WOOL SALE AT INVERCARGILL

Press, Volume XCI, Issue 27592, 24 February 1955, Page 14

WOOL SALE AT INVERCARGILL

CROSSBRED REACHES NEW LEVEL

KEEN COMPETITION ON SECOND DAY

(New Zealand Press Association)

INVERCARGILL, Feb. 23. Farmers who had wool offered on the second and final day of the Invercargill double wool sale today had reason to be highly satisfied with prices. Crossbred wool reached a new level for the present seaspn, and prices generally advanced by about 21 per cent. Over-all, the sale was an excellent one, with prices up considerably on the corresponding sale last season.

The wool opened up in good condition similar to that of the first day. Competition was steady and widespread, the Continent being the chief buyer. Bradford buyers, operating on extended limits, challenged strongly, while United States and Japanese interests as well as New Zealand mills were keen to obtain wools suitable for their own requirements. About 23,000 bales were offered by.four firms, the top price of 78Jd being paid for 23 bales of super Southdown wool. Top price for farmers’ classed wool was 68d, paid for five bales of hogget wool. Repercussions from the recent strike in England have created shipping difficulties. To assist in meeting the situation in this centre, an extended prompt date has been fixed for March 25. This applies to both days of the sale.

Range of Prices I The range of prices was as follows:— d. d. Southdown, 58/60’s— Super 74 to 78 Good 58 to 61 Average 50 to 54 Extra Fine \ Crossbred, 5250/56’1— Super 63 to 65 G005I to super 60 to 62 Average to good .. 54 to 57 Fine Crossbred, •’&— Super .. •• 62 to 64 Good to super .. 59 to 61 Good 56 to 58 Average to good . ■ 52 to 55 Medium Crossbred, 48/50’s — Super 62 to 64 Good to super 58 to 60 Good .. 55 to 57 Average to good • ■ 51 to 54 Strong Crossbred, 46/48’s— Super • .. * 60 to 62 Good to super 57 to 59 Good 54 to 56 Average to good ■. 51 to 53 Extra Fine Crossbred Hogget (woolly), 52’s— Super 64 to 67 Good to super 60 to 62 Good 58 to 60 Average to good .. 54 to 57 Fine Crossbred Hogget, (woolly), 50-48/50’6— Super .. .. •• 62 to 65 Good to super 60 to 62 Good 58 to 60 Average to good .. 55 to 57 Average .. 52 to 54 Hecks Fine Crossbred, 50/56’s— Good to super 57 to 61 Average .. , 53 to 56 Crossbred, 50 and 48/50 a— Good to super .. 54 to 56 Average 48 to 52 Inferior 44 to 46 Pieces Fine Crossbred, 50 and 50/56’sGood 48 to 51 Average ,46 to 48 Inferior and seedy 40 to 45 Crossbred, 46/50’s — Good • • . • • • • 47 J to 49 Average 45 to 47 Inferior and seedy 36 to 42 Bellies Fine Crossbred, 50’s— Good 43\ to 45 Average .. • • 40 to 42 Crossbred, 46/50’s— Good • • • • • • 42 to 43j Average 37 to 41 Crutchings Crossbred, 44/48's — Good • • . •• 48 to 51 Average 42 to 45 Inferior and seedy 34 to 40 Locks Crossbred, 46/50’s — Average to good 26 to 31