Wool Prices Maintained at Invercargill

Manawatu Times, Volume 62, Issue 31, 6 February 1937, Page 6

Wool Prices Maintained at Invercargill

FULL BENCH OF BUYERS AND KEEN COMPETITION Per Press Association. INVERCARGILL, Last Night. Values fully up to those realised at northern centres were obtained at the first Invercargill wool sale which was concluded this evening. There was a full bench of buyers and competition was keen throughout the sale and was sometimes animated. It was estimated that the return would average easily 16d per pound and between £2l and £22 per bale. The average price per pound last February was 8.76 d. and the price per bale about £ll 10s. Top price for the sale was secured by Andrews and Darricott, of Eyre Creek, on whose account six bales of fine Corriedale ewe wool sold at 251 d. A New Zealand record price was set for crutchings, a bin of superfine bringing 19Jd. It should be explained that crutchings are not part of the woollen trade. They are bought for the carpet business. Bradford took a high percentage of the offering, specialising iu crossbreds and halfbreds and Japan was in the market to some extent but it was difficult to assess the quality lifted. Some lines of long, strong and sound hoggets realised about 20d and somo round about 21d. Bellies and pieces were bought eagerly and locks wore in keen demand. Complimentary reference to the Southland clip was made by buyers. Range of Prices. The following is the range of prices, those for tho first sale last year also being given:—

1937. 1936. d. d. d. d. Corriedale— Extra super to 25$ — Super .. .. 23 to 24$ 16$ to 17$ Medium .. 21 to 22} 13 to 15$ Fine Halfbred— Extra super to 23*| — Super .. .. 21 to 22 — Medium .. 19$ to 20$ 15$ to 16$ Medium Halfbred— Extra super to 20$ — Super .. .. 17$ to 19$ 133 to 14} Average .. 15 to 17$ — Extra Fine CrossbredSuper .. .. 18$ to 19$ — Average .. 16$ to 17$ — Inferior .. 15 Fine Crossbred— to 16 Super .. .. 16$ to 18$ 11 to 13 Average .. 14$ to 16$ 30 to 11 Inferior .. 12$ Coarse Crossbred— to 14 9 to 10 Super .. .. 16 to 19$ — Average .. 14$ to 15$ — Inferior .. 13$ to 14$ — Pieces— Good .. ..16 to 17$ 9$ to 10$ Medium .. 14 to 15$ G to 7$ Inferior .. 10 Bellies— to 14 5$ to c$ Good to sup. 13 to 15$ 8 to 9 Inf. to avge. 11 Crutchings— to 12$ 6 to 7 Super .. .. 14$ to 19$ — Med. to good 12 to 13$ 7 to 9 Inf. to avge. 8$ to 11$ 5 ta 6$ Locks— Best .... 8$ to 10$ 5 to r>$ Inf. to med. 6$ to s$ 4 to