HIGHER WOOL VALUES

Stratford Evening Post, Volume I, Issue 79, 12 March 1931, Page 7

HIGHER WOOL VALUES

THE INVERCARGILL SALE VERY KEEN COMPETITION. INVERCARGILL, March 11. The second Invercargill wool .sale was licld to-night when a, catalogue .of .1 (>,OOO bales was offered to spirited competition from , all sections. The sale was an exceedingly brisk one, best quality wools showing a rise of 3d com. pared with the first sale at the end of January. Passings were infinitesimal. Competition was well distributed but it was soon apparent that Japan was exercising a dominating influence and secured a fair amount of the wools suitable to her requirements. The Continent secured a fair proportion of the fleece wools but Bradford appeared to be in the market and bought steadily. France competed keenly for bellies and particularly for pieces. Local, buyers operations were naturally restricted in view of the sudden rise, but a certain percentage of suitable wools wore secured by these interests. The range of prices was as follows: Halfbred—

Super .. ... •• d. 0 to d. in Medium 9 to 84 Inferior 51 to (U Pine Crossbred — Super .. '.. .. • • 8 to 11 Medium * • 7 to 84 Medium Crossbred — Super n to 81 M edium .. >» .. • • 7 to 75 Inferior .. .. . • • 45 to 65 Coarse Crossbred— Super n to 8.1 Medium 64 to 71 Inferior .. .. .. • • 54 to 6 HoggetSuper . . 84to H 'IMedium .. .. .. 74 to 8 Inferior • •. 6 to 71 Pieces— Extra pood .. .. 61 to 65 $ First crossbred . 44 to 64 Second crossbred 3 to 41 Bellies— First crossbred . 4 to 55 m Second crossbred • • 3i to 45 Crutehings— First crossbred . 4 to 45 ■■ Second crossbred . . 3 to 35 Necks— First fine .. v. Seconds to to 65 5 $ Locks —< Dead 24 5 to to 3 V