WOOL VALUES

Otago Daily Times, Issue 23108, 6 February 1937, Page 14

WOOL VALUES

MAINTAINED IN SOUTHLAND BRADFORD OPERATES FREELY RECORD PRICE FOR CRUTCHINGS (Per United Press Association) INVERCARGILL, Feb. 5. Values fully up to those realised at the northern centres were obtained at the first Invercargill wool sale, which was concluded this evening. There was a full bench of buyers, and competition was keen throughout the sale and was sometimes animated. It was estimated that the return would average easily 16d per lb and between £2l and £22 per bale. The average price per lb last February was 8.76 d and the price per bale about £ll 10s. The top price for the sale was secured by Messrs Andrews and Darricott of Eyre Creek, on whose account six bales of fine Corriedale ewe wool was sold at 253 d. A New Zealand record price was set for crutchings. a bin of super line bringing 193 d. It should be explained that crutchings are not part of the woollen goods trade They are bought for the carpet business. Bradford took a high percentage ot the offerings, specialising in crossbreds and halfbreds, and Japan was in the market to some extent, but it was diflicut to assess the quantity lifted. Some lines of long, strong and sound hoggets realised about 20d and some round about 21d. Bellies and pieces were bought eagerly, and locks were in keen demand. Complimentary reference to the Southland clip was made by the buyers. The following is the range of prices, those for the first sale last year also being given:— „„„„ 1937. 1936.

d. d. d. d. Corriedale — Extra super — to 25.? — Super .. 23 to 241 162 to 171 Medium 21 to 222 13 to 15.2 Fine halfbred— Extra super — to 23,? — Super .. 21 to 22 — Medium 191 to 20.1 152 to 16i Medium halfbred— Extra super — to 201 — Super 17.2 to 19* 13.2 to 144 Average 15 to 17| — Extra fine crossbred — Super .. 184 to 19V — Average 16i to n\ — Inferior 15 to 16 — Fine crossbred— Super .. 16i to 182 11 to 13 Average 14i to 16| 10 to 11 Inferior 12i to 14 9 too 10 Coarse crossbred — Super .. 16 to 194 — Average 141 to 152 — Inferior 132 to 142 — Pieces — Good .. .. 16 to 174 9£ to 102 Medium 14 to 15§ 6 • to 71 Inferior 10 to 14 51 to 6J Bellies — Good to super 13 to 152 8 to 9 Inferior to average .. 11 to 124 6 to 7 Crutchings— Super .. 14i to 192 — Medium to good .. 12 to 13J 7 to 9 Inferior to average .. 8J to 115 5 to 61 Locks— Best .. 84. to 101 5 to 51 Inferior to medium .. 62 to 82 — Medium 6.2 to 8! 4 to 5