TOP PRICE 54½d AT WOOL SALE AT INVERCARGILL

Greymouth Evening Star, 26 February 1949, Page 2

TOP PRICE 54½d AT WOOL SALE AT INVERCARGILL

(P.A.) INVERCARGILL, Feb. 25, Although the wool was not quite up to the standard of the January sale, and prices were slightly easier, there was an attractive offering at the third wool sale of the season held in the Civic Theatre, Invercargill, today, before a full bench of buyers. Thirty-thousand bales of the hew season’s greasy wool and a few lines of slipes were offered, the top price of the day being 54|d a pound, paid for a bin lot of an extra-super line of Southdown offered by the Southland Farmers’ Co-op. It was an outstanding line of Southdown which is in keen demand for Italian orders for the hosiery trade. Early in the sale 52id was paid for a lot offered by the National Mortgage and Agency Company, Ltd. Fine and medium crossbreds showed considerable easing, _ but coarse crossbreds sold well considering the decrease in price. Hogget wools were not as attractive as the January offering. They were inclined, to be dusty, showed a fair proportion of tenderness, and were well back on the January sale. All oddments sold particularly well, in some cases only a penny or two below the fleece wool prices.