Wool firm at Christchurch

Press, 22 May 1987, Page 5

Wool firm at Christchurch

The wool market remained firm at a combined sale in Christchurch yesterday of wool from Christchurch, Timaru and Invercargill.

The market indicator rose 1c on last week’s Wellington figure to reach 444 c a kilogram greasy, confirming that the market has recovered from last month’s “technical correction” when the indicator had dropped 3 per cent to 436 c. The indicator has since hovered at 438 c to 443 c.

Strong inquiry from exporters with orders to fill and local mills led to prices of crossbred fleece and crossbred lambs’ wool being in sellers’ favour, in spite of the continued strength of the New Zealand dollar against the United States currency.

Crossbred second-shear prices strengthened also, but the demand fell away for crossbred oddments. The market took a little time to establish a steady level, but quickly settled down with a confident tone.

Second-shear wools sold well, with several lines making more than 530 c, and four bales of crossbred from G. Sims (Nelson) reaching 542 c (92.5 dry yield).

Thirteen bales of crossbred two-tooth secondshear from A. L. and P. M. Pawsey (Culverden) made 537 c (90.3), four bales of Romney secondshear from E. R. Seymour (Chatham Islands) made 536 c (90.5), and H. M. Roberts (Amberley) was paid 532 c (89.2) for five bales of Romney twotooth second-shear. S. M. Jenkins (Culverden) received 531 c (88) for seven bales of Perendale cross, and D. L. Holmes (Chatham Islands) sold five bales of crossbred at 530 c (89.2).

Vendors who received 529 c for second-shear included Stone Jug Farm (Kaikoura) for 15 bales of crossbred (89), T. L. Gibson (Murchison) for seven bales of Perendale (89.4), and O’Boyle and Stevenson (Darfield) for 11 bales of Coop worth (88.8). Among other good prices of second-shear were 10 bales of crossbred two-tooth at 526 c (88.1) from Misses D., E. and M. Aitken (Kaikoura); 16 bales of Romney at 523 c (86.5) from E. E. Spencer (Cheviot); six bales of crossbred from D. Edmondson (Nelson) at 521 c (86.8); seven bales of crossbred from Woodstock station (Oxford) at 520 c (88.3); and 11 bales of Halfbred from A. E. and M. E. Birdling (Birdlings Flat) at 516 c (82.2). A price of 534 c (83.7) was paid for six bales of crossbred woolly hogget from an undisclosed vendor, while Glenshane Partnership (Alford Forest) received 516 c (84.1) for seven bales of similar description. Crossbred fleece prices included 522 c (82.8) for 10 bales from J. L. and G. van Rooyen (Kaikoura), 524 c (82.6) for 10 bales from W. A. Gray (Kaikoura), and 514 c (81.6) for 15 bales from J. McLachlan (Leeston). Four bales of Romney two-tooth from W. J. Honeywell (Rakaia) made 514 c (85.3), and 13 bales from J. R. Gardner (Culverden) sold at 521 c (87.3). Loch Ness Farm (Waiau) received 510 c (81.6) for 10 bales of Romney and J. Havill (Greymouth) was paid 508 c (88.7) for four bales of crossbred shorn hogget. Sales in a small offering of Corriedale wool included 500 c (79.2) for five bales of shorn hogget from Mt Virginia station

(Hawarden) and 492 c (77.9) for 18 bales of fine fleece from the same vendor. G. Ballagh (Aylesbury) received 490 c (73.2) for seven bales and R. W. and S. M. Le Pine (Leader Valley) was paid 487 c (74) for five bales.

Two bales of 20.3 micron Merino from P. H. and A. C. E. Gullidge (Blenheim) made 731 c (74.5) and four bales of extra fine Halfbred woolly hogget from Spye Account (Amberley) sold at 511 c (76.7) Other Halfbred woolly hogget sales included eight bales from C. Gorman (Blenheim) at' 497 c (73.9) and seven bales from R. B. Coppard (Darfield) at 496 c (74.2), while a line of four bales of quarterbred woolly hoget from Mt Virginia station made 533 c (77.1). Coopworth reached 542 c (87.3) for seven bales from C. A. Burrows (Christchurch), 539 c (89.8) for five bales of shorn hogget from Auchenflower Farm (Darfield), and 532 c (88.3) for 18 bales from A. F. McArthur and Sons (Darfield). Other Coopworth sales included 10 bales from S. G. and M. R. Walkler (Leeston) at 527 c (84.6), 13 bales from A. McLean (Omihi) at 521 c (83.7), and eight bales from J. D. McLean (Waiau) at 521 c (83.9) Thirty-eight bales of Borderdale woolly hogget from Pendene Farm (Rakaia) fetched 505 c (79.8) and eight bales of Border Leicester from Stevenson Brothers (Flaxton) made 520 c (82).

Perendale lambs’ wool from N. Legg (Rangiora) reached 536 c (82.9) for four bales, Romney lambs’ from Catherwood Brothers ((Darfield) made 531 c (82.7) for four bales, and Winchester Brothers (Ashburton)

received 518 c (82.9) for five bales of Romney.

A. F. McArthur and Sons sold nine bales of Coopworth lambs’ at 521 c (84.4) J. L. Howson (Sedgemere) sold six bales of Halfbred lambs at 525 c (74.6), and B. M. Murray (Cheviot) received 511 c (75) for six bales of Halfbred. Other lambs’ wool prices included 524 c (72.4) for a group lot of nine bales of Corriedale from W. Judd and Sons (Darfield) and A. L. Ludeman (Darfield), 513 c (71.7) for six bales of Corriedale from M. F. Bell (Aylesbury), and 510 c (79.6) for five bales of Down cross from E. J. Gardner (Amberley). Timaru prices

Among the leading prices in the Timaru catalogues was a line of three bales of Border Romney shorn hogget from E. R. Robins (Pleasant Point) which sold at 540 c (88.5). Two vendors received 538 c — S. J. and L. J. Sheen (Geraldine) for nine bales of crossbred (88.9), and W. Revelley and Sons (Mayfeidl) for eight bales of Romney woolly hogget (84.9).

Twelve bales of crossbred from K. W. Walker (Fairlie) made 532 c (84.4), eight bales from I. W. Pooke (Timaru) made 531 c (83.9), 16 bales from I. L. and P. L. Mehrten (Waihao Downs) sold at 519 c (82.3), and South Riding, Ltd (Fairlie) received 515 c (86) for four bales. Romney sales included nine bales from P. C. Johnstone (Otaio) at 525 c (86.2) and 10 bales of two-tooth from D. B. Wilson (Ikiwai) at 516 c (85).

A top line of 10 bales of Romney second-shear from J. J. Ford (Maungati) made 562 c (93.8) while 12 bales of Romney

two-tooth second-shear from Waitohi Farming Co (Pleasant Point) sold at 530 c (89.5). Coopworth second-shear reached 534 c (89.4) for five bales from M. R. Hurst (Pleasant Point) and 520 c (85.7) for eight bales from M. W. and S. H. Fowler (Hinds). Other second-shear sales included Temora Holdings (Ashburton) with 10 bales of crossbred at 537 c (90.6), four bales of Border Leicester from N. T. Sheppard (Maungati) at 523 c (87.5), five bales of crossbred from A. H. Gibson (Southburn) at 525 c (86.7), and nine bales of crossbred from R. M. Wright (Geraldine) at 519 c (86). Fifty bales of medium Perendale from P. P. Hudson, Ltd, (Timaru) made 500 c (78.9) and five bales from T. E. Coffey (Waimate) sold at 499 c (85.1) Halfbred reached 518 c (78.6) for four bales from M. M. and D. A. Keen (Waihaorunga) 491 c (80.2) was paid for six bales of Corriedale from Elderton Brothers (Waimate), and 510 c (87) for four bales of Drysdale from G. J. and J. M. Hogg (Albury). Among sales of lambs’ wool were three bales of Perendale from Springvale Farm (Ashwick Flat) at 512 c (84) and five bales of Border-Merino cross from B. E. Rapsey (Geraldine) at 511 c (78.2).

The order of sale was: Christchurch.—Elders Pastoral 80 lots, 586 bales; Wrightson Dalgety 797 lots, 9173 bales; Pyne, Gould, Guinness 438 lots, 4888 bales; total 1315 lots, 14,647 bales. Timaru. — Wrightson Dalgety 342 lots, 3014 bales; Pyne, Gould, Guinness 129 lots, 1198 bales; total 471 lots 4212 bales. Invercargill.— total, 867 lots 8836 bales.