to 32 Average 25 to 28 Inferior 19 to 23 Second Three-quarter-bred, 46/50’s— Good to super 30 to 35} Average ... 26 to 29