DUNEDIN PRICES HIGHER

Press, Volume LXXII, Issue 21730, 12 March 1936, Page 13

DUNEDIN PRICES HIGHER

SUBSTANTIAL ADVANCE SHOWN ENCOURAGING RISE IN CROSSBREDS (rftXSS ASSOCIATION TBLEGRAM.I 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 for the later sale. The sale was characterised by exceptionally keen bidding from all sections of the trade, and prices for all classes of wool were undoubtedly at the highest point reaqhed this season at New Zealand sales. Compared with the February sale in Dunedin, halfbreds can be quoted fully ljd higher, with crossbreds Id and fine crossbreds ljd higher,. In numerous cases the 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, were buying strongly at advanced prices and lifted the bulk of the crossbreds. There were comparatively few passings, and as most of these would be sold after the sale, there would be almost a complete clearance. The most gratifying feature of the sale was the rise in crossbred vrlues. Crossbred prices in the early part of the season looked to bo low in comparison with halibreds, but at to-day's prices, the disparity in values has been considerably lessened, and those growers who are still holding wool will probably take' advantage of the present good market and sell at the next Dunedin sale on April 3. Top price was 19Jd, paid for four bales of super Corriedale wool grown by H. P. Mclntyre (Waikaka). Range of Prices The official range of prices is as follows, a comparison being shown with the Dunedin February sale:— Feb. March, d. d. ' d. d. Merino (64/70, 60/64)

SYDNEY MARKET FIRM HEAVY DEMAND FOR CRUTCHINGS COMPETITION KEEN SYDNEY, March 11. At the wool sales 13,559 bales were offered, 11,257 were sold at auction and 2329 privately. There was an exceptionally heavy demand f or, crutchings, of which there was a fair proportion in the catalogues. Prices were firm at late rates, and competition was keen for all descriptions. Greasy merino mttde to 22Jd..

Extra super — to 20 — — Super .. 16 to 17 16 to 171 Average• .. 14 to 15 141 to 151 Inferior .. 12 to 13 13 to. 14 Fine Halfbred (56/58)— Extra super — to 193 — to 191 Super .. 16 to 17i 17 to 181 Average .. 13 to 14:{ 141 to 161 Inferior .. 10.'. to 12 12 to 14 Medium Halfbred ~< 50/56)— Extra super 151 to 16 • 161 to 171 Super .. 13A to 15 141 to 16 Average .. Hi to 13 121 to 14! Inferior .. 9 1 to 11 101 to 112 Extra Fine Crossbred (48/50)— Super .. 115 to 13 13 to 15 Average .. i*i to 10:{ 101 to 121 Inferior .. 81 to 9J 9J to 101 Tine Crossbred 146/48)— Super .. 9 to 101 101 to 12 Average .. 7-j to 81 9i to 10.\ Inferior .. 7 to 7J 84 to 9 Medium Crossbred (44/46)- - Super .. 81 to 9 91 to 10.1 Average .. 61 to 71 81 to 9.1 Inferior .. 51 to 61 7i to 8i Halfbred Bellies and Pieces— Good to super 131 to 161 14 to 164 Low .o med. 91 to 121 101 to 134 Crossbred Bellies and Pieces— Good to super 8 to 10 81 to 11 Low to med. 6 to 71 61 to 8* Halfbred Crutchings— Med. to good 6£ to 8 7 to 81 Crossbred Crutchings— Med. to good 61 to 71 7 to 81 Inferior .. 5 to 6 51 to 61 Locks— Med. to good 5 to 6^ 51 to 61 Inferior .. 31 to 41 4i to 5$