KEEN DEMAND FOR WOOL

Dominion, Volume 32, Issue 143, 13 March 1939, Page 10

KEEN DEMAND FOR WOOL

Invercargill Sale

PRICES VERY FIRM ON RECENT RATES Passings Negligible By Telegraph—Press Association. INVERCARGILL, Mar. 12. Prices showing an improvement on those obtained at the first Invercargill wool sale in February were paid at the second sale yesterday. Good crossbred ewe wools were' slightly firmer and crossbred hogget wools were a halfpenny to a penny dearer. 1 aken ail round, the sale was better by a farthing a pound. It is estimated that the average price will work out at about 9UI. a pound and £l2/15/a bale, compared with 9{-d. a pound and £l2/7/- a bale at the February sale. Based on this estimate the value of wool sold is £342,540.

The sale was animated throughout and practically a full clearance was made. The competition was marked by intense and active interest from all sectious. The top price was 13Jd. paid for a line of super halfbred. Though the general rise was a farthing, super hoggets gained fully a penny and in some eases more. Japanese competition for crossbred hogget wools was good. Bradford, as at northern sales, was very active and local mills took all their requirements. The official report is: A total of 20,806 bales was offered. There was keen competition by all sections of the trade and passings were negligible. Less than half per cent, of the offer!ug was passed, and as this was sold later by private treaty a full clearance was made. On a general average the sale was about a farthing a pound better than the February sale. Bellies, pieces and erutchings were inclined to be slightly easier. Good crossbred ewe wools were slightly firmer and crossbred hogget wools were halfpenny to a penny a pound better. The wool opened in very good condition and with the exception of a few super linos, which are always offered at the first sale, the condition all round was superior to that of the February offering. Brokers’ values were fully realized and in many instances exceeded. Germany was a strong buyer of fine crossbreds suitable to her requirements. Japan was in the market, for all best quality crossbred hogget wools and France as usual dominated the market for pieces. Following is the range of prices:— <l. d.

Merino— 101 Average 10.1 to Corriedale — Super 124 to 131 Average 11 to 12} Southdown— Average IH to 10 A Halfbred. 50/56— Super 114 to 124 Average i<n to 11} Inferior Extra Fine Crossbred, -18/50 101 to .10} Super 10:1 to 11J Avenge 10 .0 10.1 Inferior , 91 to 9'1 Fine Crossbred, 46/48— Super 101 to 111 Average 1)1 to 101 Inferior D to Medium Crossbred, 44/46— Super 10} to 11 Average IhV to 10 Inferior 9 to 94 Coarse Crossbred, 40/14— Ave,rage <> to 91 Inferior 8} to s ; ; Hoggets— 50/56 to 12 48/51) un to 111 46/48 10} to ii; 44/46 10 to KIA Necks— Fine (0 111 Crossbred 9 to 10 Crossbred Pieces— Good to super 84 to <.H Average 7-4 to si Crossbred Bellies — Good to super 8 to si Average 7} to 7‘i Crutcliings— Medium to gobd 6.1 to S.1 Inferior and seedy • ,, 5} to 6* Locks— Crossbred 3 to