N.Z. RECORD PRICE

Gisborne Herald, Volume LXXIV, Issue 22514, 18 December 1947, Page 5

N.Z. RECORD PRICE

GREASY JWOOL 60* CHRISTCHURCH SALE BIDDING WELL SPREAD (P.A.) Christchurch, Dec. 18. The prices for fine wools exceeded all expectations at the first main sale of the Christchurch selling season, which was ' held yesterday. A record price for New Zealand greasy wool of 60d was established, and the prices were so good that the gross return from the sale also possibly will be a record. The great bulk of the better style Corriedale and halfbred ewe wool changed hands at between 40d and 50d a pound and sales at more than 50d were numbered in scores. The bidding was well spread among a full bench of buyers, but for extra choice lots the local mills were dominant. The Continent bought strongly, and Bradford buyers were in at encouraging levels and lifted a good proportion of the offering. The catalogue consisted of 30,151 bales, practically all of it new season’s wool. The passings were a minute fraction of the offering' and Joint Organisation did not buy a bale. Compared with the April sale, the best of the fleece wool of above 50’s counts were 20d dearer yesterday. All except the very best of the hogget wools were erratic and some of the less attractive were cheaper than they were at the October sale. All wools below 56's were erratic and though on the average were better than in April were a little below the' October level. Crossbreds sold fairly steadily, but were from a par to easier than at the recent North Island sales.

Crutchings and lower pieces, which were relatively cheap at the October ; sale in comparison with fleece wools, j rose sharply and returned to a reasonj ably comparable price. The rise for | some type's was Bd. The sale began at 8 o’clock in the morning and did not end until 11 p.m. I OFFICIAL RANGE OF PRICES I Merino, GO/64’s. —Extra super, 50Jd to : sSid; good to super, 45d to 50d; aver- : age, 39d to 44d; inferior, 35d to 38Jd. Southdown, 58/60’s.—Good to super, 37d to 40d; average, 33d to 36Jd; inferior, 28d to 32£d. Extra Fine Corriedale and Halfbred, 58/60’s. —Extra super, 50£d to 60d; good to super, 47d to 50d; average, 42d to 461 d. Fine Corriedale and Halfbred, 56/58’s. —Extra super, 50d to 5Gd; good to super, 46d to 491 d; average, 41d to 45Jd; inferior, 33d to 39d. Medium Corriedale and Halfbred, 56’s. —Good to super, 40d to 47d; average, 36d to 39Jd; inferior, 28d to 34d. Corriedale and Halfbred, 50/56’s. Good to super, 35£d to 38d; average, 32d to 35d; inferior, 28d to 31Jd. Strong Halfbred or Fine Tlireequarterbred, 52’s. —Good to super, 28$d to 32d; average, 26d to 28d; inferior, 23d to 25d. Fine Crossbred, 50’s.—Good to super, 261 d to 28d; average, 24d to 26d; inferior, 21d to 23d. Medium Crossbred, 46/50’s. —Good to super, 25d to 26?>d; average, 23d to 24id, inferior, 20d to 22d. Extra Halfbred Hogget, 58/60 s.— Extra super, 50d to 563 d; good to super, 47d to 49Jd; average, 41d to 46d; inferior, 36d to 39d. Fine Halfbred Hogget, 56/58 s.—Good to super, 45d to 49d; average, 38£d to 44d; inferior, 30d to 36d. Medium Halfbred Hogget, 56’s.—Good to super, 40d to 45d; average, 32d to 39d; inferior, 27d to 31d. Fine Crossbred Hogget, 50/54 s.— Good to super, 28d to 30d; average, 26d to 27Ad; inferior, 22d to 25d. Medium Crossbred Hogget, 46/50 s.— Good to super, 26£d to 28d; average, 24d to 2Gd; inferior, 20d to 23d. Pieces. —Merino, good to super 37id to 39d, average 34d to 37d; halfbred, good to super 36d to 40.}d, average, 29d to 35d; fine crossbred or three-quarter-bred, good to super 25£d to 28d, average 23d to 25d; crossbred, good to super 21d to 223 d. average 19d to 20Jd. Bellies.—Halfbred, good t 9 super 27d to 30d, average 24d to 26j|d, inferior and seedy 18d to 23d; crossbred, good to super 20£d to 23£d, average 19d to 20d, inferior and seedy' 17d to 18d. Crutchings.—Halfbred, good to super 21Ad to 24d, average 18d to 21d; threequarterbred or fine, good to super 20d to 22d, average 18d to 19|d; crossbred good to super 20d to 23£d, average 18d to 19?-d Locks.—Halfbred, 12d to 163 d; crossbred, 12d to 14d.