Wool Market Easier
(N.Z. Press Association) INVERCARGILL, Oct. 22. The market at the first main Invercargill wool sale today was officially quoted as being 24 per cent easier than last week’s Timaru sale for fine and medium crossbred fleece, and in buyers’ favour for coarse and strong crossbred fleece. It was 2i per cent to 5 per cent cheaper for crossbred hoggets, and fully 2) per cent cheaper for skirtings and oddments. Wool offered on account of the Wool Commission sold at rates comparable with the
new season’s clip. Its scoured wool also met a steady demand. The offering was 29,358 bales, 10,048 being on account of the commission. The new season’s offering was made up of 32 per cent fleece wool, 28 per cent woolly hogget, 10 per cent shorn hogget, and the balance usual oddments.
I Fleece wool generally did ■ not open up as well as was expected, the report said. I Much was affected by dust, • hay and mud. The main competition came ( from the Continent with sup- : port from Eastern Europe : and the United States. Brad- : ford bought sparingly on i types suitable for its requirements.
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Bibliographic details
Press, Volume CIX, Issue 32126, 23 October 1969, Page 30
Word Count
190Wool Market Easier Press, Volume CIX, Issue 32126, 23 October 1969, Page 30
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