HIGH VALUES

Otago Daily Times, Issue 26328, 6 December 1946, Page 8

HIGH VALUES

CHRISTCHURCH WOOL SALE TOP PRICE NEARLY 406 (P.A.) CHRISTCHURCH, Dec. 5. Average prices probably in excess of anything since the 1924 season were realised at the first Christchurch main wool auction to-day. The catalogue was 18,097 bales of new wool, with 2500 greasy stock and 1800 scoured slipe stock. Bidding was exceptionally keen from the Continent, with local mills buying almost all of the super wool 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 and passings were negligible. The biggest proportion of the offering was fine hoggets, with a good showing of other early shorn wools. Following the mild winter and the excellent spring, hogget wools from North Canterbury and Marlborough were in outstandingly good order Some Canterbury hoggets were dusty and adult wools were inclined to be dingy, but in general, they were 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, 39$d for a single lot of Merino, has seldom been exceeded in Christchurch. The best price for half-breds was 36£d. Little fleece wool of any quality changed hands at below 24d. Some Continental and all local men seemed to be operating without limits. Stock wools also met with an excellent demand. and most of the catalogue was cleared. RANGE OF PRICES 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 the 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 local mills were the principal operators. Practically the whole offering of the new season’s wool was sold at auction. There was also a good clearance of the stock pile. The official range of prices is as follows : Extra Super.—To 39Jd. Merino (60/64’s).—Good to super 27d to 31d, average 23d to 26Jd, inferior 19d to 22d. Southdown (58/60). —Good to super 27d to 28Jd, average 24Jd to 26Jd, Inferior 20d to 23d. Fine Corriedale and Halfbred (58). — Extra super 31d to 361 d. Fine Corriedale and- Halfbred (50/58). Good to super 28d to 30d, average 2Gd to 27id, inferior 22d to 24d. Medium Corriedale and Halfbred (56). Good to super 27d to 30d, average ?4d to 26}d, Inferior 21d to 23d. Corriedale and Halfbred (50/56).—G00d to super 25Jd to 276 d, average 22id to 25d, inferior 18d to 21d. Three-quarterbred (48/50). Good to super 20d to 22d, average 18Jd to 19Jd Inferior 17d to 18d. Medium Crossbred (46/50, 48, 46/48). — Good to super 19d to 21d, average 18d to 18Jd, inferior 15d to 17d. Fine Halfbred Hogget (58, 56/58).—Extra super 30Jd to 33d, good to super 28d to 30d, average 25d to 27Jd, 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 215 d. inferior 18d to 19d.. Medium Crossbred Hogget (48/50, 48, 46/48).—Good to super 21d to 22d, average 19d to 20id inferior 17Jd to 18Jd. Pieces.—Halfbred: Good to super 24d to 26d, average 21d to 23Jd, inferior 14d to 18d. Fine crossbred or three-quarter-bred: Good to super 18 jd to 21d, average 16d to 18d, inferior 12d to 15d, Bellies.—Halfbred: Good to super 18id to 21d. average 17d to IBd. Crutchings.—Halfbred: Good to super 13Jd to 15d. average Hid to 13d. inferior 8d to load • Three-quarterbred' or Fine Crossbred.— Good to super ,13d to 15d, average 114 d to 123 d, inferior 8d to lOd. ' • Locks.—Halfbred 8d to lid, crossbred 7Jd to 91d. >. - ■ ■■ •