BETTER WOOL SALE.

Auckland Star, Volume LXIII, Issue 28, 3 February 1932, Page 4

BETTER WOOL SALE.

GOOD CLEARANCE AT DUNEDIN. FAIR DEMAND FOR CROSSBREDS. (By Telegraph.—Press Association.) DUNEDIN, Tuesday. The second wool sale of the 1931-1932 season was held to-day when catalogues comprising 30,000 bales were submitted to a full bench of buyers representing the world's consuming centres as well as the Dominion mills and fellmongers. The offering comprised an excellent selection of well-grown wool and some extra choice clips were brought under the hammer and elicited full competition. The condition of the offering as a whole was surprisingly good, being sound, clean and well-grown. The Continent supplied the major portion of the buying power, with good support from Bradford and Japan. The Dominion mills were also keen operators for wools suitable to their trade. The demand throughout was keen, and it is estimated that about 95 per cent of the offering was sold .under the hammer. Merinos met with a fair sale at prices showing little alteration compared with the December rates, with the exception of medium qualities, which may be quoted at par to one halfpenny advance. Halfbreds met a particularly good market, with some very choice lots on offer. For better lines, the market may be quoted firmer at one halfpenny advance, while medium qualities of this description appreciated one halfpenny to one penny. Crossbreds of 4S's quality appreciated to the extent of one halfpenny to one penny. Crossbreds of below 48's- met with a fair demand at prices showing little or no appreciable change, but they realised fully equal to the present London parity Crossbred hoggets were in keen demand and improved iu value to the extent of one halfpenny to one penny. The demand for necks, pieces and bellies was keen, and for better lines advanced about one halfpenny.