OFFICIAL REPORT

Press, Volume CII, Issue 30302, 30 November 1963, Page 19

OFFICIAL REPORT

The official report issued by the Christchurch Woolbrokers’ Association, in conjunction with the Wool Buyers’ Association and the New Zealand Wool Commission, says:—

"The first portion of the third Christchurch wool sale of the 1963-64 season was held yesterday with an offering of 22.869 bales. A further 23,196 bales will be sold next Monday. Great interest attached to the use, for the first time, of the new wool exchange building at the Show Grounds, which elicited very favourable comments from all sections of the trade.

“As had been expected the condition of the offering was not quite up to the high standard which is usually attained at this sale. Many of the clips were rather thin and short in the staple and a certain amount of tenderness was noticeable. However, the catalogues included a number of attractive lines and there was less stain and discolouration than had been anticipated in face of the unfavourable weather conditions. Ewe wools formed the bulk of the offering but there were still a good number of hogget clips, both woolly and shorn. Very little second shear wool was included. The general condition of the offering was a little heavier than at the earlier sales. 'The sale opened with keen and well-spread competition from a full bench of buyers, and it was soon clear that the recent drop in prices for crossbred wools at Invercargill would not be sustained, with values in sellers’ favour. Fine wools also met with a buoyant sale at fully up to the Dunedin sale values. As compared with the Christchurch October sale. prices for all qualities were from 4d to 6d higher. “The main competition came from the Continent, with good support from Bradford and also Japan and the local mills, more especially for the finer qualities. “There was almost a complete clearance at auction.’’ The following is the range

of prices:— d. d. Merino. 84/64's. 64/’s— Good to super .. 69 to 70 Good Average to good «5i to 681 60 to 65 Average .. 55 to 591 Southdown, 58/60's— Super — to 76 Good 60j to 65J Average to good 56 to 60 Inferior .. 531 to 55 Extra Fine Halfbred and Corriedale. 58's 58/ 60 s - Super — to 76i Good to super .. 74 to 76 Good 70 to 73J Average to good 66 to 69 Average .. 62 to 65 Fine Halfbred and Corriedale. 56/ 58’s— Extra super to 75 Good to super .. T2 to 74 Good 69| to 711 Average to good 65 to 681 Average .. 60 to 64 Medium Halfbred and Corriedale, srs— Good to super .. to 73 Good 6*1 to 701 Average to good 65 to 68 Average .. 60 to 63 Halfbred and Corriedale SO/STs— Good to super .. 69 to 70 Good 66 to 681 Aware to good to 661 Average .. 59 to 62 Extra Tin* Crossbred 52/54's— Good to super .. «U to 70 Good to 66 Ave-age to go-d 62 to 641 Fin* -rossbred. 50/ STs— Good to super .. to 691 Good 65 to 671 Average to good 62 to 64 Average .. ..58 Fine Crossbred, 50 s— to 60

Good to 67 Average to good 61J to 64 Average .. 58 to 61 Medium Crossbred. 48/50’s— Good 64 to 66 Average to good 60) to 63 Average .. 58 to 60 Meduim Crossbred, 46/50's— Good 62 to 63} Average to good 59 to 61 Average .. 561 to 58 Strong Crossbred, 46/48’s— Good 61 to 63 Average to good 581 to 60} Average .. 55 to 58 Hogget Wools Extra Fine Halfbred and Corriedale, 58. 58/60’s— Good to super .. 71 to 73 Good 68 to 70} Average to good 65 J to 67} Average .. 62 to 65 Fine Halfbred and Corriedale, 56/ 58’s— Good to super .. 71 to 72} Good 68 to 70} Average to good 65 to B7} Average .. 60 to 64 Medium Halfbred and Corriedale, 56’s— Good to super .. 70 to 72 Good 67 to 69} Average to good 63 J to 66} Average ■ • 60 to 63 Fine Three-quarter-bred, 52/54’s— Good 67 to 69 Average to good 63 to 66 Three-quarterbred, 50/52’s— Good 65 to 67} Average to good 62 to 64} Average .. 59 to 61 Three-quarterbred, 50’s— Good 64 to 66} Average to good Ccrossbred 58/50’s— 61 to 63} Good 63 to 65} Average to good 60 to 62 Shorn Hogget Fine Halfbred and Corriedale, 56/ 58’s— Good to super .. 70 to 73 Good 67 to 69} Average to good 63 to 66} Halfbred and Corriedale 50/56’s, 56’s— Good to super .. 69 to 73 Good 66 to 68} Average to good 62 to 65 Fine Three-quarter-bred. 50, 50/52’s— Good to super .. 68 to 69} Good 65 to 67} Average to good 61 to 64 Average .. 58 to 60 Three-quarterbred. 48/50’s, 46/50’s— Good 63 to 65 Average to good 60 to 62} Necks » Merino, 60/64’s— Good to super .. 62 to 64 Average .. 59 to 61 Fine Halfbred. 56/58’s— Good to super .. 63} to 66 Average .. .. 61 to 63 Inferior 56} to 59} Halfbred 50/56, 56’s— Good to super .. 62 to 65} Average .. 60 to 61} Inferior 56 to 59 Three-quarterbred, 50, 46/50’s— Good to super .. 60 to 61} Average .. 58 to 59} Pieces Merino, 60/64’s— Good to super .. 58 to 61 Average ,. 56 to 57} Fine Halfbred. 56/ 58. 58’s— Good to super .. 59 to 62 Average .. Halfbred. 50/56, 56 to 58} 56’s— Good to super .. 571 to 59} Average .. 53 to 56 Three-quarterbred. 50. 56/50’s— Good to super .. 51 to 55 Average .. 48} to 50} Bellies Merino, 60/64’s— Good to super .. 51 to 52 Average .. 49 to 50} Fine Halfbred. 56/ 58, 58’s— Good to super .. 51 to 54} Average .. 49 to 50} Inferior 45 to 47} Halfbred. 50/56. 56’s— Good to super .. 50} to 54 Average ., 47 to 50 Ingerlor 38 to 44 Three-quarterbred. 50. 46/50’s— Good to super .. 44 to 50} Average .. 45 to 48 Inferior 35 to 40 Locks Halfbred .. 29 to 35} Three - quarterbred 28} to 34}