WOOL PRICES

Dominion, Volume 31, Issue 142, 12 March 1938, Page 12

WOOL PRICES

Values Show Advance At Invercargill COARSER GRADES IN DEMAND Continent And Bradford Active B.v Telegraph—Press Association. Invercargill, March 11. The coarser grades of crossbred 'tool at the second Invercargill sale of tlie season to-day were about >ld. a It', dearer than at the first luverea.gill sale at the beginning ef February The market was firmer than at the Timartt sale last Monday ami values appreciated by from par to ,{d. on that fixture. The Southland wools were comparable with those at Napier and there was an improvement of a full pennv on the Napier sale of February 21. Hogget wools of super grades showed no improvement and were bought al about 4d. a pound nelow Febnmry values. There was a demand all through for the coarser grades, which rose in value disproportionately to finer sorts. It is considered the finer grades will not be In much demand until the international situation is more settled. The average price a pound :u today’s sale is estimated at 10-Jd.. or approximately £l3/15/- a bale. conr..iie<l with 9.875 d. a pound and £l3/I's a bale at the first sale at Invercargill. The Continent was active in th, bid ding, with Germany taking a lull share. Bradford took a larger pr'portion than usual. Japan was it, the market for certain lines and America took a few choice lots. A small quantity of the offering was taken by New Zealand mills.. THE RANGE OF PRICES Following is the range uf prices riaused to-day. compared witli tlie previous I-,ver-

cargill sale:— [E'ldl. 4. Marell 11. d d Corriedale- - Extra super .... to itr; - Super 12] to 14 Medium It).', to 124 lil : ; to 124 llalfbred— Extra super ... to 1ii» to i !•; Super 12| to 13] 12.1 t<> 13; MediumHl! to 12) 91 to 12 Fine crossbred— 1 n pe r to It to 11 Medium to 12 to; 1 to 12 Inferior .. .... 9.1 to HI} 91 to 10J .Medium crossbred - Super to 12 Medium 11) to lt. : } 111} to 11 Inferior 9 ,lo Hi 9 to IP Coarse crossbred— Super to 12’, to 13 Medium 94 to It;. 1 10 ir 11 Inferior sj to [ S’ to Hl First cutted to 9' 1 to • 1 Cot ted tn 8! -J> Crossbred liuggeC - 12 tn 13 I IIJ L: li? Medium .. 191 to 11 HI! to 11} Inferior ....... yj to io. I SA to w llalfbred to 12 f. 11 Crossbred (> to ir i 6 to 19 Necks 8 to lit ; s; to Hi Bellies— ■ llalfbred SI to 9 : ; S: to 91 Crossbred 7- to 8.; I !»’. to SACru tellings— x Super crossbred SV to Id;' Medium , 6; to 8; . •»'{• I«• ■> t Locks ... *» tO 6 •■>.7 t'» b