CRUTCHINGS SALE AT DUNEDIN

Press, Volume LXXXIV, Issue 25581, 24 August 1948, Page 6

CRUTCHINGS SALE AT DUNEDIN

PRICES ON PAR WITH THOSE AT TIMARU (P.A.) DUNEDIN, August 23. The official report of the Dunedin Stock Agents’ and Woolbrokers’ Association on to-day’s sale of crutchings, issued in conjunction with the New Zealand Woolbuyers’ Association and the New Zealand Wool Disposal Commission, says that prices were on a par with those ox the Timaru sale. No doubt because of uncertainty in the market brought about by the return of the New Zealand pound to parity with sterling, there were more passings than usual and buyers were cautious. _ A small amount of new fleece was offered but was mostly passed and sola after auction. . _ All the 473 bales of stock wool offered on account of the New Zealand Wool Disposals Commission was sold. The official range of prices is>—

MerinoGood to super 17 to 171 Average 15 to 16) Inferior 12 to 14 Fine Halfbreds, 56/58 — Extra super to 21} Good to super .. 16) to 19 Average .. v 14 to 16 Inferior .. • • • 12 to 13) Halfbred, 50/56— Extra super .. to 22 Good to super 17 to 19 Average 14 to 15) Inferior 9 to 12 Th reequarterbred, 46/50— Extra super to 234 Good to super 18) to 203 Average . • 14) to 17 Inferior >• 8 to 11 Crossbreds, 44/48y Extra super , to 22) Good to super .. 17) to 20) Average 15) to 17 Inferior .. 10 to 13