FIRMER MARKET

Wairarapa Age, 10 March 1934, Page 5

FIRMER MARKET

VALUES AT INVERCARGILL WOOL SALL DOWNWARD TENDENCY ARRESTED. GROWERS QUITE SATISFIED. INVERCARGILL, March 9. The second wool sale of the season was held this evening. There was a full and representative bench of buyers and competition w-as spirited throughout. Since the last wool sale prices have gradual- , ly receded, due probably to ibuyera anticipating a bigger drop in Lonf don than was actually realised. This downward tendency seems now to be arrested. Prices both from the brokers’ and the growers’ point of view were very much above what was expected. Generally speaking, the wool opened up well. The condition was probably a little heavier than that offered fit the first sale but this is to be expected at this time of the season, for practically aU. light condition and station clips were offered at the first sale. Bradford houses were operating freely at increased limits for crossbred, while the Continent and Japan took most of the fine •wools and bellies and pieces. Competition remained strong throughout, improving as the sale progressed. Brokers and growers . alike seemed quite satisfied with the market and the percentage passed in amounted to only between 5 and 7 per cent of the total. A fair portion of the passings was expected to be disposed of privately after the auction, so the clearance may be regarded 4s quite’a good one. A catalogue of 20,074 bales was offered at auction. Top price of the sale was 21Jd for five bales of super halflbred from, bipton. Following is the range of prices for the two sales of this season, the figures for the January sale being given in parentheses:— Halfbred.—Super, 20d to 21}<1 (22d to 24d); medium, 17d to 19d (19d to 21Jd); inferior, 141 d to 16id (14}d to I7d).

Fine Crossbred, 48/50. —Super, 14d to 16d (18d to 20d); medium, 'l3d to 14d (15d to 17}d); inferior, Hid to 13d (13d to 14jd).

Medium Crossbred, 44/46.— Super, lid to I2id (133 d to 15d); medium, IOJd to lid (IOJd to 124 d); inferior, 9d to lOd (9d to 101 d). Matted.—Medium, 6Jd to 74d (9d to 93d).

Pieces.—Halfbred, 14d to 16}d (17$d to ISJd); crossbred, lOd to 121 d (123 d to 133 d); medium, 12d to 15jd (15d to

Bellies.—Crossbred, lOd to lid (113 d to 12d); medium, 8d to 9d (81d to 93d).

Crutehings.— Super, 73d to 83<l (83d to 93d); medium, 53d to 7d (61d to 83d).

sjd to ,6d (53d to 73d).—