More Chch, Timaru wool moves

Press, 2 November 1985, Page 7

More Chch, Timaru wool moves

By lowering its intervention levels at yesterday’s Christchurch and Timaru wool sale, the Wool Board ensured that : more of the small offering went to exporters. ■ The board’s bidding prices were reduced by up to 7-5 per • cent for fine fleece wools, compared with the last sale in Dunedin on October 24. It ended up' buying or having passed to it 40 per cent of the offering, compared with more than 50 per cent at recent sales. Exporters were more competitive, particularly at the top end of the Merino fleece market But without advance warning of the board’s intentions, buyers did not have orders from overseas against which to buy. These might take a week or two to flow now that the new market level has been set, sources said. So the full value of the price reductions in reducing the board’s purchasing may not be apparent until next week’s sale in .Dunedin or the sale in Christchurch on November 13. Exporters were generally happy yesterday that the board had given them the chance to be more active and they had a new determination to move wool to overseas manufacturers. The board’s lowering of intervention prices will not be apparent in growers’ returns because for the fine end of the clip the board has been supplementing growers’ prices up to the floor prices. Thus the supplements have now been increased and yesterday up to 180 c a kilogram was paid. But the bulk of the supplementation was in the range of 10c to 80c a kilogram. Two top International Wool Secretariat officials, Mr Robert Nahas, from New York, and Mr Terry Hennessey, from London, attending the Christchurch sale yesterday, warned that New Zealand could not withdraw its wools from the international market without suffering ill-effects. While the high New Zealand dollar value was preventing exporters from making sales, overseas manufacturers had to look elsewhere for their supplies, either to synthetics or to competing wool producing countries, they warned. At the top of the .Christchurch auction prices was H. G. Innes (Flock Hill) who sold an unusually large lot of 20 bales of extra fine Merino woolly hogget at 17.5 microns for 1012 c (69.5), another five

bales for 1005 c (69.4), seven bales for 1000 c (68.2) and four bales for 783 c (67.0). ' Two Wairau Valley (Marlborough) growers received a top price of 990 c — W. A. Lacey for four bales of fine woolly hogget (72.5) and H. G. and J. L Fowler for six bales of superfine woolly hogget (69.1) The Fowlers also received 817 c (71.6) for four bales of extra fine two-tooth, 815 c (71.4) for three bales of superfine two-tooth, 811 c (69.9) for three bales of extra fine woolly hogget and 775 c (70.0) for four bales of extra fine Merino wether. W. A. Lacey also sold four bales of medium woolly hogget for 861 c (74.3). R. E. Mackenzie (Wairau Valley) sold three bales of extra fine woolly hogget for 894 c (71.7), two bales of fine fleece for 843 c (73.9), five bales of fine woolly hogget for 824 c (72.2) and five bales of fine for 772 c (74.4). A combined lot of four bales of extra fine woolly hogget from M. J. and D. S. Cambridge (Blenheim) made 843 c (70.1). M. J. Cambridge sold nine bales of fine woolly hogget for 786 c (69.2), three bales for 779 c (68.7) and nine bales for 763 c (69.6). Haycocks Run (Wairau Valley) sold eight bales of fine and medium woolly hogget for 807 c (70.7) and E. W. Rentoul (Wairau Valley) sold three bales of woolly hogget for 803 c (70.8) and six bales for 729 c (70.3) R. Prouting (Peel Forest) sold five bales of extra fine woolly hogget for 783 c (64.6), 11 bales for 770 c (63.9), and three bales for 741 c (63.4); Proutings Mesopotamia, Ltd, sold 24 bales of extra fine woolly hogget for 727 c (63.7) and seven bales for 685 c (66.1). C. T. D. and M. J. Sandall (Blenheim) sold 11 bales of fine woolly hogget for 765 c (67.5), R. L. Pearce, Ltd (Aylesbury) sold five bales of fine woolly hogget for 763 c (66.9); C. • M. Chamberlain (Hororata) sold six bales of fine woolly hogget for 760 c (66.6); M. A. and M. P. Jackson (Blenheim) sold nine bales of fine wether for 696 c (73.9) W. A. Johnston (Dunsandel) sold six bales of Merino for 729 c (68.5) and J. N. and G. A. Senior (Wairau Valley) sold four bales of fine Merino fleece for 694 c (74.1). For Halfbred wool, J. N. Murchison and Son (Lake Coleridge) sold four bales of extra fine woolly hogget for 564 c (67.3) and four bales for 535 c (68.0). M. G. and N. S. Urquhart

(Kaikoura) sold nine bales of woolly hogget for 492 c (76.7) and five bales for 459 c (77.4); G. Nell (Rakaia Gorge) sold eight bales Of extra fine for 453 c (67.5); five bales of extra fine woolly hogget for 441 c (68.9) and 15 bales of extra fine two-tooth for 433 c (69.8). Edendale station (Mt Somers) sold five bales of extra fine woolly hogget for 451 c (73.3); -Northcote Trust (Waiau) sold seven bales of woolly hogget for 437 c (76.6) and 22 bales for 425 c (77.1); Lees Valley Estate sold seven bales of extra fine for 419 c (76.1) and Glyn Wye Station (Lewis Pass) sold four bales for 416 c (72.3). Benmore Graziers (Springfield) sold four bales of extra fine Corriedale woolly hogget for 455 c (69.0), eight bales of fine woolly • hogget for 435 c (70.2) and eight bales of medium woolly hogget for 425 c (71.1) L. R. Forrester-(Hawar-den) sold four bales of extra fine woolly hogget for 442 c (69.2) P. R. Rutherford (Hawarden) sold 11 bales of fine woolly hogget for 414 c (71.5) and A. F. G. Blakely (Waikari), sold six bales of extra fine shorn hogget for 307 c (69.8). Among the crossbred offering, four bales of shorn hogget made 419 c (87.3) for I. M. Wallace (Greymouth), five bales of second-shear made 418 c (90.1) for T. F. Holden (Greymouth); Lynton Downs (Kaikoura) sold 11 bales of Romney shorn hogget for 411 c (86.3) Lands and, Survey Marawhiti (Reefton) ’ sold 17 bales of shorn and woolly hogget for 405 c (85.8); T. F. and K. J. P. Smith (Kaikoura) sold four bales of second-shear for 402 c (87.9); P. F. and H. A. Le Lievre (Banks Peninsula) sold six bales of Romney shorn hogget for 397 c (84.1); B. H. Hansen (Te Pirita) sold five bales of English Leicester shorn hogget for 393 c (78.9); Ben Nevis, The Owen, Ltd (Murchison) sold 10 bales of Romney hogget for 390 c (83.1) and G. Basher (Nelson) sold 5

bales of crossbred shorn hogget for 385 c (80.7). The Lands and Survey Quartz Range (Nelson) sold 18 bales of fine Perendale hogget for 424 c (86.3); Lands and Survey Marawhiti (Reefton) sold 28 bales of shorn hogget for 400 c (86.7); P. G. and B. H. Iremonger (Nelson) sold four bales of shorn hogget for 391 c (83.1), and M. J. Pascoe (Nelson) ■ sold four bales for 395 c (85.7) In the Timaru section the top price was received by A. and D. France (Tekapo) of 1050 c (71.6) for 11 bales of medium merino woolly hogget (17.9 micron) and 1020 c (70.0) for 10 bales of fine woolly hogget (17.6 micron). Braemar station (Tekapo) sold four bales of extra fine woolly hogget for 970 c (70.9), 16 bales of fine quarterbred woolly hogget for 745 c (73.0) and five bales of the same description for 710 c (71.7). Four bales of extra fine woolly hogget wool from M. B. and J. E. Thomas (Omarama) made 970 c (69.1) four bales of super fine hogget brought 831 c (68.6), 17 bales of extra fine made 820 c (70.5), 9 bales of superfine were sold for 770 c (67.8) and another five bales of fine fleece made 762 c (69.0) for the same vendor. Wairua Downs (Kurow) sold three bales of fine woolly hogget for 808 c (73.1) and another three bales for 704 c (68.7). Glenmore station (Tekapo) sold four bales of fine Menno fleece for 774 c (67.6), eight bales for 740 c (66.5), and 17 bales of fine woolly hogget for 703 c (70.3). Simons Pass station (Pukaki) sold six bales of fine woolly hogget for 852 c (72.6), and the same price was received by Irishman Creek station (Tekapo) for three bales of woolly hogget (68.9), and this vendor also received 719 c (71.9) for 10 bales. Gddley Peaks station (Tekapo) sold 10 bales of extra fine Merino for 837 c (69.2), six bales of fine for 737 c (66.6) and 12 bales for 690 c (69.7). D. T. Lowe and Co. (Ashburton) sold

four bales of fine woolly hog-; get for 724 c (68.9) and six bales of extra fine for 683 c (65.8). W. L. Preston (Pukaki) sold IL bales of fine Merino'for 691 c. (69.1) and five bales for 661 c (70.6). . S A top price at auction of 503 c (75) was received for six bales of medium Halfbred woolly hogget from Hoskeii Bros (Pukaki). Four bales of extra fine woolly, hogget made 491 c (73.2) for A. T. Murray (Tekapo), six bales made 486 c (72.5) and 14 bales of fine woolly hogget made 473 c (75.1). R. J. Aubrey (Omarama) sold six bales of fine woolly hogget for 4J9c (71.8), another six bales of extra fine for 477 c (70.1) and four bales for 470 c (71.1)

P. J. Walton (Maheno) sold eight bales of fine woolly hogget for 482 c (72.8) and four bales for 460 c (72.6). For coarser wool, J. A. Anderson and Sons (Albury) sold 15 bales of crossbred twotooth for 426 c (87.7), A. Gillespie (Waimate) sold 14 bales of crossbred for 414 c (86.4), W. B. Armstrong (Waihaorunga) sold five bales of Perendale for 408 c (84.9), and Belmont Partnership (Cave) sold> five, bales of Perendale secondshear for 401 c (84.1). Mahoe Farm (Cannington) sold 18 bales of Coopworth for 395 c (83.0), R. J. and M. J. Bush (Ashburton) sold 11 bales of Coopworth shorn hogget for 384 c (80.0) and N. J. Early (Ashburton) nine bales of the same description for 382 c (79.4).

The order of sale was: Timaru, Dalgety Crown, 137 lots, 1413 bales; Wrightson N.M.A. 160 lots, 1523 bales; Pyne, Gould, Guinness, 204 lots, 1881 bales; total 501 lots, 4817 bales. Christchurch, Pyne Gould Guinness, 301 lots, 2792 bales; Wrightson N.M.A., 368 lots, 3293 bales; Dalgety Crown, 392 lots, 3825 bales; total, 1070 lots, 9910 bales. Prompt date for the sale is November 19.