LITTLE EFFECT ON PRICES AT CRUTCHINGS SALE
Press Assoqiation)
(Per
^ TIJMARU, August 20. There waa an air of expectancy about the crutcliings sale held in' Timaru today in view of New Zealand 's rcturii to parity with sterling, but any misgivings tliat may have been arouSed were unfounded as tlie range o'f prie.es was only a shade less firm than those which ruled at the recent Christchurch sale. Buyers had no orders for tleece and vendors wero not prepared to sell at the prlees ol'eving, aml consequently most of these iots were passed in. The cpiality of this season 's earlv sho,rn wool was excel lent. Farmers who had sold to privatc dealers before the saJe were fortjunate, but not so tlie d.ealers. Otllcial range of prices: Extra supeI9d, good to super I5d to 17d, averagc to good 13d to 141i], iuterior 10-id tc U'll; lialfbred; 50/5(1 's to 56, 58% extra super to 2x'd, good to snperjSd to; t9d, u'. erage to good 14d to 15Ad, int'erior tyd lo 12'dj. three-quarterbred, 4(i/50's, oxtru super J,9Jd to 21d, good'to supe. Hid to 1 7 £d, average to go.o.d 14, d to 152(1, inferior 9d to 1 2d ; erossbred. -1-1/4(1 's, extra super 25, |d, good to super 13d to. 2 2 VI, average 17d t'o 17fd. "Tlie priee of wool remained unchanged except tliat British buyers, allowed far the 25. per cenf. dep.teciativn of sterling 'as cft'ected by "tiie new exchange rate... The pijce pf woo.l on, the flooi? was uualttred, but the grejasv pri.ee was down gb.out 20: per eent. " said Mr. II. Hili, an exec-utive member of the New Zealand \Vo?lb\iyers' A,ssociation, '
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Bibliographic details
Chronicle (Levin), 21 August 1948, Page 5
Word Count
274LITTLE EFFECT ON PRICES AT CRUTCHINGS SALE Chronicle (Levin), 21 August 1948, Page 5
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