Wool recovers in Chch sale

Press, 15 February 1986, Page 6

Wool recovers in Chch sale

The wool market is still rising and falling with the movement of the New Zealand dollar, and at yesterday’s sale in Christchurch the market indicator , rose 9c a kilogram ereaSy. It had fallen 9c the previous day, at a sale of Auckland wool in Wellington, and so yesterday the indicator returned to the level set at the Timaru and Invercargill sale on Wednesday, at 341 c greasy.

Until Thursday, the lowest point for the season was 338 c

The chairman of the Council of Wool Exporters, Mr Michael Moss, explained yesterday that a rise or fall of one United States cent in the value of the New Zealand dollar (as happened on Thursday and yesterday) is a change of 2 per cent in the dollar's value which translates to a 6c or 7c a kilogram (greasy) effect on the auction market

Yesterday good Halfbred wool sold quite well, according to Mr Moss, compared with prices being paid for equivalent wool in Australia. However, all poorer style wool is being discounted by the trade because of an overabundance of poorer types. A feature of the Christchurch sale yesterday was the activity of buyers for New Zealand mills who were keen

to secure quantities of fine fleece before these types finished for the season.

Top price was paid for three bales of fine Merino wether two-tooth, .wool sold for R. F. and L A. Dugdale (Springfield) at 758 c (67.1 per cent yield) and the same vendor sold two bales of fine wether hogget for 661 c (64.2). T. A. Hart (Methven) sold 12 bales of fine Merino woolly hogget for 670 c (66.4) and three bales of medium woolly hogget for 638 c (67.9); and E. W. Rentoul (Wairau Valley) sold 10 bales of Merino for 654 c (73.0), seven bales for 636 c (71.4) and six bales for 630 c (71.4).

Polwarth two-tooth wool sold for 410 c (64.8) for six bales grown by J. M. Pugh (Amberley). Glenhope station (Lewis Pass) sold four bales of fine shorn Halfbred hogget for 430 c (70.3) and another four bales for 396 c (70.1); Oakmoor Farm, Ltd (Darfield), sold four bales of extra fine shorn hogget for 373 c (66.8). At the top of the Corriedale fleece was eight bales of fine shorn hogget grown by R. J. Bell (Bumham) which sold for 390 c (64.9), followed by seven bales from D. and R. A. Ensor (Cust) who sold medium shorn hogget for 386 c (70.4), Rfiebum Farm (Blenheim) four bales of

Corriedale two-tooth for 382 c (74.1) and G. H. Fulton (Ranglora) a six-bale lot of strong fleece for 380 c (73.7), a three-bale lot of fine fleece for 376 c (69.3) and a fivebale lot for 375 c (70.4). A. W. Menzies (Duvauchelle) sold seven bales of fine Corriedaie woolly hogget for 378 c (64.4) and 16 bales of medium woolly hogget for 372 c (66.7). Holleth Hills, Ltd (Amberley), sold nine bales of medium shorn hogget for 376 c (69.6), M. F. Bell (Dunsandel) five bales of shorn hogget for 377 c (69.8), a group lot from Pyne, Gould, Guinness of nine bales of medium shorn hogget made 374 c (69.0, P. D. Reid (Blenheim) sold eight bales of shorn hogget for 371 (70.2), J. J. Lochhead (Motunau) four bales of extra strong for 364 c (72.3) and four bales for 372 c (75.3) E. W. Early (Ashburton) sold 10 bales of two-tooth for 361 c (76.1). Eight bales of lustrous English Leicester fleece grown by H. Bennet and Son (Ashburton) brought 415 c (76.7), four bales of Borderdale twotooth grown by G. P. Richards (Oxford) sold for 384 c (80.6) and 11 bales sold for 388 c (77.6) for the same vendor. C. C. and M. H. Whiteman (Rakaia) sold four bales of English Leicester for 380 c (75.6), G. H. Fulton five bales of medium Borderdale

for 380 c (76.0) and eight bales for 367 c (75.4). Four bales of crossbred fleece reached 397 c (87.1) for K. R. Gardner (Blenheim), four bales made 397 c (82.0) for T. R. and D. J. Weir (Duvauchelle), 11 bales of Romney shorn hogget made 395 c (80.3) for P. J. Wright (Methven) who also sold 24 bales of Romney for 387 c (79.3), Kincardine Farm (Ashburton) sold seven bales of crossbred for 394 c (82.3), Okoha Holdings (Marlborough Sounds) eight bales of strong crossbred for 394 c (85.1), P. W. Sims (Nelson) four bales of crossbred shorn hogget for 393 c (82.7), Tara Farm, (Coalgate) six bales of medium crossbred shorn hogget for 392 c (77.9), Rainbow station partnership (Nelson) 33 bales of Romney fleece for 391 c (83.7), Whyalla Partnership (Ashburton) seven bales of crossbred shorn hogget for 391 c (78.4) and J. W. Hendry (Methven) 12 bales of crossbred shorn hogget for 390 c (83.6). Roylan Farms (Oxford) sold 13 bales of medium crossbred for 388 c (81.6), J. R. Roy (Oxford) 16 bales of crossbred for 387 c (79.4), Drumnacott Farm (Darfield) four bales of crossbred shorn hogget for 387 c (77.2), W. A. Hart and Son (Methven) 31 bales of medium crossbred for 386 c (85.1), Otarawao

Fann (Nelson) six bales or crossbred for 386 (80.3), a bin lot of seven bales of fine crossbred shorn hogget from Wrightson N.MA sold for 386 c (72.0) and A. W., P. F. and S. W. Waddell (Ashburton) sold 12 bales of crossbred for 385 c (77.6). Perendale sold to a peak of 394 c (80.4) for Roylan Farms (Oxford) for four bales and this vendor also received 380 c (81.3) for nine bales of medium. Lightfoot Farm (Ranglora) sold five bales of Perendale shorn hogget for 393 c (77.8), G. W. Simes (Duvauchelle) five bales for 384 c (78.8), the Department of Lands and Survey (Greymouth) five bales for 384 c (84.4) and P. H. Parkinson (Banks Peninsula) 14 bales for 374 c (80.0). D. and R. Logan (Ashburton) sold eight bales of Coopworth shorn hogget for 393 c (78.9), R. M. Thomson (Culverden) 43 bales for 383 c (78.0), D. J. Butterick (Ashburton) 25 bales for 373 c (77.3) and the same price (82.7) was received by D. G. and Y. M. Murfin .(Ikamatua) for four bales.

Top of the second-shear was Lands and Survey, Quartz Range (Nelson) with 21 bales of Perendale which made 417 c (85.0) and 30 bales of Perendale which made 408 c (86.1); J. R. Gardner (Waiau) sold 23 bales of crossbred second-shear for 409 c (82.1); D. C. and D. M. Sauer (Methven) five bales of Romney for 407 c (83.8); Okoha Holdings (Marlborough Sounds) 18 bales of strong crossbred for 405 c (82.8), J. D. Baynes (Greymouth) eight bales for 405 c (82.6), Strathmore Enterprises (Banks Peninsula) 13 bales of Perendale for 402 c (81.9), L. J. Robinson (Wakefield) four bales of Romney for 399 c (81.5), A. Christie (Christchurch) four bales of crossbred for 398 c (81.3), L. M. Fitzsimmons (Greta Valley) 17 bales of

crossbred for 393 c (82.0) and M. J. O’Connor (Blenheim) 18 bales of Romney ’for 392 c (80.4). \ . R. S. and E.' M. Leech (Oxford) sold six bales of Coopworth lambs’ wool for 400 c (81.5) and the same price (83.3) was received by P. R. and S. L Harris (Waiau) for 10 bales of crossbred lambs’ wool. >

J. R. Gilpin (Rakaia) sold four bales of crossbred for 398 c (83.3), J. G. and H. E. Gunn (Darfield) sold five bales of Coopworth lambs’ wool for 395 c (81.7), D. J. Butterick (Ashburton) sold six bales of the same description for 394 c (82.0); B. W. Woodman and Co.' (Nelson) eight bales of Perendale lambs for 387 c (79.7), a group lot of eight bales of fine crossbred from Wrightson N.M.A. made 384 c (80.4), J. W. and A. M. Fletcher .(Nelson) sold four bales bf crossbred for 384 c (85.5) and A. A. Baker (Picton) six bales of Romney for 381 c (80.2).. P. A. Acton-Adams (Kaikoura) sold six bales of Coopworth lambs’ wool for 380 c (86.0), J. C. and A. M. Bell (Walnut) five bales of Perendale cross’ for 377 c (79.9), Cape Farewell Farm, Ltd (Collingwood) six bales of extra fine crossbred for 376 c (82.3), R. J. Haley (Akaroa) five bales of Romney for 376 c (83.7), J. and P. Harper (Mayfield) 10 bales of Borderdale lambs’ wool for 376 c (79.5), Peckabok Farm (Eyreton) 15 bales of Coopworth for 376 c (77.5); M. C. Feary and Son (Oxford) eight, bales of Romney for 374 c (85.2) and S. M. Jenkins (Waiau) 18 bales of fine crossbred for 373 c (80.8). ’

The order of the sale was Pyne, Gould, Guinness 342 lots, 3996 bales; Wrightson N.M.A. 594 lots, 6895 bales; Dalgety Crown 505 lots, 4935 bales; totals 1441 lots, 15,826 bales. /

Prompt date is March 4.