Wool Prices at Invercargill

Manawatu Times, Volume 60, Issue 53, 5 March 1935, Page 7

Wool Prices at Invercargill

Only Slight Easing On February Values

BIDDING GENERALLY KEEN AND ANIMATED

Per Press Association. •INVERCARGILL, Last Night. Wool prices having shown a downward tendency since the first sale of the Invercargill series on February 1, it was anticipated by those most interested that the values ruling at the second auction, which was held in the Civic Theatre this evening, would be reduced in , comparison. There was, however, in the main only a slight easing upon February prices obtained here, while in some grades prices were actually better. To-night’s offering totalled 15,954 bales. Brokers and growers alike seemed fairly well satisfied with the market strength, and though some growers withheld their clips in anticipation of a general improvement next season, there were several instances where the prices realised were actually better than the reserve placed upon the wool. Even in tho opening stages of’the auction the bidding was generally keen and animated, and some idea of the demand may be gauged from the fact that there were only approximately 150 passings in tho first catalogue of 1524 bales. As the sale progressed, values showed very little change from those ruling at the start, and while coarser wools attracted the greatest amount of attention, spirited bidding was registered for some of the finer wools.

Top price was 101 d, obtained for two different lots. Bradford lifted the major portion of the offering. The Continent and Japan secured a few linos, while local mills obtained their quota.

Range of Values. The range of prices : is as follows:— Feb., 1935. Mar., 1935. d. d. d. d. Corriedalc — Super . , . Halfbred —• 14 to 14:1 94 to lOi Super . . . 114 to 13 10 to 101Medium . . 94 to 11 Si to lOi Inferior . . S to 91 8 to 81 Fine crossbred. 48-50’s-Super . . . Si to 9i Si to 9-4 Medium . . 7 to 8 7 to s Inferior . . Si to 9 6J to 7 Medium crossbred, - 44-46’s— Super . . . 7 to 7-i 7 to 7i Medium . . 61 .to 7 61 to 7 Inferior . . 5 to 6 Coarse crossbred, 4.0-44 ’s— Super . . . 6 to 6£ 6 to 61 Average . . 5J t.0 6 5i to 6 Inferior . . Matted — 5 to 54 5 to 54 Fine .... 5i to 6i 5 to 51 Medium. . . Hogget41 to 5 44 to 5 Fine crossbred. , 48-50’ s: Super . . . 91 to 101 94 to 10 i Medium . . S to 9 S to 9 Inferior . . 7 to S 7 to 8 Medium crossbred, 44-46’s: Super . . . 74 to S4 74 to 84 Medium . , 7 to 71 7 to 74 Inferior , . 6i to 61 5i to 64 Coarse crossbred, 40-44’s: Super . . . (i to 7 6 to 74 Medium . . 5i to f> 54 to 6i Inferior , . Pieces— 5 to 5A 5 to 51. Halfbred . . S4 to 101 7i to 84 First x’brcd 5i to 025i to Ci Necks—• Bodies— 54 to 74 5 £ to 6i Halfbred . . 7 to 8 54 to 7 Crossbred 4i to 5 44 to 5i Medium . . Crutchings— 34 to 4{ 4 to 4:1 Sup. x’brod 5i to () 54 to 5.1 Med. x’bred Locks — 44 to 5 A 5 to 5i Crossbred Si to 3J 3 io 3:1