Fine Wool Firm At Invercargill

Press, Volume CV, Issue 31005, 10 March 1966, Page 22

Fine Wool Firm At Invercargill

(New Zealand Press Association) INVERCARGILL. March 9. Prices for finer wools remained firm, but there was some irregularity among lower offerings, when the first day of the fifth Invercargill wool sale opened today.

Compared with prices at the recent Dunedin sale, today’s were firm for finer wool, irregular for coarser and barely holding for oddments. Better picked lots of good length lambs’ wool were sold in sellers’ favour, others being erratic, with oddments generally unchanged. Two catalogues totalling 20,356 bales, were offered. Bidding was 'widespread and keen, only 28 of the opening catalogue of 705 lots being passed. Main buying came from the Continent, with Japanese and American competition, particularly on down-cross sorts. Bradford was relatively quiet. The clip opened well for colour, but most wools showed the effects of adverse weather, fleece wools being extremely tender in the staple and oddments were discoloured. Many of the lines of lambs’ wool showed evidence of poor preparation. A total of 39,222 bales is being offered at the two-day sale, which ends on Friday.

Range of Prices Official price quotations are: — d d Southdown, 58. 60's— Super — to 62 Good to super . — to 57 Good 52 to 54 Average to good 45 to 47 Average .. 38 to 43 Extra Fine Crossbred. 50 56's — Good to super .. —— to 56 Good 52 to 54 Average to good 49 to 51* Average .. 461 to 484 Fine Crossbred. 50 s, 50/52 s—— Good to super . 52 to 53 Good 49 to 514 Average to good 46J to 484 Average . 484 to 451

Medium Crossbred, 48/Ws— Good to super .. 48 to 50 Good 46 to 474 Average to good 434 to 454 Average .. Crossbred. 46.50’s— 404 to 43 Good to super .. 464 to 48 Good 44 to 46 Average to good 42 to 434 Average .. Strong Crossbred. 40 to 414 46/48’s— Good to super .. 46 to 68 Good 44 to 45j Average to good 41i to 434 Average .. 39 to 404 Lambs Medium Crossbreds. 48 50 s— Super 4»4 to 50 Good 46 to 48 Good to average 44 to 454 Average .. 40 to 42 Necks Fine Crossbred, 50/56’s— Good to average Crjssbred. 48'50’s — 47 to 50 Good 454 to 46 Average .. 424 to 44 Inferior . 38 to 414 Pieces Fine Crossbred, 50 s. 50/56’s— Average . Crossbred, 46/50*8— 36 to 39 Good 39 to 41 Average .. 35 to 37 Inferior and seedy 30 to 34 Bellies Crossbred, 46/50’s— Good to average 344 to 36 Average .. to 34 Inferior .. 28 to 31 Crutching Crossbred, 44/48’s— Average . S3 to 354 Inferior and seedy 27 to 31 Locks, Second Pieces Crossbred, 46/50’8 — Good to average 19 to 27

Unit Trusts Buy Sell >. d a. d 1st N.Z. Unit ..48 5 0 N.Z. Accuni. .. 5 10 6 2 N.Z. Income ..4 8 5 0 1st Dorn. .. ..4 8 5 0 2nd Doin. .. .. 5 11 6 3 Mut. Fund .. « I « 5 Inv, Unit .. Sec. First ..5 0 ..87 5 5 9 1