FARTHING RISE

Poverty Bay Herald, Volume LXVI, Issue 19886, 13 March 1939, Page 13

FARTHING RISE

- INVERCARGILL WOOL SALE i » I FEBRUARY COMPARISON STRONG COMPETITION COMPLETE CLEARANCE (Por Press Association.) INVERCARGILL, this day. Prices showing an improvement on those obtained at the first Invercargill wool sale in February were paid at the second sale on Saturday. Good crossbred ewe wools were slightly firmer and crossbred hogget wools were id to Id deaTS'r all round. The sale was better by id per lb. It is estimated that the average price will work out at about 9Ad per lb and £l2 15s a bale, compared with 9.1 d per lb and £l2 7s a bale at the February sale. Based on this estimate, the value of the wool sold is £342,540. The sale was animated throughout and practically a. full clearance was effected. The competition was marked by intense and active interest from all sections. The top price was 13Jd, which was paid for a line of super halfbred. Although the general rise was Jd, super hoggets gained fully Id and, in some cases, more. Japanese competition for crossbred hogget wools was good . Bradford, as at the northern sales, was very active and the local mills took all their requirements. Woolbrokcrs' Report The official report states that at the second Invercargilll wool sale a total of 26,866 bales was offered. There was keen competition by all sections of the trade and the passings were negligible. A quantity less than h per cent of the offering was passed, and, as this was sold later by private treaty, a full clearance was- effected. On the general average, the sale was about \d per lb better than the February sale. Bellies, pieces and crutchings were inclined to be .slightly easier. Good crossbred •ewe wools were slightly firmer and crossbred hogget wools were Id to Id per lb better. The wool opened up in very good condition and, with the exception of a few super lines which are always offered at the first sale, the condition all round was superior to that of the February offering. The brokers' values -were fully realised and, in many instances, exceeded . Germany was a strong buyer of fine crossbreds suitable for her requirements.

Range of Prices The following is the range of prices: Merino — d d Average lOi to 103 Corriedale — Super 124 to 13J Average 11 to 123 Southdown — Average 9J to 101. Ha lib red, 50/56’s— Super 11J to 121 Average 103 to 11.1 Inferior ioi to 104 Extra fine crossbred, 48/50’s — Super .. 103 to 114 Average 10 to 104 Inferior 94 to 93 Fine crossbred, 4G/48’s~Super 103 to 113 Average 93 to 104 Inferior 9 to 94 Medium; crossbred, 44/46's — Super 101 to 11 Average 94 to 10 Inferior 9 to 94 Coarse crossibred, 40/44’ s— Average 9 to 93 Inferior 81 to 83 Hoggets— 5-0/56’s. to 12 48/50’s 103 to 113 46/48’s .. . . 101 to 111 44/40’s 10 to 104 Necks — Fine to 111 Crossbred 9 to 10 Crossbred 1 pieces— Good to super .. 8?, to 91 Average 74 to 83 Crossbred bellies— Good to super .. 8 to 84 Average 7.1 to 73 Crutchingst— Medium to good 63 to 8.1 Inferior & seedy 51 to 61 Locks — Crossbred; 3 to 53