Strong Note Maintained At Wool Sale

Press, Volume CII, Issue 30115, 26 April 1963, Page 16

Strong Note Maintained At Wool Sale

The was no weakening in the market when the fifth and final sale of the Christchurch wool-selling season was concluded in the Repertory Theatre on Wednesday. All classes of wool fully maintained the improved rates established on Monday with strong halfbreds and medium to coarse crossbreds tending to rise still further. The sale was an excellent one and a fitting climax to the season.

. Indicative of the extent of the demand, only 13 bales in two lots failed to find buyers at auction out of the first 11.000 bales offered. Later, the proportion of passings increased slightly but there was still an excellent clearance.

At one stage of the sale 41 consecutive lots totalling 1165 bales of halfbred wools were sold at better than 50d end seven times during this session 60d was reached or bettered. Among this wool strong haitfbred reached up to 61d per lb. A few minutes later 10 lots of crossbred wool totalling 233 bales all sold from 50d to 55d Some of this crossbred was cot ted. Compared with the last Christchurch sale in February values for most classes of fleece again appeared to be running 2d to 3d per lb better. A particularly good sale was enjoyed by average style Merino wools. While the better Merino wools showed a modest appreciation on February rates of about 2d to 4d per lb, some of the lees attractive entries were estimated to be up to 8d per lb dearer. Much Dearer The market was once more far above the rates ruling a year ago. Compared with the second day of the April sale last year halfbred wools were up to 7d to 9d per lb dearer and Merino and crossbred wools fid to 7d better. Preliminary calculations for wool sold on Monday and Wednesday indicate that the average price for the sale could be about 45d per lb. This is about 6d per lb or 15 1-3 per cent, higher than the average for the April sale last year. At 45d per lb a 3301 b bale would return £Bl 17s fid and the 40.838 bales offered this ■week would earn slightly in excess of £2.5m. The extra 6d per lb could put £330.000 into growers’ pockets. The main weight of fine wools again brought in excess of 50d, with average to good to good style wools making from about 53d to s®d, with top Merino selling to 651 d, halfbred to 63Jd. And Corriedale to Slid. Super Merino from Mid-Canterbury Jtopped the day's selling and also gained the highest prj.ce ©ver the two days at 85ld. Crossbred again sold Strongly with the bulk of sales being recorded between about 46d and 52d, with top wools making from 53d to 56id. Lambs’ and second-shear wools continued to sell at about the rates ruling on Monday with second-shear halfbred wools ranging from 37d to 52d and crossbred from 41d to 51 d. Halfbred lambs’ wool brought from 34d to 51 d and crossbred from 36d to 51d. Merino necks brought from 49d to 54d, halfbred necks 42d to 57d. three-quarterbred 43d to 51 |d; Merino pieces 36d to 49Jd. halfbred 37d to bld and three-quarterbred 31 d to 45d; Merino bellies 39d to 44d. halfbred bellies 34d to 45d and threequarterbred 30d to 38 jd; halfbred crutchings 26d to 34d and three-quarterbred 30d to 4’d. •

The offering cf 20,852 bales in 1721 lots was disposed of jn five and a quarter hours’ falling. As on Monday it

included wool from North and Mid-Canterbury, the West Coast, Nelson, Marlborough and the Chatham Islands and included a wide range of qualities and styles with the bulk of the wool being of average to good standard with relatively few super lots.

The sale was topped by five bales of super Merino fleece, from J. G. Hood (Somerton), and in the catalogue of Pyne, Gould, Guinness Ltd., there were sales of four bales of warp at 62}d, three of fleece at 6OJd. and two of hogget at 60d. National Mortgage and Agency Company, Ltd., sold three binned bales at 61jd and a sale of two bales at BOd was made by B. H. Hamilton (Clarence).

In the halfbred section National Mortgage and Agency Company, Ltd., sold binned lots of 11 bales at 62jd. 21 at 6Ud, 28 at Bld. 16 at «OJd. 35 at 60Jd and 25 at BOd. The estate C. C. Chisnail (Ashburton) sold seven bales at Bild and Pyne, Gould, Guiness Ltd., sold binned lots of two extra fine hogget at 61jd. two of fleece at 61Jd, seven at BOld, eight at 60d and four of combing at BOd. The Mount Somers Estate sold 17 bales at Bld. 10 bales at 60Jd and 18 at 59fd. Lees Valley Estate sold five bales at Bld and seven at BOJd and a sale of six bales at BOd was made by P. E. H. McGrath (Oxford).

For four bales of Corriedale hoggets from M. M. Forrester (Charing Cross) received BUd, H. R. Wilson (Cheviot) sold six bales of fleece wool at 59Jd and P. J. Hope (Hawarden) realised 59d for nine bales.

Three-quarterbred wool sold to 56jd. which was paid for five binned bales offered by Pyne. Gould, Guinness Ltd., and a further five binned bales sold by the firm realised 56d. The National Mortgage and Agency Company, Ltd., sold a binned lot of six bales at 56Jd and the same price was realised

by J. R. Craig (Alford Forest) with four bales. Sales at a6d were made by T. Davies (Charwell) with two lots of six and 13 bales and by J. B. Morrow (Montalto) with 10 bales. A. Daymond (Chatham Islands) sold six bales at 551 d and the same price was paid for eight bales from M. F. Hall (Hororata).

The Riversdale Farming Company (Ashburton) sold nine bales of fine crossbred at 56jd to top sales in this section and J. B. Morrow (Montalto) sold eight bales of fine crossbred at 542 d. R. D. Morrow (Montalto) sold six bales at 54d. The National Mortgage and AgencyCompany. Ltd., sold binned lots of 20 bales at 54Jd, 10 at 54jd, six at 55d. four of carding at 54Jd and lots of two, 19 and 11 bales at 54d.

Four bales of binned Southdown wool in the catalogue of the National Mortgage and Agency Company, Ltd., realised 56Jd and lots of 10 and seven bales of Down cross fetched 55d. Pyne, Gould, Guinness Ltd., sold three bales of binned Southdown wool at 55jd. In the offering of secondshear crossbred wool the National Mortgage and Agency Company. Ltd., sold binned lots of eight bales at 53 J d and 11 at 52d. S. M. Wallace (Lake Haupiri) sold four bales at 51Jd and 14 at 495 d and G. C. Harns i Kowhitirangi) received 51fd for five bales. J. L. Bennett (South Canterbury) sold four bales at Slid. A binned lot of four bales of second-shear, halfbred offered by the National Mortgage and Agency Company, Ltd., fetched SOd.

Six binned bales of super crossbred lambs' wool In the catalogue of the National Mortgage and Agency Company, Ltd., realised 51d. 14 bales made 50d and a further 12 binned bales offered b,y the firm made 50) d. Other sales at 50Jd were made by R. B. Allison (Fernside) with six bales and D. M. Stephenson and Company (Te Pirita) with seven bales. S. M. Wallace (Lake Hauplri) sold four bales at 50d and a star lot of two bales of super crossbred lambs from K. J. and H. W. Dalglish (Le Bons Bay) made Three-quarterbred lambs’ wool sold at 48Jd for 27 binned bales offered, by Pyne. Gould. Guinness Ltd., and a further 32 bales of binned wool sold by the firm realised 48 Jd. J. S. and L. H. Scott (Ashburton) sold four bales at 48Jd. A sale of four bales of Corriedale lambs’ wool at 49Jd was made by L. A. Catherwood (Darfield). Details of catalogues offered on Wednesday in order of sale were: Bales National Mortgage and Agency Co., Ltd. .. 11,375 Pyne, Gould. Guinness, Ltd. .. 9.477 Total .. .. 20.852