WOOL PRICES DOWN AGAIN

Press, Volume CVII, Issue 31515, 1 November 1967, Page 44

WOOL PRICES DOWN AGAIN

(NeiA Zealand Press Association) WANGANUI, October 31. The decline in wool prices continued at the Wanganui sale today.

Compared with the Wellington sale, realisations were from par to 24 per cent down on good style wools and fully 24 per cent on average and inferior wools. A catalogue of 17,141 bales was submitted to a full bench of buyers, the official report says, the offering comprising 63 per cent full fleece wools (mostly hogget), 12 per cent early shorn, 10 per cent crutchings and 15 per cent oddments. The bulk of the wool was of good colour, showing slight yolk stain with yolk and water-stained edges. A noticeable feature was that the bulk of the offering was of a coarser quality to that of wools offered in the equivalent sale last season. The main faults were short stapled wools, the wide mixture of staple length within bales, the inclusion of odd coarse-quality fleeces, as with those lacking style and density. There was a marked improvement in the percentage of well-prepared, reclassed, and partly-skirted lines, with corresponding realisation. All -buying interests were present, the competition being keen and at times animated. The Wool Commission was rarely called on to bid, only the occasional neglected lot being passed to it.

PRICE RANGE

Southdown, 58/60’s — c c Average to good 27 to 34 Average 19 to 24 Inferior 14 to 17 Fine Crossbred, 50/52’s— Good 21 to 224 Average to good 19* to 294 Average 18 to 19 Medium Crossbred, 48/50’s— Good 204 to 22 Average to good 19 to 20* Average 17* to 184 Crossbred, 46/50’s — Good 204 to 21* Average to good 18J to 20 Average 17 to 184 Coarse Crossbred, 46/48’8— Good 20 to 21 Average to good 184 t0194 Average is* to 18 Extra Fine Hogget (shorn), 52’s, 54/56’s— Good 24* to 264 Average to good 22 to 24 Average 19 to ■21* Fine Hogget (shorn). 50’s and 50/ 52’s— Good 21* to 23 Average to good 19f to 21 Average 174 to 19 Medium Hogget (shorn), 48/ 50’s— Good 204 to 22 Average to good 19 to 20 Average 17 to 184 Second Shear, 48/ 50’s— Good 23 to 24 Average to good 21 to 224 Average 19 to 20* Second Shear, 46/ 50’s— Good 224 to 24 Average to good 20* to 22 Necks Extra Fine Crossbred, 50/56’s— Average ........ .... 16 to 19 Pieces Pieces, 48/50’s — Good to average 144 to 16 Average 121 to 14 Inferior 10* to 12 Pieces, 46/50’s —• Good to average 13 to 15 Average 11* to 12* Bellies Medium Crossbred. 48/50’s— Good . to average 12* to 134 Average 10 to 12 Crossbred, 44/48’s — Average to good 16 to 174 Average 13 to 154 Inferior 10 to 12 Locks Crossbred, 46/50’s — Average 7 to 9