Downward movement still in wool market

Press, Volume CXIV, Issue 33514, 20 April 1974, Page 17

Downward movement still in wool market

The final Timaru wool sale of the season, held yesterday, will not he remembered with much enthusiasm. After falls of the order of 18c to 25c per kilogram at each of the last two Christchurch sales for halfbred and Corriedale wools, these wools slid further downwards yesterday by about 5c to 15c.

This continued downward movement was not helped by the standard of the offering, which was an end-of-season selection, many wools still showing the effects of the late drought in tenderness of staple. This restricted the range of competition, these wools being unsuitable for the requirements of some buyers.

Leading sales i The top price of the day was ( 202 c for five bales of fine Merino i from Border Terrace Holdings. 1 Ltd. Oaniaru. This wool was pur-1 1 chased by the Wool Marketing'l Corporation. A single bale of J

woolly hogget in the bins of Wrightson NMA. Ltd. brought 196 c. and seven bales in the catalogue of Px ne. Gould. Guinness Ltd. sold for 195 c. Again these wools were bought by the i Wool Marketing Corporation. For I four bales of fine Merino W iPreston, Fairlie. received 183 c.

Halfbred wool sold to 189 c for one bale of fine woolly hogget in the bins of Wrightson. NMA. Ltd The same firm also had four bales of extra fine wool at 183 c. F. Bern. Mayfield, sold 14 bales of ewe wool at 174 c. Guide Hill Station, Lake Tekapo. received 173 c for six bales of fine half bied and R G. Blee. Ashburton, sold seven bales of extra fine halfbred at 170 c. A. I). Lovett. Ashburton, realised 169 c for eight bales of fine Corriedale. R. IL Carter. .Ashburton. sold 11 balds of fine wool at 166 c. and M. Quigley. Geraldine, had 10 bales at 161 c. Quarterbred sold to 187 c for nine bales from Guide Hill Sta tion. The top price for crossbred wool was 151 c for 11 bales from

J. A. Coulter. Geraldine J. J Pritchard. Maungati, realised 148 c lor six bales of crossbred two-tooth wool, and J. A. Guerin. Geraldine, sold eight bales of fine woolly hogget al 147 c L. A. Grant. Orton, also received 145 c for 10 bales of shorn hogget wool. Hallbred second-shear wool from _S. Gra\. W esterfield, sold for 151 c for two bales, and another lour bales in the bins oi Canterbury Fanners' Go-opera live Association realised 149 c. Crossbred second-shear wool from D. W. and B K Rilex. Ashburton, made 148 c for 14 bales, and seven bales of secondshear Perendale wool from Giles Bros. Pleasant Point, also sold for 148 c. J. S. Rose. Ashburton, received 146 c for eight bales of crossbred wool and sales at 145 c were made by B. G. Alexander. Waimate. for four bales, and b\ A. R. Evans. St Andrews, for ! six bales. Sales of 44 bales of Corriedale second-shear at 145 c. and eight bales of crossbred wool at 143 c. were made on behalf of Gunn Rural Management of Australia, the wool coming from sheep purchased for shipment to South America. Crossbred lambs* wool made up to 149 c for four bales from E. J. Coppard. Ashburton. .1, Allan, Ruapuna, sold 10 bales at 148 c. Sales at 145 c were made by Trevenna Estate. Temuka. for four bales, and by W. L. Doyle. Ashburton. for seven bales. G. and V. A. Humin. Ashburton, sold six bales at 144 c. and this price was also received by A. C. Williams. Fairlie. for four bales, and bv A. W. Crotty, Geraldine, for four bales. Sales of fine lambs’ wool included seven bales of hallbred .wool from F. Berry, Westerfield, al. 140 c. Six bales in the bins of Wrightson NMA sold for 144 c. Details of catalogues in order of sale were: Bales Wrightson. NMA. Ltd 4.560 Pyne, Gould. Guinness Ltd 3.592 Canterbury Farmers’ Coop. 3,709 Dalgetv New Zealand Ltd 3.285 Total: 15,146 There was also a scoured cats Hogue of 69 bales.