Lower Prices At Start Of 1960-61 Wool Season

Press, Volume XCIX, Issue 29269, 29 July 1960, Page 16

Lower Prices At Start Of 1960-61 Wool Season

The 1959-69 wool-selling season opened yesterday at Wanganui with a winter sale of Wellington and Wanganui catalogues. Prices generally were several pence below opening 195859 rates. A direct comparison is not possible because the official range of prices this year is for the combined offering; last year's listed the Wanganui and the Wellington prices separately. A Press Association message says the Wellington wools had been valued in Wellington stores and were sold first The Wanga-

nui catalogue of 8881 bales followed. It comprised mainly crutchings and second-shear, with the usual oddments. The following report is Issued by the Wanganui Woolbrokers’ Association, in conjunction with the New Zealand Woolbuyers’ Association and the New Zealand Wool Commission:— Due to the favourable weather in the autumn and early winter, the offering compared favourably with that of previous winter sales. In the main crutchings were quite bulky and muddy condition was

not excessive, although, with the increased incidence of second shearing, there was a considerable weight of short crutchings. Range of Prices Following is the official range of prices:—

Crutchings Fine Crossbred. 46/90: Average to good 34| to 37 Average 31 to 34 Inferior 26 to 30 Crossbred. 44/48 — Good 39| to 42 Average to good 36 to 39 Average • * 31 to 35 Inferior 25 to 29 Second Crutchings: Good 31 to 33 Average 28 to 301 Inferior •• 25 to 27 Second Shear: Good 45 to Average 43 to *•1 Inferior 40 to