Official report, prices

Press, Volume CXV, Issue 33779, 27 February 1975, Page 19

Official report, prices

The wool market was firm to, -'dearer at the sixth Christchurch 3 wool sale of the season held i 11 yesterday, according to the offi- 1 Ccial report -on the sale issued; .‘by the Christchurch Wool-; : brokers’ Association in conjunc-i i tion with the New Zealand Wool-1 ■ buyers’ Association and the New; I ' Zealand Wool Marketing Corpor- j II ation. “Compared with the Timaru; r sale on February 14, the follow-) j ing were the trends: Merino, un-i changed; fine halfbred, un- !' changed; medium, strong and ’ extra strong halfbred, firm to ‘i sellers’ favour with a marked ’ ■ premium for better length and ‘ style; halfbred woolly hogget, ’ i firm; halfbred skirtings and oddments, up to 2J per,cent dearer. “Compared with the Wellington sale on February 20, the ’ following were the trends: fine • medium and strong crossbred, in--1 clined in sellers’ favour; cross- • bred second-shear, up to 21 per • cent dearer; crossbred lambs, I I firm; crossbred skirtings and odd- ’ ments. 2| per cent dearer. ! “The offering of 28,451 bales : was drawn mainly from Canterr ;bury and Marlborough, with . smaller quantities from Nelson , and the West Coast. There was 5 I also a small offering of Chatham lslands wool. “The selection comprised 1| mainly Corriedale and halfbred -1 types, crossbred fleece wool, and II a small percentage of Merinos. • The wool opened up in good , I order, reflecting the favourable I growing conditions, and was gen-

erally well grown and long in the staple, but there was more tenderness and colour showing than in the earlier sales. The offering also carried more condition. “The wide range of oddments again were generally faulted with light seed and colour. “Main competition came from the Continent' and Eastern Europe with limited support from local mills. “The New Zealand Wool Marketing Corporation gave substantial support to the market by bidding on 16.810 bales, or 58.6 per cent of the offering, and having 6157 bales, or 21.4 per cent, sold or passed to it. “Prompt date for the sale is March 17.” The following is the range of prices, with a comparison with the Christchurch January sale, issued by the Christchurch Woolbrokers’ Association:— Yest. Prev. Fine Merino, 64/70:° Good to super /167 Good 153/160 155/157 Medium Merino 60/4, 64: Good to super 152/156 154/160 Good 143/150 142/151 Average 124/142 125/141 Extra Fine Halfbred and Corriedale. 58. 58/60: Good to super 130/145 133/144 Good 122/129 123/132 Average 108/118 108/121 Fine Halfbred and Corriedale, 56/8: Good to super 125/130 123/136 Good 112/124 114/122 Average 92/110 91/112

Medium Halfbred and Corriedale, 54/6: Good to super 114/128 116/124 Good 104/113 103/114 Average 93/101 90/102 Strong Halfbred and Corriedale. 52/54: Good to Super 110/118 109/120 Good 94/108 96/107 Average 79/93 80/94 Extra Strong Halbred and Corriedale. 50/52: i Good to Super 100/113 98/108 i Good 88/98 89/97 Average 80/86 Fine Crossbred, 50/52: Good 96/104 96/102 Average 90/95 Fine Crossbred, 48/50: Good 95/105 97/107 ! Average 90/95 i Medium Crossbred. 46/50: j Good 95/106 97/108 ) Average 83/94 85/96 (Strong Crossbred; 44/8: | Good 97/106 98/109 I Average 82/95 84/96 WOOLLY HOGGET I Extra Fine Halfbred and Corriedale, 58s, 58/60s: I Good 127-140 124-143 Average 112-121 i Fine Halfbred and Corriedale, 56/58s: Good to super 123-125 Good 109-126 109-129 Medium Halfbred and Corriedale. 54/565: Good to super 123-125 Good 102-120 101 120 SHORN HOGGET Fine Halfbred and Corriedale, 56/58S and 58s: Good to super 124-136 124-132 Good 104-122 105-119 Medium Halfbred and Corriedale, 54/565: Good to super 118 119-121 Good 104-116 102-116 Average 87-100 Fine Crossbred, 50/525: Good 94-106 93-109 Fine Crossbred, 48/50s: Good to Super 108-113 107-110 Good 99-106 98-108 Average 78-93 88-94 NECKS Merino. 60/645: Average/good 118-125 120-132; Fine Halfbred. 56/58s: Average/good 92-108 82-110 j Medium Halfbred. 50/56, 565: Average/Good 94-104 92-98 Fine Crossbred, 48/50s: Average/Good 86-95 86-93 PIECES Merino, 60/645: Average/Good 100-112 98-113 Fine Halfbred, 56/58s. 58s; Average/Good 78-95 72-90

Medium Halfbred, 50/565, 565: Average/Good 74-87 72-88 Medium Crossbred, 46/50s: Average/Good 72-79 71-80 BELLIES Merino, 60/645: Average/Good 90-102 94-106 Fine Halfbred, 56/58s. 58s: Average/Good 64-76 62-80 Medium Halfbred. 50/565, 565: Average/Good 65-75 65-71 Medium Crossbred, 46/50s: Average/Good 60-70 58-69 CRUTCHINGS Halfbred, 50/565: Average/Good 56-62 53-57 [Strong Crossbred, 44/48s: i Average/Good 66-75 63-73 LAMBS , Halfbred. 50/565, 565: ; Average/Good 87-95 ! Extra Fine Crossbred. 50/565: Average/Good 84-93 [Fine Crossbred, 48/50s; i Average/Good 87-98 LOCKS | Merino 44-45 49-51 [Halfbred .36-49 31-40 i Crossbred 36-45 38-39