Good Style Wools Hold Sound Closing Rates

Press, Volume CI, Issue 29800, 17 April 1962, Page 18

Good Style Wools Hold Sound Closing Rates

Good-style wools continued to hold a firm tone on the second day of the fifth and final wool sale for the 1961-62 season, held in the Repertory Theatre yesterday. For an end-of-season offering, the market closed with sound values all round, and with prices well up to expectations. The two-day sale was characterised by brisk selling and good competition, and a very low percentage of passings at auction.

One of toe most encouraging features ot the market was the strong demand for lambs' wool, considering the increased offering. The prices gained for toe goodstyle lines benefited those growers who had prepared their lines with some care. Second-she ar wool also commanded a sound market, e factor of importance in Canterbury, where fl’e practice of shearing more than once a year is growing steadily. Throughout both days, better-Quality fine wools showed a gain over recent Timaru and Christchurch sales, and fine enos-:breds were fully firm on the la"t Wellington sale Coarser wools were about firm, although some of the shabbier lines were not as easy to sell.

Good-style oddments appeared to be keenly sought, but the plainer lines, particularly inferior-etyle clothing oddments, were not ea®v to quit at vendors’ valuations. It was significant that the Wool Commission. which made only one or two bids on Friday, yesterday r-laced its flocr-price bid 35 times, mainly on wools in this category. The commission had one lot of 21 bales of halfbred passed to its bid yesterday, but this was subsequently bought by a buyer privately, after the sale, at a slightly-higher figure. Buying Sources

Bradford and Continents’ interests again were the dominant influences in the buying power yes’errday, wiiith American inquiry on some of the specialty ldr.es. Yesterday's sale continued to move briskly, and the 21.277 bales were cleared by Just after 1 pm. Paesindr were very light, and would probably be no more than 2 per cent, of tfae entry. With few super lets in the offering, the top prices were much in line with these or Friday, although the tep price for the two days of 62d was realised in a spirited sale made Just on midday, when five bales of Merino hogget fleece from J. G. Hood (Mount Somers) were sold. In yesterday's sale, toe better class of Merino fleece generally ranged from 51d tc 54jd, balfbred from 53jd to 55d, and Conriedale from 52d to 54jd. In the Oorriedale section, a line of Hawke’s Bay station wool, being sold in Christchurch for the third year. Justified its presence by making to 53 Jd, Top three - quar’erbred fleece ranged from 48d to filfd, better-style crossbred

47d to 50J d, and Romney to 50d. Southdown fleece made to 54d. but the bulk of this type of wool ranged from 43 d to 47d. For lambs’ wool, fine wool sales ranged up. to 43Jd. crossbred to 45d. arid an odd sale of three-quarterbred to 461 d. Second-shear wool sold up to 511 d for crossbred, and 50d for halfbred. In the sale of oddments. Merino necks made 41 d to 461 d, halfbred necks 34d to 47d, Merino pieces 25d to 46d, halfbred pieces 34d to 44d. with second pieces at 19d tc 32d, and crossbred pieces 27d to 39d with second pieces at 24d to 29d. Merino bellies made 27? d to 39d, halfbred bellies 23d to 37d. and crossbred bellies 25d to 32d. Finewool locks ranged from 12d to 18d. and crossbred to 17Jd. Fine-wool crutchings made from 19d to 34d. and crossbred crutchings 19d to 37 jd. Leading Sales Merino wool sold up to 62d—the highest price of the sale —for five bales of hogget fleece offered by J. G. Hood (Mount Somers). Binned lots of four and five bales, sold by the National Mortgage and Agency Company. Ltd., brought 54? d. and a further binned lot of two bales, sold by Pyne. Gould, Guinness Ltd., brought 54d. Pyne. Gould, Guinness sold another binned lot of two bales at 53d, while Westenra Bros. (Blenheim i also sold nine bales at this price. Halfbred wool brought up to 55d, paid for a binned lot of nine bales sold by the National Mortgage and Agency Company. Ltd. A binned lot of six bales sold by Pyne, Gould. Guinness Ltd, brought 54Jd, and other binned lots of 14 and eight bales, sold by the same firm, and of 10 bales, sold by the National Mortgage Company, realised 54id. Further binned lots sold by these two firms brought 54Jd, 53 jd and 53Jd. This latter price was also gained by J. Donnelly (Mount Somers), who sold eight bales. The best price for Corriedale wool was 54 Jd, paid for six bales sold by A. F. Smith (West Eyreton). R. B. Johnson (Motuoraraia Station, Hawke's Bay) sold 12 bales at 53id. the ‘op of his entry of 100 bales in the sale. B. Wyn-Williams 'Waipara) sold six bales at 53d. Of the three-quarterbred

wool, the best price was 55d. paid for a binned lot of four bales sold by the National Mortgage and Agency Company. Ltd. The next best price was 51d paid for five bales sold by Mrs E. M. Gray (Hororata) and for a binned lot of four bales sold by Pyne. Gould. Guinness Ltd The estate G. Tuuta (Chatham Islands) sold six bales at 51d. and the National Mortgage Company another binned lot of five bales at SOJd. C. A Jenkins (Hororata) sold six bales at 50Jd, and the estate C Wishart (Chatham Islands) six bales at 50d. and this price was also paid for another binned lot of four bales sold by Pyne. Gould. Guinness. Crossbred wool realised 50 J ci. paid for-five bales sold by T. S. Davies (Charwell), who also sold other lots of five bales at 49jd and 48Jd. The National Mortgaage and Agency Company. Ltd, sold a binned lot of five bales at 49d, while a number of sales were made at 48jd. These included D. Lanauze (Chatham Islands). Mrs E. M. Gray (Hororata), the estate M. Handyside (Hundalee). and estate R. Parsons (Springbank). The best price for Romney wool was SOd, paid for five bales sold by J. Ferguson (West Coast), and for Southdown, 54d, paid for a binned lot of two bales sold by the National Mortgage and Agency Company. Ltd. Second-shear Of the second-shear wool, the best price was 511 d. paid for three bales sold by C. T. Shaw (Hororata). J. C. Elworthy (Richmond Hill) Sold six bales at 50d. A binned lot of nine bales sold by the National Mortgage and Agency Company, Ltd., made 47id, and J. Brand, Ltd. (Ashburton), sold nine bales at 47d. The best lambs’ wool made to 46jd. paid for five bales of three-quarterbred sold by D. L. Robinson (Rangiora). A binned lot of 10 bales of crossbred sold by the National Mortgage and Agency Company. Ltd, brought 46d, further binned lots of 26 and six bales sold by the same firm, 45d, and another binned lot. 44jd. K. J. and H. W. Dalglish (Le Bons Bay) sold two bales of super crossbred at 44Jd. Details of catalogues offered yesterday, in order of sale, were:— Bales National Mortgage and Agency Company, Ltd. .. 10.904 Pyne, Gould, Guinness Ltd. .. 10.373 21,277