INVERCARGILL WOOL SALE

Greymouth Evening Star, 1 February 1934, Page 6

INVERCARGILL WOOL SALE

RANGE OF PRICES. [PEB PBESS ASSOCIATION.] INVERCARGILL, January 31. The first wool sale of the Invercargill series was held to-day, a catalogue of over 30,000 bales being offered to a full and representative bench of buyers, including Bradford, Continental and Japanese. In all. the halfbreds and fine crossbreds values obtained at the recent Christchurch sale were fully maintained. The medium crossbreds in the opening catalogue showed a slight easing of from par to Id per lb., while the very coarse grades of crossbred ewe were easier in some, cases to the extent of id per lb. As the sale advanced, however, the lower grades of crossbred wool, particularly, appeared to improve in value. Pieces, bellies and locks met with exceptional competition, and values were quite up to Christchurch parity, while crutchings exceeded, if anything, the values ruling there. Fully 95 per cent, of the first catalogue offered was sold by auction, and in most cases the vendors realised a 100 per cent, rise, and in some cases a 200 per cent, increase upon the prices they obtained for the same clips at the first- sale last year. An outstanding feature of the sale was the high values ruling for finer grades of pieces. Some ranged up to 17id, which, in a good many cases, exceeded the values obtaining for the fleece portions of the clip. The buyers’ views of the Southland clip have been most favourable. The range of prices was as follows: — Corriedale: Super merino 23d to 24« d; halfbred super 22d to 24d; medium 19d to 213 d; inferior 143 d to 17d; fine crossbred (48/50’s) super 18d to 20d; medium 15d to 173 d; inferior 13d to 143 d; medium crossbred (44/46’s) super 133 d to 15d, medium 10Jd to 123 d, inferior 9d to 10Jd: coarse crossbred (40/44’s) super 103 d to Had, average 9 to 10d, inferior 8d Hogget: Fine crossbred (48/50’s) super 153 d to 163 d, medium 14d to 151 d, inferior lid to 133 d, medium crossbred (44/46’s) super 143 d to 153 d, medium 123 d to 133 d, inferior Hid to 121 d; coarse crossbred (40/44) super loid to Hid, medium 9gd to 101 d, inferior 9d to 9ad. •' » Matted: Fine 123 d to 133 d, medium 9d to 93d, coarse 8d to 83d. Pieces: Halfbred 173 d to 18 2 d; first crossbred 123 d to 133 d; necks 15d to 173 - bellies, halfbred, 143 d to lo 2 d, crossbred 113 d to 12d; medium. Sid to 93d; crutchings, super 83d to 9' 4 d; medium 63d to 83d. Locks: o 2 d to The estimated' return from the sale is over half-a-million, the average price per bale being £l7. The passings amounted to about 2 per cent.; the average price per pound was 13d, compared with 5.34 d last year, when bales averaged £7/4/6, and the total amount realised was £175,600. WANGANUI’S CHEQUE. WANGANUI,. January 31. An amount of over half a million the proceeds from the recent Wanganui wool sale. The average price was £lB per bale, compared with £6 6/- last sterling will be paid out on Friday, as year. .. LONDON WOOL SALE. LONDON, January 31. At the wool sales, 10,429 bales were offered, including 6056 New Zealand, and about 7,135 sold. Continental competition was well sustained. Yorkshire was more reserved. Withdrawals of crossbreds were fairly numerous. All the better grades of merinos realised steady prices. New Zealand greasy merino chw. top 19d, average lGd.