INVERCARGILL WOOL SALES

Evening Star, Issue 20089, 1 February 1929, Page 15

INVERCARGILL WOOL SALES

PRICES EASE ALL ROUND [Per United Press Association.} INVERCARGILL, January 31. The first wool sale of the season was opened in Invercargill this evening, 25,000 bales being offered to a full bench of Home, Continental, and local buyers. The sale will be in progress at a late hour, and will be concluded tomorrow. As far as the sale had gone it was estimated that values, as compared with the Wanganui sale, ruled from par to 3 per cent. down. The wools were in keen demand, and best classes of cross-breds sold quite up to expectations, whilst poorer qualities of cross-breds and shabby sorts realised prices in many cases below owners’ ideas of values. The sale so far has been a sound one, without any special animation or extreme values. Halfbred showed a marked decline on the first sale of last year, while good sound cross-breds came up to within Id of values at the first sale last year, and a large percentage _of the offering was classed by buyers as tender and unsound. an.d on this account their valuations liad to be in keeping with quality. In the case of low quality cross-breds, mostly produced by aged ewes, vendors’ expectations were not realised; but the sale, taken all round, must be considered a very sound one, and shows a handsome return to the wool producers, although prices have not soared to the extreme values obtaining last year, when Southland had the advantage of peak prices. The passings were not infrequent, but it is expected that before buyers leave Invercargill the great bulk of the passed-in lots will be disposed of at the vendors’ requests. The following is a comparison between the prices ruling at this sale and those of the first sale last year;—

Class. • 1927. 1928. Half-bred-d. d. d. d. Super. 23 to 27 22 to 24 Medium ... 22 to 24 20 to 21* Inferior 19 to 21 17 to 18* Fine cross-bred-Super. 19 to 21 18* to 19* Medium ... 17 to 19 16 to 17* Inferior 15 to 161 14 to 15 Medium cross-bred— Super. ... 161 to 19 15* to 161 Medium ... 141 to 16* 13* to 15 Coarse 13* to 16 13 to 141 Coarse cross-bred — Super. ... 14 to 16 14* to 15* Medium ... 13* to 15 13* to 144 Inferior ... 12* to 14 13 to 13J Hoggets— Super. 18 to 20 IS to 19* Medium ... 16 to 18 16 to 17* Coarse It to 16 14 to 161 Pieces— Extra good 151 to 17* 15 to 16 1st cross-bred 13 to 15 14 to 15 2nd cross-bred 10 to 13 10 to 11* Bellies— 1st cross-bred 12 to 14 11 to 13 2nd cross-bred 11 to 12 10 to 11 Crutchings— 1st cross-bred 11 to 12 11 to 12 2nd cross-bred 54 to 8 6 to 8 Necks — First fine ... 15 to 16J 14 to 16 Seconds 13 to 16 11 to 12 Locks t to 9 7 lo 9