WOOL PRICES.

Auckland Star, Volume LXVI, Issue 58, 9 March 1935, Page 10

WOOL PRICES.

BETTER THAN EXPECTED. THIRD DUMTEDIN SALE. . i i (By Telegraph.—Press Association.) DUNEDDf, this day. At tlie tliird wool mile of the season 24,002 bales were offered. Prices for the first catalogue were better than expected, probably because the selection and quality had a greater appeal than those at recent sales. The halfbreds proved suitable for the Continent, whiei had better limits. partly ixccounUy for by the improved market for sterling. ilerinoe, compared with, the last local sale, declined a penny, halfbred a halfpenny, and crossbred a farthing. Top prices in the first catalogue were 14d for six bales of Merino combing, and 13Jd for superfine halfbred, binned. The great bulk of the offering consisted of station clips, and later shorn fine wool. Only about 7J per cent of the first catalogue was passed. Growers and brokers were prepared for a substantial drop in halfbreds, but the decline was slight. There was not the same keen competition by local mills for super- lots, which were a penny below February rates. There was a strong demand for pieces, but within strict limits. Competition was well distributed. France bid keenly, but Germany and Japan were satisfied with small orders. Bradford was predominant, lifting tho big proportion of the fine wool and other offerings.