BEST FOR YEARS.

Auckland Star, Volume LXV, Issue 27, 1 February 1934, Page 11

BEST FOR YEARS.

BRIGHT WOOL SALE.

PRICES AT INVERCARGILL

AVERAGE OF €15 PER BALE.

(By Telegraph.'—Press Association.)

INVERCARGILL, Wednesday.

The best sale for many years, and one of the most satisfactory held in liivereargill, considering the size of the offering, was the verdict at the conclusion of to-day's wool sale.

For all halfbrals and flue crossbreds the values obtained at the recent Christchurch sale were fully maintained. Medium crossbreds in the opening catalogue showed a slight easing from par to : ]d per )b, while coarse grades of crossbred ewe were easier, in some cases to the extent of id a lb. As the sale advanced, however, lower grades of crossbred wool particularly appeared to improve in value. Pieces, bellies and locks met with exceptional competition and values were quite up to those made at Christchurch, while erutehings exceeded if anything the values ruling there.

Fully 95 per cent of the first catalogue offered was sold by auction, and in most caees vendors realised a 100 per cent rise and in some eases a 200 per cent increase upon the prices they obtained for the same clips at the first sale last year.

An outstanding feature of the sale was the high values ruling for the finer grades of pieces. Some ranged up to ITJd, which in a good many eases exceeded the values obtaining for the fleece portions of the clip.

Largely as a result of strong Continental competition, with occasional bursts of interest by Bradford representatives, over 9o per cent of the entire catalogue was disposed of under the hammer, passings being infrequent. The general quality of the clip warfavourably commented on, and it was evident that the finest wools attracted wide interest from buyers. A year ago farmers had to be satisfied with an average of £6 to £7 a bale, but it is estimated that to-day's average will work out at £!•> at least, and this means a return of between £450.000 and £500.000. Practically the whole of the offering was sold under the hammer, and the range of price* shows an increase of from 100 per cent to 200 per cent over the prices ruling a year ago. The range of prices was as follows:— Corripdnle— d d Super 23 to 2JJ Merino 23 to 24? Half bredSuper 22 to 24 Modiiim 10 to 2U Inferior 141 to 17 Fine Crossbred, 48-oO's— Super 18 to 20 Medium 13 to 171 Inferior 13 to 14J Medium Crossbred, 44-46's — Kuper 1?>1 to 15 Medium 10J to 12} Inferior 9 to 10t Coarse Crossbred, 40-44's— Super 10] to ltl Avcrace f) to 10 Inferior 8 to j> HoKget— Fine CrOßsbred, 4S-00's— Super 153 to ICI Medium 14 to 151 Inferior ; 11 to 13J Medium Crossbred. 44-40's— .Super 141 to 15J Medium 135 to 13i Inferior 11J to 12J Coarse Crossbred, 40-44's— Super 10J to Hi Medium OJ to 101 Inferior i> to 0J Matted— Flue ....■ 12} to 13} Medium 0 to 9i Coarse 8 to 85 Pieces— Halfbred 17J to 185 Klrst crossbred 12i to 13J Kecks 15 to 17| Bellies — HiUfbral 141 to 151 Crossbred 11l to 12 Medium crossbred .... 8} to yjCrutchlngs— Super .-....,.. 81 to 9 J Medium .... OJ to 81 Locks 0i to 73 ODDMENTS DISPOSED OF. RECENT VALUES MAINTAINED. (By Telegraph.—Own Correspondent.) GISBORNE, Wednesday. A further wool oddnient and sheepskin sale was held in Gisborne to-day and a good auction resulted. The offering totalled 1110 bales, one of the largest catalogues at a local oddnient sale for some time. Also included in the fixture were 5707 shecpekins and 352 hides.

Values of wool were on a par with those of recent similar sales held in New Zealand and better than the last oddment sale held in Gisborne more than a month ago. Included in the offering was a small quantity of fleece wool. One lot of Southdown fleece went up to 18d. Skins also sold very well, with values on a par with those ruling recently in other parts. OVER HALF A MILLION. WANGANUI SALE CHEQUE. (By Telegraph.—Press Association.> WANGANUI, Wednesday. A sum' of over £500,000 will be paid out on Friday as the proceeds from the recent Wanganui wool sale. The average price was £18 a bale, compared with £G 6/ last year.