Wool Prices Ease At Auckland

Press, Volume C, Issue 29468, 21 March 1961, Page 19

Wool Prices Ease At Auckland

<Arw Zealand Press Association;

AUCKLAND, March 20. Wool values generaßy were a shade carter on recent Wanganui levels at the opening of the third main Auckland sale of the season today. Good style crossbred fleece wools were quoted as firm to unchanged, but.these were in fairly short: supply. Average style fleece wools were cheaper by id per pound and this drop also applied to second sheer and lambs’ -wool which made up a large proportion of the i offering. The average price was estimated at about 38} d per (Pound or £55 far a 3401 b bale. This represents a drop 'of id » pound on the last Auckland sale in January ’and a fall of about 5d on March values a year ago. i At the outset today it appeared that the market i was uneasy but the tone improved as the -sale progressed and considering the general poor quality of the offering the market over the day showed remarkable strength. The official report says:— The first day of the third main sale of the 1960/61 season was held at the Auckland Town Hall today when three catalogues containing 28,519 bales of new seasons greasy wool were submitted to auction. The remaining two catalogues containing a further 25,000 bales will be offered on Wednesday. This wool was drawn from all sections of the Auckland province from Northland to the King Country and across to the Bay of Plenty. It comprised mainly later shorn ewe and wether wools, a fair percentage of second 'shear and early shorn types with the usual oddments. There was also a reasonably large offering of lambs’ wool. The offering was not a particularly attractive one, there being irregularity of length and shortness of staple, also discolouration from dust and rain. While the majority of lines of lambs’ wool were well picked, there was again discolouration from dust. Competition has been well spread and steady throughout the day from the full and representative bench of buyers present. The Continent have been the principal operators throughout the day with support from America and from Japan on lines suited to their requirements No Support Blds The Woo] Commission was not called upon to bid in support of the market and 98 per cent, of the offering was cleared at auction. Compared with the sale last week at Wanganui, the market is substantially unchanged, but average to inferior style lambs and second shear wools showed an easing tendency.

Range of Prices The following is the official range of prices:—

Southdown, 58/60’s— Good .. 46 to 48 Average to good 43 to 45 Inferior .. 30 to 34 Fine Down Cross, 58’s, 56/58’s— Good .. to 54 Average to good 46~ to 48 Average to infer. Extra Fine Cross39 to 42 bred 56's— Good 48 to 52 Average to good 45 to 47 Average Extra Fine Cross42 to 44 bred, 52’s, 50/56'sGood ~45 to 46} Average to good 43 to 44} Average 39 to 41 Fine Crossbred, 50s’— Good 45 to 46} Average to good 42} to 44} Average Medium Crossbred. 39 to 41 48/50’s— Good 43} to 44} Average to good 41 to 43 Average Medium Crossbred, 38 to 40 46/50’s— Good 43 to 44 Average to good 40 to 41} Average Coarse Crossbred, 37 to 39 46/48’s— Good .. 42} to 43} Average to good 39 to 42 Average Early Shorn and Second Shear, 36 to 38} 46/50’s— Good 42} to 44 Average to good 39} to 41} Average 36 to 39 Necks Crossbred 50’s. 48/ 50’s— Average 41 to 43 Inferior 37 to 39 Pieces Crossbred 46/50’s— Average 34} to 36 Inferior 31 to 33}

Bellies Crossbred, 48/50’a— Average 29J to 32 Inferior 27 to 29 Locks Crossbred 18 to 234 Lambs Fine Down Cross, 56/58’s— Good to average 36 to 38 Average 32i to 344 Inferior and seedy Crossbred. SO'a, 48/ 26 t© 30 50 s— Good to average st to 46 Average to Inferior and seedy Second Crossbred, 32 to 37i 48/50‘s— Average 30J to 34 Inferior and seedy 28 to 29