INVERCARGILL WOOL SALE

Press, Volume XCIX, Issue 29138, 25 February 1960, Page 18

INVERCARGILL WOOL SALE

2i Per Cent Drop In Most Grades (New Zealand Press Association) INVERCARGILL, February 24. Although. fine crossbreds showed only a slight easing, the market generally was 2} per cent, cheaper, says the official report of the first day today of the Invercargill wool sale. Today 23,196 bales were sold. The remaining 23,800 bales will be offered on Friday. The clip opened up in good style and colour. The wools generally were longer than those offered in December, but a large proportion showed tenderness in the staple. A fairly large selection of lambs’ wool was offered but with the exception of a few well-picked lets the quality was only average to good. woolly hoggets, except for a few .choice lots, were not up to the standard of the last sale. Oddments were generally good. Continental Buying The bulk of the offering was taken up by the Continental trade, with a fairly large proportion of the remainder going to the United Kingdom. There was some interest in carpet types from the United States, while Japanese interests were mainly concerned with Southdown and down cross types. There was a decline of Id per lb on the prices obtained for comparable wool sold in Christchurch on Friday, and a bigger drop on the prices ruling at the first day of the Christchurch sale. Prices today were much better than those ruling at the February sale here last year, when, the average price was a little over 37d per lb. The average today was probably between 42d and 44d.

_ Range of Price* The official range of prices la:— Southdown, 58/60's— a. a. Super to 62 Good to super 56 to 59 Good 46 to 48} Average Extra Pine Crossbred, 40 to 41] 52’s. 50/56’s— Good to super 49} to 52 Good ., , • 47| to 49 Average to good 44 to 46} Average 40 to 43 Fine Crossbred, 50’s— Good to super 49 to 51 Good .. .. 46) to 48} Average to good 44) to 46 Average 40 to 42} Medium Crossbred, 48/ 50’*— Good to super 48 to 50} Good 46 to 47} Average to good 44 to 45} Average 39 to 42 Crossbred. 46/50’s— Good to super .. 47] to 50 Good .. ., 45) to 47 Average to good 43 to 45 Average 39 to 42 Strong Crossbred, 46/ 48’*— J Good to super 47 to 49 Good .. Average to good .. 45 42 to to ft Average 39 to 41 Hoggets Extra Fine Crossbred (Woolly), 52’s— Good to super 49) to 51 Good 48 to 49 Average to good 44 to 46) Average 41 to 43 Fine Crossbred (Woolly), 50’s— H Good to super ,$■’ 49 to 50) Good .. ' .. 46) to 48] Average to good 43 to 48} Average ., 39) to 41 Medium Crossbred (Woolly), 48/50’s— Good to super 48) to 51) Good .. ,, 46 to 48 Average to good 43) to 45 Average 41 to 45 Extra Fine Crossbred (Shorn), 50/52’s— Good to super 47) to 48 Good 45) to 47 Average to good 42 to 45 Fine Crossbred (shorn). 48/50’*— Good to super 47 to 59 Good ., ,, 45 to 46} Average to good 43 to 44} Lambs Fine Crossbred, 50’s— Good , • ,. 47 to 49 Average 44 to 46} Inferior 36 to 38 Medium Crossbred. 48/ 50's— Good 47 to 48} Average 43 to 46 Inferior , 35 to 38 Necks Fine Crossbred. 50/ 56’*— Good 46 to 47 Average 42 to 45 Crossbred, 50’s and 48/ 50’s— Good .. * .. 46) to 48 Average 44 to 46 Inferior 39 to 42 Pieces Fine Crossbred. 50’* and 50/56’s— Good 38} to 41 Average .. ., 36 to 38 Inferior and seedy 33 to 35 Crossbred. 46’s, 46/50’s— Good 39 to 42 Average .. .. 36) to 38} Inferior and seedy .. 34 to 36 Bellies Fine Crossbred. 50’s— Good .. .. 34 to 35} Average .. .. 32 to 33] Inferior .29 to 30} Crossbred,- 46/50’s— Good .. .. 34} to 36} Average 32 to 34 Inferior .. .. 29 to 31 Crutchlngs Crossbred. 46/48’s— Good 38} to 43 Average 34 to 37 Inferior and seedy .. 30 to 33 Locks Crossbred 46/50’s— Good 24 to 26 Average 20 to 23