BOOM WOOL PRICES

Gisborne Herald, Volume LXXIII, Issue 22197, 6 December 1946, Page 7

BOOM WOOL PRICES

BEST SINCE 1924 CHRISTCHURCH SALE TOP LINE MERINO 39fd (P.A.) CHRISTCHURCH, Dec. 0. Average prices probably in excess of anything since the 1924 season were realised at the first Christchurch main wool auction yesterday. The catalogue was 18,097 bales of new wool, with 2500 greasy stock, and \BOO scoured slipe stock. Bidding was exceptionally keen from the Continent, with local mills buying almost all of the super wools offered. Some buying on American account gave useful support. Bradford operations were very limited. The sale was slow but steady throughout. The basis of values established early in the morning held all day. Passings were negligible. The biggest proportion of the offering was fine hoggets, with a good showing of other early shorn wools. In Outstanding Condition Following the mild winter and the excellent spring hogget wools from North Canterbury and Marlborough were in outstanding order. Some South Canterbury hoggets were dusty. Adult wools inclined to be dingy, but in general sound. The sale opened with the first lot making in excess of 30d, and that price was equalled or exceeded regularly during the day. The top price of 393 d was for a single lot of Merino and has seldom been exceeded in Christchurch. The best price for halfbreds was 363 d. Little fleece wool of any quality changed hands below 24d. Some Continental and all local men seemed to be operating without limits. Stock wools also met an excellent demand, and most of the catalogue was cleared. The official report issued by the Christchurch Woolbrokers’ Association in conjunction with the New Zealand Woolbuyers’ Association and the New Zealand Wool Disposal Commission is as follows: —

“At the second Christchurch wool sale 18,100 bales of new season’s wool were offered and, in addition, 5187 bales on account of the New Zealand Wool Disposal Commission. The wool opened up in excellent condition and included a good selection of fine quality hogget wools. “There was a large attendance of buyers and competition was keen. The Continent, America and the local mills were the principal operators. Practically the whole offering of the new season’s wool • was sold at the auction. There was also a good clearance of the stock pile.” Official Range of Prices

Extra super, to 39.3 d. Merino, GO/64’s.—Good to super, 27d to 31d; average, 23d to 26id; inferior, 19d to 22d. Southdown, 58/60.—Good to super, 27d to 284 d; average, 243 d to 263 d; inferior, 20d to 23d.

Fine Corriedale and halfbred. 58. Extra super, 31d to 363 d. Fine Corriedale and halfbred, 56/58. Good to super, 28d to 30d; average, 26d to 27id; inferior, 22d to 24. Medium Corriedale and halfbred, 56. —Good to super, 27d to 30d; average, 24d to 263 d; inferior, 21d to 23d. Corriedale and halfbred, 50/56. Good to super, 25£d to 273 d; average, 223 d to 25d; inferior, 18d to 21d. Three-quarterbred, 48/50.—Good to super, 20d to 22d; average, 183 d to 19|d; inferior, 17d to JBd. Medium crossbred, 46/50. 48, 46/48. Good to super, 19d to 21d; average, 18d to 183 d; inferior, 15d to 17d. Fine halfbred hogget, 58, 56/58, — Extra super, 303 d to 33d; good to super. 28d to 30d; average, 25d to 273 d; inferior, 21d to 24d.

Medium halfbred hogget, 56.—Average. 24d to 27d; inferior, 21d to 23d. Fine crossbred hogget, 50/54, 50. Good to super, 22d to 24d; average, 20d to 21 id; inferior, 18d to 19d. Medium crossbred hogget, 48/50, 48, 46/48.—Good to super, 21d to 22d; aver, age, 19d to 20Ad; inferior, 17id to 18|d. Pieces.—Halfbred: Good to super, 24d to 2Gd; average, 21d to 23|d; inferior, 14d to 18d. Fine crossbred or threequarterbred: Good to super, 183 d to 21d; average, 16d to 18d; inferior, 12d to 15d.

Bellies.—Halfbred: Good to super. 18td to 21d; average, 17d to 18d. Crutchings.—Halfbred: Good to super, 13id to 15d; average, llid to 13d; inferior, 8d to 10id. Three-quarterbred or fine crossbred: Good to super, 13d to 15d. Three-quarterbred or fine crossbred: Average, lljd to 123 d; inferior, 3d to lOd. Locks.—Halfbred: 8d to lid. Crossbred: 7icl to 93d. LEVY ON WOOL (P.A.) WELLINGTON, Dec. 6. The Wool Board announced in last night’s Gazette that the levy on wool on the skin exported for the season ending September 30. 1947. will be 2s per bale, Is per fadge and 4d per bag or sack.