Wool fetches good prices in seventh Christchurch sale

Press, 7 April 1979, Page 22

Wool fetches good prices in seventh Christchurch sale

! Woolgrowers who had I wool in yesterday's Christ- ! church sale had a good day. i Almost a_ll classes were deader again. I The sale was the seventh of the season. I Most of the fleece, both (fine and coarse, went into, iconsumption at prices be-1 I tween 230 c and 260 c per! kilogram, which were 40c to! :50c ahead of rates being] ! paid at the same sale last ; year. The sale opened on a good) note, prices for Halfbred and Corriedale wools, which pre- : dominate in this sale, show- ] ing a good lift on the last j fine wool sale in Dunedin early last month. All classes appreciated, the upward movements varying from 21 to 5 per cent, or by about 6c to 12c per kilogram. The medium and strong fleece and better style lambs’ wool and sec- I ond lambs’ wool showed the biggest advances. Compared with the good rates in Christchurch at the end of February these wools : looked to be selling a little 1 better, but the reverse i seemed to be the ca se with crossbred fleece, although it was firm to dearer on rates I at Auckland on Thursday. I

11 The sale could have lost -(Something of its edge later Jin the day but over all it -|was still a good one. i Sources close to the wool -itrade said that with prices a | today’s levels big money I'was involved in wool buying ijand buyers had therefore to ■ I measure their activities care--!fully, so during a sale there ijcould be a weakening as ’(they filled their requirements meantime. The same (sort of on-and-off trend is ijalso apparently showing up . in inquiries from manufac- ■ turers overseas, but there is still a good demand and undertone to the market. Crossbred lambs’ wool was one of the few categories not quoted as dearer yesterday, yet these wools still looked to be selling well, many lots changing hands between about 250 cl and 265 c and ranging un to 1 276 c. Although all classes of fine lambs’ wool were dearer, these had a somewhat erratic sale, prices varying mainly from about 230 c to 270 c. This was because many of them were affected by storksbill and there was a sufficient supply in the market to allow buyers to be selective and to neglect

;t contaminated types. Some-i r times the Wool Board came] t into the market in support; of these wools. ill The Wool Board, however,: a did not have a lot to do and! ylin the first three catalogues! glof the day it put in a bid on ojonly 2.6 per cent of the; -‘Offering and had 0.7 per cent! e-of the wool (or a mere 1391 si bales out of the selection) - (passed or sold to it. = 1 Although the sale was a 5 reasonably good one, comj petition could only be des- - cribed as moderate and not 3 particularly well spread. 1 Western and Eastern European interests provided the 1 main competition, with some - support from Japan and r New Zealand mills. Bradford ; was relatively quiet. > There was only a little r Merino in the sale and it was estimated to be nomjiinally firm. It made mainly from about 245 c to 270 c for ■ fleece, and up to 285 c. Among the better sales of ■ : this class of wool were 45 bales from Erewhon station | in the Rangitata Gorge . which brought from 250 c to i 285 c. : All categories of Halfbred : and Corriedale fleece were i well up on Dunedin rates, 1 . the finer qualities being '

quoted fully 21 per cent dearer and the medium and stronger sorts 5 per cent better.

Most of these wools brought from about 230 c to 200 c.

, The Cheviot Downs Part[nership realised from 248 c to 256 c for 31 bales of; ICorriedale fleece and 260 c; Ifor another four bales of lambs’ wool. Gudex Brothers, of Rangiora, also had 26 bales of Halfbred fleece bringing from 250 c to 254 c. Among the crossbred wools, which were almost all up again on rates at Auckland on Thursday, it was the cotted wools” that showed the most marked! gain: they were up to 24 per] cent dearer and made to more than 240 c.

Crossbred fleece wools, which were slightly dearer, brought from about 238 c to 260 c, and second-shear wools from about 250 c to 260 c.

i There were odd exi ceptional sales for coarser : wools. Near the close of the 1 sale a nine bale lot of English Leicester wool from H. Bennett (Wakanui, MidCanterbury) 'ached 309 c. “There must be gold in

i those bales'’ someone com imented.

Earlier, six bales of Lincoln wool from Mrs A. P. Bennett, of Cust, sold for 308 c. It was described as being of magnificent style i and character being broad of staple, of good length and liustrious. It had a fibre uilameter of 42 microns or | coarser than 36s quality i count.

; Among good sa'es of (crossbred type fleece were 1 26 bales of Romney from D. IJ. Innes (Duvauchelle) which brought from 264 c to 270 c and six bales of lames’ wool at 261 c. A. J. Hutchinson (Wainui) sold 13 bales of second-shear wool at 276 c to 277 c.

However, the fact chat it was an end-of-season selection with a lot of the wools being partly cotted and discoloured and also faulted by seed, did not help the sale. However, some of the less attractive wools still sold well.

The honour of taking top price in sale went to nine bales of English Leicester ewe wool from H. Bennett (Wakanui), who received 309 c. This was catalogued as crossbred. In second place were the six bales of Lincoln wool from Mrs A. P. Bennett (Cust) which realised 308 c.

For four bales of strong crossbred wool in the bins

Dalgety New Zealand, Ltd, i the price was 284 c. One of, the best sales under a| grower's brand was that for; seven bales of medium! woolly hogget from D. M.| Wightman (Methven), which! sold for 279 c. G. J. Petterson (Nelson)j

- realised 274 c for seven bales! of strong shorn hogget and! ■ D. J. Innes (Duvauchelie)|: . had five bales of shorn! r Romney hogget at 270 c. The s Lands and Survey Depart- ; ment (Westport) 'was paid f 270 c for 44 bales of shorn I hogget wool. Merino sold to 285 c for; •Inine bales of fine wool from! y!Erewhon station (Rangitata! • Gorge) and for four bales in '(the bins of Wrightson :(N.M.A., Ltd. M. R. J. Buick! . i (Ashburton) had six bales of!’ II super ewe wool which made I j 282 c and another 10 bales of i I! ewe wool at 278 c. ; Down wool in the bins of Dalgety’s made to 284 c for t three bales, and to 282 c for < four bales in the bins off! Wrightsons. One of the best sales for]] halfbred wool was made ati< 263 c for 68 bales of extra-!f ■ fine ewe wool in the cata- ( logue of Wrightsons. Milli- f kens Estate (Springfield) re- . alised 257 c for five bales of r extra-fine woolly hogget. A. / i M. Spencer-Bower and Sons'j (Cust) realised 255 c for four!/ bales of extra-fine Halfbred. ’ ; and sales at 254 c were made j jby Gudex Bros (Rangiora) f for nine bales of fine wool f and by J. D. Stewart (Lo- a burn) for 12 bales. The best money for Cor-k riedale wool was 267 c for 11 I bales of shorn hogget from r I Sulphur Springs Estate e (Scargill). The same vendors j, | had nine bales of extraI strong wool at 256 c. L. M. si I Rutherford (Waiau) realised 1264 c for nine bales of shorn 7 hogget and R. Robinson/; (Ashburton) sold nine bales;Jl of strong wool at 259 c. v M. H. Molloy (Little! bi

River) obtained 279 c for fou bales of Peendale shon hogget, and Greenfields United (Greymouth) realised 276 c for nine bales of shorn hogget. Second-shear wool made to 290 c for four bales of (crossbred from J. M. Nurse i(Cheviot). For five bales. A. •J. Hutchinson (Wainui) received 277 c and he had aniother eight bales at 276 c. jFo eight bales of CoopI worth wool the Knights Estate (Lavericks Bav) received 275 c. For fine second-shear wool J. T. Robertson (Rangiora) was paid 266 c for five (bales of Halfbred. For lambs’ wool. J. B. (McKendry (Methven) received 289 c for four bales of fine Perendale. A. Hawke (Nelson) received 280 c for four bales of Perendale wool and sales at 279 c were made by J. T. R. Chambers (Culverden) for six bales and by M. V. Oborne (Akaroa) for four bales. The top price for fine lambs’ wool was 283 c for five bales of Corriedale wool from W. L. Hassall (Hawar den), and for eight bales of Halfbred wool in the bins of Wrightsons. J. G. Kay (Blenheim) sold five bales of Cor-, riedale at 280 c. L. M. Ruths erford realised 279 c for four bales of Corriedale. Catalogues in order of sale were: Dalgetv New Zealand. Ltd 7675 bales; N.Z. Famieri Co-operative Association 4635 bales; Pyne. Gouh Suinness. Ltd. 7380 bald Wrightson NMA. Ltd. 789 tales: Total: 27,589 bales.