Another Wool Price Record At Invercargill

Chronicle (Levin), 8 January 1949, Page 4

Another Wool Price Record At Invercargill

INVERCARGILL, Jan. 7. A new • Southland record price for greasy wool was established at the first main sale of the season today when a Freneh -buyer paid 60£d 1b. for a four-bale lot of super quarterbred sold for the estate of Donald Angus Cameron's Glenfalloch Station at Nokoitiai. This was an improvement of several ! pence on the best price for a Southland sale. Earlier in the sale up to 58|d lb. was paid for Nokomai hogget wool. The market was firm on recent sqflos for fieece wool with the exception that an easing tendency was noticeable for fine tliree-'quarterbreds. There were no passings and a full bencli of buyers operated. t The offieial report of tlxe Invercargill Woolbrokers' Associatioxx ixx conjunction with the New Zealand Woo! Disposal Commission states that tlxe quality of wool in general was of a very high standard and overall was eonsidered tlie best for a xxumber qt years, tlxe wool being bright, well grown and sliowing a lot of style and a minimum of tenderness. A fair proportion of the clxp contained early slxearing pre-lambing clips. Every sectioxx of the trade bOught freely; tlxe Continenf being particularly active on any line wools and oddments. Wherever aixy fine wools Were offered local mills were strongly in evidence and secured some clxoiee lines. Tlxe sale while no^ up to the reeorcl lavel of tlxe last Dun edin sale was particularly SuecessfuL A ixotahle feature was the easing tendexxey of any lines of fine erossbreds while pieces, bellies and neeks sold in some cases at littie less than fieece wool. All lines of hogget wool, especi ally those which were sound, met with a very keen sale.