INVERCARGILL WOOL SALES

Evening Star, Issue 18852, 29 January 1925, Page 10

INVERCARGILL WOOL SALES

BIG BENCH OF BUYERS. SATISFACTORY PRICES. [l*kr United Press Association,] INVERCARGILL, January 28. The Hint, wool sale of the season in Invercargill was iii'li! to-day, starling at 9 a.m. and ending ,u 10 p.m. The olh-iiil report stales; "The sale esiahlit-bed. uvo records —wz.. iho hugest bench of buyers, that has yet. attended and the highest prices ever realised at a Mouthland sale. The New Zealand offering? are now regulated 1 by (he Woo! Committee in Wellington. Dio high’ prices niling. Hie (liUiculiies of financing ihe greatly-increased aggregate value of the, clip, the exchange problem, and ihn greater rush for the. New /.caia tut sides had inevitably it If cried the capaeities of buyers ami bankers readily to absorb and handle the offerings. To ease ihe position the. Wool Coiumiiteo very wisely ic-UMcted the offerings at each centre, and the volume of business being epic acl over n longer period allows the trade more time to absorb the, year's clip. So far as Invercargill is concerned, a substantial quantity has been car tied over for the next sale on March 5, and buyers and brokers alike view the future prospects as quae sound. "The quaiitilirs available again attracted a full bench of buyers. .Opinions regarding the condition of the offerings vary greatly, bin, generally speaking, high country wool opened up as well as was expected after such a line, open winter, so greatly different from tho mini winter of 192 Y Low country wools in many lolis showed the effects of the short turnip crop, followed by a, long, dry, dusty summer. Then, again, the demands of the fai, lamb buyer had an effect on the ewe flocks. A great. improvement, in this respect will soon be manifested in high prices for young owes, and the extreme prices for wool must. rcsiiU, in fanners keeping more of (heir best, ewo lambs. lit years gone by Southland ImggoU showing a dash of Lincoln and Bonier Leicester, with a, lengthy lustrous shape, were nutcli sought after, ami buyers now greatly dcploto Ihe absence of this class of wool. The increased popularity of the Now Zealand sales, resulting in larger offerings at each centre, places a heavy strain on the buyers’ time.. Gradually small lots under six bales must, ho grouped in bins. Slar iols r an no longer bo offered by small growers. This means boiler price, the small parcel receiving added, competition when included in a largo shipping parcel. “ There is no disguising the fact that values generally have been declining since (ho sensational sales held at the opening of the series, At the Dunedin saloon Jaunarv 21 brokers reported a drop in prices of from I'd to 2ld on (heir preceding December sale. ,At. to-day's sale hovers' limits; were, fltri-lior reduced by an average of ;> per cep;,., and even then quile a number of operator* worn unable to -participate.'’ The, following is the range of prices, showing a, comparison between the sales of March.. 192 U ami January, 1925.--

March. January. d. d. d. d, Merino medium ... to 27 2/ to 28 Half-bred super ... 28 to 50 Medium 231 to 27] 26 to 2/ Inferior 20 to 241 234 to 23 Tlirec-q«artcr-brod super -- — Medium ... 19:1 to 22 20 to 224 Inferior ... 184. to 19| 171 to 194 Fine, cross-bred super 27| to 28] Medium ... — 23] to 244 ‘Medium cioss-hrcd super Med uu n 20 to 24 J 254 to 234 17 to 191 204 to 22 4 Inferior 14 to 16:4 18 to 19| Coarse cross-bred super 13 to 194 194 to 214 Medium 1SJ to 17* 18 to 194 Inferior ... 15 to 14 144 to 17.-; Cross-bred hogget super Medium ... — 25 to 28} ... IS] to 21 20 to 211 Inferior 15J to 18] 17 to 1S1 Cross-bred wether super Medium .... ... ... — 21 to 20j to 24-4 Pieces —bal [-bred ... 2U to 224 to 251 First cross-bred 194 to 204 19 to 234 Second cross-bred IFj to 181 144 to 1«4 Inferior 111 to 124 121 to 104 Hedies - First cross-bred ... 16 to 18 16 to 21 Second cross-bred ... 14 to 15-| 1U to 151 Inferior ... 114 to 13 J 11 to 18-4 Cru tellings— to 134 First cross-bred 12 to 14 Second cross-bred ... 9i to 11 10 to 11 IjOCltfi ... 81 to 12 84 to 94 Flocks — 21 First cross-bred ... — to 22 Second cross-bred ... — 15 to 17