Crossbreds Show Most Marked Price Advances

Press, Volume XCIX, Issue 29192, 30 April 1960, Page 8

Crossbreds Show Most Marked Price Advances

’J’HIS week a Christchurch wool man glanced over the pages of catalogues for last week’s wool sale in Christchurch and the cor-, .responding sale of the 1957-58 ■ season. His comparison of similar wools sold at the two sales showed that it is the producer of crossbred wools who has made ; the most spectacular gains over the two years. Merino producers are receiving prices little different from two years ago. except for piece wools and lower classing®, and halfbred producers have made only modest advances. Big Rise | Crossbred wools he found to be Is and more a lb dearer than ■ two years ago. Where good fine I crossbred was making 39jd in April. 1958. it was bringing 52 jd 'a week ago. Average to fine crossbred selling at 37 Id in 1958 was now quoted at 50d to 51d and average to good coarser crossbreds now selling at 47d to 52d were back between 34d and 38d in 1958 Second shear crossbred wools had also made remarkable advances over the period. Top second-shear tnools. which realised !

from 47d to 52d this month, were making only 34jd to 36d in April 1958. .More Modest Halfbreds were onlv slightlv dearer in comparison. Good style jwools in this category were sensing at 52d to 565 compared with ii9d tb_ 52d and average styles [from 45d to 49d compared with 42d to 45d tn 1958 His study of Merino values showed that B hogget was bringing sld this month compared with 52d for BB in 1958. BB wether earned 51id last week against 56 d tfor BB plus in 1958. However BC types were at 39jd last wees i against 35 jd m 1958 and pieces (bought by the 'Wool Commission •at 365 in 1958—a price above market rates at that time—were making 40d last week In another Merino clip top grade wether made 52.5 last week compared with 525 m 1958 bu' Merino pieces made 40jd compared with 37id paid by the Wool Commission in 1958 and belltewere making 34id last Saturday wnereas 315 was the price pate by the Wool Commission twe years ago.