Prices fall at Timaru sale

Press, 11 September 1987, Page 17

Prices fall at Timaru sale

Crossbred fleecy prices fell another 2 to 3 per cent while Merinos dropped 5 per cent at yesterday’s Timaru and Invercargill wool sale at Christchurch.

The market indicator fell 12c from last week’s Dunedin sale to finish at 597 c a kilogram clean, compared with 632 c at the previous Timaru sale in late August The indicator price has continued to fall in spite of the New Zealand dollar in a slightly weaker position against United States currency than it was during the Dunedin sale. The Wool Board again gave strong support to the market, although not to the same extent as it had at Dunedin where it bought, or had passed to it, 47 per cent of the offering. Yesterday the board bid on 42 per cent and bought or had passed to it 15.4 per cent (2410 bales). The offering was made ’ip of 28 per cent crossbred fleece, 22 per cent crossbred second-shear, 13 per cent Halfbred fleece, 12 per cent crutchings, and a small offering of Merino fleece from the South Canterbury high country.

The Merino wools were generally bright and wellgrown while some lots of hill country Halfbred were showing signs of colour. The South Canterbury crossbred fleeces were mostly well-grown and of good colour while some oddments were contaminated by mud from the recent spell of wet weather.

Compared with Dunedin, crossbred fleece prices were 2 to 3 per cent cheaper, crossbred second-shear was up to 2 per cent cheaper, Halfbred fleece was 2.5 to 4 per cent cheaper, Merino fleece (20 to 22 micron) was fully 5 per cent cheaper, crossbred skirtings were up to 2.5 per cent cheaper, crossbred crutchings and oddments were up to 5 per cent cheaper, and Halfbred skirtings, crutchings and oddments were about 2.5 per cent dearer.

About 21,000 bales will be offered in Christchurch today. The top price in the Timaru catalogue was 1201 c (70.2 per cent yield) paid for eight bales of 19.8 micron Merino from McKenzie Brothers (Kurow). The same vendors received 1052 c (73) for 25 bales of 20.6 micron Merino.

B. J. Rayne (Temuka) sold four bales of 19.8 micron Merino woolly hogget at 1189 c (73.3), and B. W. Aubrey had several sales, including six bales of 19.8 micron at 1156 c (68.2), four bales of similar micron at

1132 c (66.8), and 12 bales of 20.9 micron at 912 c (71.3).

Fourteen bales of 21 micron Merino from Walrua Downs (Hakataremea Valley) made 941 c (78.3), four bales of 21.1 micron from M. W. and J. A. Simpson (Oamaru) sold at 925 c (77.8), and B. J. Scott (Pleasant Point) received 831 c (76.6) for four bales of 21.7 micron.

Among leading Halfbred sales were 25 bales from D. T. Lowe and Company (Hinds) at 601 c (77.9), and three bales from M. W. and J. A. Simpson (Oamaru) at 594 c (79.7). The Simpsons had other sales at 580 c (76.5) for 27 bales and 575 c (79.8) for eight bales.

M._A. Small and Company (Hakataramea Valley) sold 18 bales of Halfbred at 582 c (75.1) and 22 bales at 570 c (76.6), J. M. and J. G. Keliand (Twizel) sold five bales at 570 c (72.3), and A. W. and P. J. Milne (Albury) five bales of woolly hogget at 571 c (76.9).

Three lots of four bales each of Corriedale two-tooth from J. H. McKenzie and Son (Duntroon) made 584 c (81.2), 581 c (77.7), and 580 c (79.5). J. and C. de Galway (Fairlie) sold 21 bales of Corriedale at 572 c (78.1), D. M. Gardner (Waihaorunga) eight bales of woolly hogget at 571 c (75.4), and B. E. and J. D. Cooney (Hakataramea Valley) eight bales at 570 c (72.3). Other leading Corriedale prices included 568 c (77) for 14 bales from Waimai Partnership (Waimate), 552 c (72.6) for seven bales from D. E. and B. J. Bray (Ashwick Flat), 549 c (73.8) for four bales from A. G. Mcßae (Hakataramea Valley), and 543 c (70.7) for seven bales from O. L. and S. K. Donaldson (Westerfield). Six bales of crossbred woolly hogget from J. F. and M. R. Sims (Fairlie) made 549 c (81.7) while four bales of crossbred from Oakley Brothers (Fairlie) reached 532 c (77.5). Romney fleece sales included 546 c (90) for six bales from J. and M. Gregan (Four Peaks), and 536 c (90.7) for eight bales from MacDonald Brothers (Hilderthorpe). Ten bales of Romney woolly hogget from Mona Farm Partnership (Mt Somers) sold at 543 c (82.1), six bales of Romney twotooth from P. A. and M. T. Anderson (AlbUry) made 531 c (87.6), and 14 bales of Romney shorn hogget from Merivale Farm (Morven) reached 535 c (83.8). Hogg Holdings, Ltd (Albury), received 527 c (86.9) for 30 bales of Romney cross.

Among Perendale sales were 14 bales of two-tooth from J. L. Bishop (Bluecliffs) at 539 c, 29 bales from Leslie Downs (Fairlie) at 531 c (84.1) and 21 bales from R. B. Baker (Cannington) at 520 c (85:3). Coopworth two-tooth wool reached 545 c (89.8) for eight bales from N. L. and J. D. Newton (Geraldine), 522 c (86.1) for eight bales from C. A. and R. C. Schikker (Mayfield), and 520 c (85.3) for eight bales from J. B. and M. J. Williams (Cattle Valley). Twelve bales of Border Leicester cross woolly hogget from H. P. McKerehar (Cannington) made 541 c, and nine bales of Border Leicester from Glencalrn, Ltd (Waimate) made 522 c (85.4). I. G. and H. E. Murdoch (Ashburton) sold six bales of Borderdale woolly hogget at 521 c (75.8) G. A. McKerehar (Cannington) seven bales of Border-Romney shorn hogget at 516 c (84.5), and Hogg Holdings received 521 c (88.4) for four bales of Drysdale. Among second-shear sales were 20 bales of crossbred two-tooth from P. F. J. Quantock (Pleasant Point) at 530 c (90.5), and seven bales of similar description from W. Taylor (Fairlie) at 526 c (86.4).. Overland Farm, Ltd (Waihaorunga) was paid 530 c (74.2) for 22 bales of Halfbred second-shear, W. B. and L. Nelson (Geraldine) 527 c (88.8) for seven bales of Romney two-tooth, and B. R. Petrie (Ashburton) • 508 c (86.1) for 24 bales of Coopworth.

The order of the Timaru catalogue was: Wrightson Dalgety 496 lots, 5171 bales; Pyne, Gould, Guinness 154 lots, 1577 bales; total 650 lots, 6748 bales. . ■ The range of yesterday’s clean prices issued by the Wool Board Is: Merino, 21 micron, colour measurement 1,80 mm 1280. Halfbred and Corriedale, 25 micron, 2,90 mm, 760; 27 micron, 2,95 mm, 755; 29 micron, 2,100 mm, 708 n; 31 micron, 2,105 mm, 668; Pieces, 28 micron, 4,75 mm, 657; Bellies, 28 micron, 4, 75mm, 616; Locks, 28 micron, 4,40 mm, 560. Crossbred, 35 micron, 5, 125 mm, 607; 37 micron, 2, 125 mm, 611; 37 micron, 5, 125 mm, 597; Pieces, 35 micron, 9,100 mm, 536; Bellies, 35 micron, 10, 100 mm, 533; Locks, 35 micron, 10, 50mm, 440; Crutchings, 37 micron, 5, 65mm, 526. Second-shear 37 micron, 2, 100 mm, 598; 37 micron, 5, 100 mm, 589; 37 micron, 2, 85mm, 588; 37 micron, 5, 85mm, 583; 37 micron, 2, 75mm, 580; 37 micron, 5, 75mm, 572.