THE WOOL SALES

Ashburton Guardian, Volume 56, Issue 128, 12 March 1936, Page 11

THE WOOL SALES

AN ADVANCE AT DUNEDIN. CROSSBREDS IMPROVED. .Per Press Association.) DUNEDIN, March 11. At the third sale of the season a total offering of 28,317 bales was submitted. A substantial proportion was crossbred, from the southern districts, but there was also a good offering'of fine wools, mostly from the high country, and also from clips which are usually sold in the-February sale, but which this year had to be held ior tho later sale. The sale was characterised by exceptionally keen bidding from all sections of the trade, and prices lor all classes of wool were undoubtedly at the highest point reached this season at New Zealand sales. Compared with the February sale in Dunedin, lialfbreds can be quoted fully liighci, with crossbreds Id and fine crossbreds higher. In numerous cases tne rise was even greater. The Continent was again buying very freely, the competition from Germany was more noticeable than at previous sales this season, and it was obvious that good orders were in the market for Japan. Bradford buyers, who have been comparatively quiet at the last two Dunedin sales, u eie buying strongly at advanced prices, and lifted the bulk of the crossbreds. There were comparatively few passings, and as most of these would he sold after the sale, there would be almost a complete clearance. The most gatifying feature of the sale was the rise in crossbred values. Crossbred prices in the early part of the season -looked to be low in comparison with lialfbreds, but at today’s prices the disparity in values has been considerably lessened, and those growers who are still holding wool w-U probably take advantage of the present good market and sell at the next Dunedin sale on April 3. Top price was 19id, paid for four bales of super Corriedale wool grown by H. P. Mclntyre (Waikaka).

Range of values.

The official range of prices is:—-

SYDNEY MARKET FIRM. CRUTCHINGS IN HEAVY DEMAND (United Press Association —Copyright.) SYDNEY, March 11. At the wool sales 13,559 hales were offered, 11,257 were sold at auction and 2329 privately. There was an exceptionally heavy demand for erutchings, of which there was a fair proportion in the catalogues. Prices were firm at late rates, and competition was keen for all desciiptions. Greasy merino made to 22 )d.

Merino, 64-70, 60-64— 171 Super 16 to Average Mito 151 Inferior ls to 14 Pine halfbred, 56-58— 191 Extra super — to Super 17 to 181 Average Ml to 16-1 Infei’ior 12 to 14 Medium Halfbred, 50-56— 171 Extra super 161 to Super 141 to 16 Average 121 to 141 Inferior 101 to 121 Extra Fine Crossbred, 48-50 — 15 Super 13 to Average 101 to 121 Inferior 91 to 101 Pine Crossbred, 46-48— 12 Super 101 to Average 91 to 101 Inferior si to 9 Medium Crossbred, 44-46— Super 91 to 101 Average 81 to 9J Inferior ... 71 to 81 Bellies and Pieces— Halfbred: Good to super 14 to 161 Low to medium ... 101 to 131 Crossbred: 11 Good to super ... 81 to Low to medium ... 61 to 81 Grutchings— Halfbred: Medium to good ... Crossbred: 7 to 81 Medium to good ... 7 to 81 61 Inferior 51 to Locks— 61 Medium to good ... 51 to Inferior 41 to 51