INVERCARGILL WOOL SALE

Poverty Bay Herald, Volume LV, Issue 16866, 1 February 1929, Page 9

INVERCARGILL WOOL SALE

DOWNWARD TENDENCY MANY CLIPS TENDER (Per Press Association.) IXVEHCA KG ILL, last night. Tlic Jirst wool sale of the season was opened in Invercargill this evening, 23,000 hales being offered to a full bench of Home, Continental and local buyers. The sale was still in progress at it late hour, and will be concluded to-morrow. As far as tin 1 sale had gone, it was estimated that values, as compared with the Wanganui stile, ruled from par to A per cent. down. Pine wools were in keen demand, and best classes of crossbred sold quite up to expectations, whilst poorer qualities of crossbreds and shabby sorts realised prices in many cases below owners’ ideas of values. The sale, so far, hits been a sound one, without tiny special animation or extreme values. Halfbreds showed a marked decline on the first sale of last year. Hood sound crossbreds came tij) to within a penny of the values at the first stile last year. A large percentage of the offering was classed by buyers as tender and unsound, and on litis account their valuations had to be in keeping with the quality. In the ease of low quality crossbreds, mostly produced bv aged ewes, vendors’ expectations were not realised, but the sale, taken all round, must be considered a very sound one, and shows a handsome return to the wool producers, although j trices have not soared to the extreme values obtaining last year, when Southland had the advantage of the peak prices. Passings were not infrequent, but it is expected that before the buyers leave Invercargill the great bulk of the passed-in lots will be disposed of at the vendors’ requests. range of prices Half-bred.—Super, 22d to 24d ium, 20d to 211(1; interior, I7d to 18 Cl. Fine crossbred. —Super. 1841 to 10,',d; medium, Hid to 17Jd; inferior 1-lil to lad. Medium crossbred.—Super, lojd to 1(541; medium, lojd to 15d; course, Lid to 141,d. Crossbred. —Super, 14L1 to lojd; medium, 13Id to 1441; inferior, 13d to 1341.

Hoggets. —-Super, 18d to 1041; medium, Hid to 1741; coarse, lod to 1041. Pieces. —Extra good, lod to lfid; first crossbred, 14d to lod; second crossbred, 10d to 11-id. Bellies. —First crossbred, 11<1 to Lid; second crossbred, lOd to lid. Orut,chings.—First crossbred lid to 12d; second crossbred, (id to Bd. Necks. —First, fine ltd to 10d; seconds, lid lo 12d. Locks.—7d to !>d.

The New Zealand Loan and Mercantile Agency Co., is in receipt of the billowing cable message horn its London bouse under date ot .January 30. read f 111 r; "Tile wool sales closed with a faiilv firm tone today. As compared with last sales’ closing rates, prices were lower by about par to 0 per cent, lor

merino and crossbred lambs, greasy merino super, crossbred slipe, scoured merino, medium and scoured crossbred : others are 5 per cent, lower. The prices realised for average to super grades of descriptions its below were ns follow: Crossbred, 56/58's 23d to 26d. 50/60’s 2041 to 23d. 48/£o’s 19d to 2041, 46/48’s 1741 to I9d, 44 46’s 16d to 1741. 40/44’s 1541 to 17.1, 36 ; 40’s 15d to .1641.” SYDNEY WOOL SALES (Eloc. Tel. Copyright—United Press Assn.l SYDNEY, Jan. 31. At tiie wool sales, 12,142 bales were sold. The market showed no change. All faulty and dusty wools were irregular ami were difficult to quit, (ireasv merino sold to 264 b