THE WOOL MARKET

Dominion, Volume 30, Issue 113, 6 February 1937, Page 9

THE WOOL MARKET

First Invercargill Sale RECORD PRICE SET FOR CRUTCHINGS Pronounced Bradford Activity By Telegraph—Press Association. Invercargill, February 5. Values fully up to those realised at northern centres were obtained at the first Invercargill wool sale, which was concluded this evening. There was a full bench of buyers and competition was keen throughout the sale, and was sometimes animated. It was estimated that the return would average easily 16d. a pound, and between £2l and £22 a bale. The average price a pound last February was 8.76 d., and the price a bale about £ll 10/-. Top price for the sale was secured by Andrews and Darricott, of Eyre Creek, on whose account six bales of fine Corriedale ewe wool was sold at 25Jd. A New Zealand record price was set for crutchings, a bin of super line bringing 19Jd. It should be explained that crutchings are not part of the woollen trade; they are bought for the carpet business. Bradford took a high percentage of the offering, specialising in crossbreds and half bred?, and Japan was in the market to some extent, but it was difficult to assess the quantity lifted. Some lines of long, strong and sound hoggets realised about 20d„ and some round about 21d. Bellies and pieces were bought eagerly, and locks were in keen demand. Complimentary reference to the Southland clip was made by buyers. Following is the range of prices, those for the first sale last year also being given :— 1937. 193fi.

d. d. d. <1. Corriedalc— Extra super to 251 —. Super ■ to 24 i to 171 Medium 21 to 13 to b'i Fine halfbred— Extra super .... to 235 — Super 21 to • >•> 151 — Medium rJi to 20} to 16} Medium halfbred— Extra super .... to 20-1 — Super to 194 13} to Hi Average Jo to lil —— Extra fine crossbredSuper 18* to — Average 10} to 171 — Inferior 15 to 16 — Fine crossbred — Super 104 to IS} 11 to 13 .Average 14} to 16} 10 to 11 Inferior 12} to 14 9 to 10 Coarse crossbred— Super 16 to 19* — Average 144 to l.v- — Inferior ........ 131 to 14 'I — Pieces— 10’ Good 16 to 171 li v to Medium 14 to 10} to Inferior 10 to 14 54 to 6} Bellies— Good to super — 13 to lo S to ‘ • Inferior to average It to 12} 0 to Crutchings— Super 144 to I'.H —- Medium to good • 12 to 13$ to 9 Inferior to average Si to 114 5 to <>.• Best SI to 101 5 to Inferior to medium Ut to si 4 to