Fine wool easier, crossbreds up at Christchurch sale

Press, 25 February 1977, Page 20

Fine wool easier, crossbreds up at Christchurch sale

Prices for fine wools confined to sag when the sixth hristchurch saie of the seain was held yesterday. This followed an easier end for these wools at last tenth's Christchurch saie :d also the Timaru saie >out two weeks ago. Compared with the Titaru sale ail classes of fine ooi were cheaper, the digest drop being from 5 to 7-) er cent for the strong and <tra strong halfbred and le Corriedale fleece and cirtings and oddments. Meium quality wools eased ick 5 per cent and the fine

and extra fine tleece 24 perl cent. For the small quantity ofj Merino on offer the market was also back about 2| perl cent. For the finer wools prices l looked to be about 10c to 18c per kilogram lower than' at last month's Christchurch sale. A redeeming feature of I the saie, particularly from a national point of view, wasj an upturn in the market for crossbred wools. For some time these wools have been, gradually losing ground at sales around the country,

I jut at Auckland this week 'they tended to level out and. i yesterday all classes ofj i leece were from par to 2-11 I per cent dearer, and second-: -shear, lambs-wool, and odd-: rnents were slightly dearer.; The market tended to] 'strengthen during the day.i There were hopes in the sale room that this trend will be maintained. But even with this modestimprovement, crossbred fleece wools were still about 10c to 25c behind rates rul-l ling in Christchurch lasts month. Ihe Wool Marketing Corporation had a busy day'; supporting the flagging market for fine wools. The strong and extra strong halfbred and Corriedale fleece .was in limited demand and the market for these wools i 'tended to become more difficult as the day progressed. In the face of thisl I situation the corporationI tended to become more ac-i tive as the sale went on. The corporation lodged i [bids on 36.7 per cent of the' wool in the first catalogue 'of the day. on 33.5 per cent in the second catalogue, 48.9, per cent in the third, and 44.7 per cent in the final i catalogue. In the course of these operations it had 5.6' per cent of the woo] offered I either sold or passed to it in I -the first catalogue, 10 per cent in the second, 18.9 per cent in the third, and 11.2: per cent in the last cata- ! logue. During the day it bid on 12,668 bales, or 41.5 per cent iof the offering of more than '30.000 bales, and had 3786bales, or 12.4 per cent of the selection passed or sold to: it. The corporation's support! was mainly on the medium to extra strong halfbred and; Corriedale fleece and on: skirtings of this -class of! wool. The total passings during; the day to the trade and i corporation amounted to, 1101 bales, or 3.6 per cent) I of the offering. The main weight of wool went to Western European | buyers, with Eastern European interests, Japan, and 'local mills also being in the market. For the halfbred and Cor-i iriedale fleece wool prices were still mainly over the 200 c mark, but more were trailing down towards thej j 200 c mark and some dropped below that level. The finer wools of these types brought mainly from (about 217 c to 240 c, medium 'qualities from about 210 c to '23oc and the stronger wools from 205 c to 227 c. Halfbred i wool realised up to 265 c and Corriedale to 257 c. I The bulk of the Merino

ranged from 235 c to 255 c I.the top mark being 271 c. i Crossbred was selling mainly between 218 c an< 240 c; the top price was 261 c Second-shear crossbret wools ranged mainly t'ron 228 c to 240 c. 1 For the finer lambs’ wool prices fell mainly between about 220 c to 230 c, and the : coarser lambs’ woo! rangec from about 230 c to 244 c. While all these values were at lower levels, the 'fine and course fleece wool : was still 50c to 60c in advance of the corresponding sale last year, and lambs’ -wool was 60c to 70c better. Top price of the sale was i 471 c for two bales of super ■ fine Merino in the bins of ! Pyne, Gould. Guinness, Ltd. I The same firm also had j binned wool at 264 c for five : bales of strong Merino and at 260 c for two bales of II super medium Merino warp. K. D. Stevenson (Rangiora) • received 259 c for 10 bales of ■fine Merino: and 258 c was veil ceived by W. K. Pratt (Blen--I'heim). for five bales of : medium wool and by J. R. : Todhunter and Sons (Rakaia 11 Gorge), for 10 bales of fine 11 wool. A sale at 257 c was 11 made by Stevenson Brothers : (Blenheim), for seven bales of Lmedium wool. Sales at 256 c II were made by Mt Arrowi.smith Station "(Mt Somers). for nine bales of medium ' combing, for four bales of -■strong Merino from M. S. Bower (Swannanoa), and by A. O. H. and N. B. Tripp 1 (Hororata), for three bales. Halfbred wool made to '265c for two bales of extra 'fine wool in the bins of '.Wrightson NMA, Ltd. Pyne. ' Gould. Guinness, Ltd, also [had nine bales of bin wool at 1263 c. One of the best sales j under a grower’s brand was l [made by the estate F. and J. '[Northcote (Waiau), who j received 259 c for seven bales J of fine wool. [I H. E. Ensor (Tyntesfield Station, Blenheim), sold 16 '(bales of Corriedale wool at 1257 c. Sales at 255 c were made , by Richmond Brook Station (Seddon), for five bales of ' fine Corriedale, by the Coldj stream Estate (Ashburton), .'for 10 bales of fine wool and by Ballindalloch Farm. Ltd . (Culverden), for four bales of Jfine wool. ,- Crossbred wool made to I 261 c, which was realised by >|K. J. and . W. Walglish (Le j|Bons Bay), for five bales of I super shorn hogget. The same > I vendors also had eight bales pat 260 c, five bales at 259 c II and six bales of two-tooth j-wool at 258 c. J. H. K. Woodi house (Darfield) also received ](2sBc for 12 bales of Romney [| shorn hogget. I Coopworth wool brought > 250 c for six bales from P. A.

’oblin (Greenpark). J. ‘AI ’arsons (Hororata) also eceived 247 c for 11 bales of horn hogget. Perendale wool made toi : !46c for five bales in the bins I>f Pyne. Gould, Guinness.! : -td. Crossbred second - shear ' wool from A. B. and N. A. | Anderson (Parnassus) sold at 248 c for five bales. A. C. Reynish (Banks Peninsula) had six bales of Romney (wool which made 247 c and P. J. Sheate (Ashburton) ■ realised 246 c for four bales, of Romney wool. K. J. and H. W. Dalgish ’sold three bales of crossbred! I lambs’ wool at 251 c. B. E. Wright (Hororata) realised, 250 c for 13 bales and J. H. K. Woodhouse had a sale ofj Romney lambs' wool at 249 c for 16 bales. Perendale lambs’ wool ini I the bins of Pyne, Gould.Guinness sold for 249 c for 12 bales, and Drysdale wool realised 254 c for six bales; ifrom Woodbine Farm, Ltd((Oxford). I Fine lambs’ wool made to 242 c for five bales of Corrie-1 dale from K. J. Howdenl [(Oxford). Pendene Farm! | (Rakaia) also had five bales, of Corriedale wool at 240 c. I Details of catalogues in ■ order of sale were: Bales Wrightson NMA. Ltd 6708: Pyne. Gould. Guin- I I ness. Ltd 7913 ■Dalgetv NZ Ltd .. 10.6601 'N.Z. Farmers’ Co-op. I Assn. . , 5246 Total 30,527