THE WOOL BOOM.

Shannon News, 30 January 1923, Page 3

THE WOOL BOOM.

■ * PRICES SOAR AT INVERCARGILL. Invercargill, January 25. * The first Invercargill wool sale was held on Saturday, 6500 bales being Jt- ■ fered. British, Colonial, American and ' Continental buyers were represented, and there was the keenest competi lion in all classes. Values were up to the cemmandeer prices, and altogether it was the best auction sale of wool ever-held in' Southland. . ' Crossbred prices constituted a record. Medium crossbreds were up 3d per lb on the last Christchurdh sale, and pieces also were up to 17id, which is said-'to be a Dominion- record. The bulk of the offerings were secured, for export, the Dominion mills securing a fair quantity of the better kinds.. The range of values was as follows: '_ ' - ■ .'■■'' ™; Half bred:—Super 22d to 24d, medium 18d t0.21d, inferior 16£d to 17£d. - Medium Crossbred.—Super : 17d to; 18^,.-medium 13d to 15M, inferior lOd to" 123 d: ■ Thre.e-quarterbred— Super 17d to 'Sid, medium 15d to 16£d, inferior lOd to md. / .Coarse crossbred.—Super to lljcl, medium 10i-d "to lljd, inferior 9d I to 10£d.

Piecps ,—Halfbred 16Jd to crossbred lOd to 15d. Locks, 5d to 4£d, bellies, halfbred 12d to 16id, cruichings 5d to 7£d.