HIGHER WOOL PRICES

Auckland Star, Volume LXIV, Issue 25, 31 January 1933, Page 12

HIGHER WOOL PRICES

SECOND DUNEDIN SALE.

A GOOD CLEARANCE. (By Telegraph.—Special to "Star.") DUNEDIN, Monday. To-day's wool sale was generally considered highly satisfactory. Brokers offered their full quotas, and although prices are still below the cost of production, according to those in the industry, growers showed more readiness to sell, and only in isolated cases were high reserves placed on clips. This resulted in very few passings. The catalogue for this sale contained more finer qualities than the December sale, there being a number of station clips. The condition of the wool, although slightly heavier in weight, was better than last year's offerings, when drought conditions affected the quality, especially of North Otago clips. Following on improvements in values at Home, finer wools showed an advance in prices over last sale here. This advance was also increased by the difference in exchange, and values improved from ljd to 2d per lb on all grades of fine wool. In some cases of outstanding quality improvement wa« more marked. Crossbreds were also very firm, especially for super quality showing any fineness.

December catalogues contained more outstanding clips suitable for local mills, and this accounted for fewer lota being purchased by them. For any lots suitable for their requirements the local mills outbid other buyers, the lots purchased by them realising the highest prices on the sale. Continental buyers were the chief operators. It is anticipated that growers will receive an extra £45,000 to £50,000 on the wool sold for exchange only.

The official range of prices, together with that of the sale last month, was as follows: — Jan., 1933. Dec., 1932. Merino — d. d. d. d. Extra super .. to 121 to 12J Super 10 to 12 0 to 11 Average BjJ to 9J 71 to 82 Inferior 6to 7J 5 to 62 Corriedale— Extra super .. to 133 — Super 11 to 12J — Average ..... 10 to 102 — Fine Halfbred— Extra super .. 12J to 133 11 to 12 ■ Super 11 to 12J 91 to 101 Average 92 to 10J- 72 to 9J Inferior 8 to 91 C to 7J Medium Halfbred— Extra super . . 12 to 131 91 to 11 Super 101 to 111 8 1-5 to 9$ Average 9 to 10- 7i to 8 Inferior 73 to 82 6to 7 Extra Fine Crossbred— Extra super .. to 11J * — Super 8J to 92 7J to 82 Average 7 to 8 C to 7 Inferior 51 to 62 5 to 6 .Fine Crossbred— Super 7J to 8i G2 to 71 Average G to 7 51 to 61 Inferior 4J to 51 31 to 5 Medium Crossbred— Super 6 to 7 5J to 6 Average 42 to 51 4 to 5 Inferior 3to 41 21 to 32 Hoggets— Halfbred 9 toll} 5 to 82 Crossbred .•... 62 to 81 41 to 7 Bellies and Pieces— Merino: Good to super S2 to 101 01 to 82 Low to medium 01 to 8 41 to 61 Halfbred : Good to super 9 to 11J 7 to 9J Low to medium 61 to 8 32 to 61 Crossbred : Good to super 7 to 9 5 to 7 Low to medium 4 to 0 21 to 4S Crutchings— Medium to good 3\ to 42 21 to 4?, Inferior to seedy 11 to 3 01 to 2 Locks— Merino 11 to 3 1 to 23 Halfbred 3 to 32 1 to 3' Crossbred .... 11 to 21 01 to 11