WOOL KEEPS UP.

Pahiatua Herald, Volume XLIII, Issue 13171, 1 February 1936, Page 5

WOOL KEEPS UP.

INVERCARGILL SALES.

PASSINGS NEGLIGIBLE. Electric Telegraph—Press Association INVERCARGILL, Last Night. High expectations were held of the first InveicargiU wool sale and they were fully realised. The anticipations of an improvement in sympathy with tkjteit of the London sales were justibut the values for all better class wools gave every reason for the fullest satisfaction. The sale was brisk from the first offering to the last and the limits were elastic for fine wools, although they were well defined for crossbreds. Lines of fine wqol were higher than at the first Invercargill sale last year by 2d to 4d per pound, coaser wool's, which, of course, make up much the greatest proportion of Southland catalogues, by l£d to 3d, bellies by Id to 2d. fine pieces by as much as 4d to od, crutchings by an average of 3d, and locks by 2d. The passings could be discounted, comprising. at the most, three or four Per cent, of the catalogue. Top price for the sale. was paid lor a line of nine bales of Corriedale hogget wool. The bench of buyers was a full one, every wool-consuming country being represented. Probably the keenest competition came from "the Continent and Japan, the Continent, particularly France, showed great interest in fine wools and good pieces, and Japan operated consistently throughout the sale, although the bidding from this quarter did not exceed definite limits. Bradford came in heavily, its representatives operating steadily for suitable types. These benches were not prominent at earlier sales this year, but have taken a very active interest at more recent fixtures. Presumably their early comparative inactivity was due to an expectation that prices would go back to their former levels. America was well represented, her buyers going in lor stylish 48-50 lines, and German firms, toe, bought fairly steadily. Generally it was noticeable that the Continental and Japanese buyers were very keen .in their bidding for fine wools and that Bradford was just as keen for coarser wools. It was a buoyant market right through, bidding being very bright indeed. Penny rises were not infrequent, putting an encouraging apperance alter an absence of some years.

THE RANGE OF PRICES. The official range of prices follows :— Mori no— d. d. Medium .. 14 1.1} Interior 12 to 131 Come dale— Super .. 163 to 1 7} Medium Inferior .. 13 to In} .. Ill to 13 r me Halfbred— Medium .. To 3 to 164 Inferior .. 12 to 1-5 Medium Halfbred— Super .. 13* to 111 Medium 12 to 131 Inferior 10 to 12 Fine Crossbred— Super .. 11 to 1.3 Medium 10 to 11 Medium io to 11 Inferior 9 to 10 Medium ('res >bred Super V to 10i Medium 8i to 94 Inferior 7 ,Q Pieces— Super .. 131 to 141 Good 91 to 103 Medium 6 to 7 h Inferior 51 6+ Cell ies— Good 8 to 9 Inferior to Cocks— Best to 54 Inferior to medium . 4 to 5