DUNEDIN WOOL SALE

Press, Volume LXXXVIII, Issue 26659, 19 February 1952, Page 8

DUNEDIN WOOL SALE

PRICES DOWN 2} TO 5 PER CENT. QUALITY AFFECTED BY SPRING WEATHER (New Zealand Press Association) DUNEDIN, February 18. Wool prices dropped in all classes at the third wool sale of the season in Dunedin to-day. The bulk of the entry, which totalled 33,300 bales, was sold at prices which reflected a comparatively unfavourable season for the production of good wools. The finer wools were in better condition than some of the others, but even some of these were not up to the standard of those offered in the last sale. There was a full bench of buyers, but the sale dragged, with only occasional intervals of lively bidding between Bradford and the Continent for some of the finer lots. Growers were not happy as they noted that prices generally were even easier than at the Christchurch sale, while there was a substantial drop, particularly in fine wools, from prices realised in December. Crossbred wool was 3d to 4d lower, fine crossbreds 6d to 9d, and finer wools were from lOd to Is per lb easier. Continental buyers took most of the fine wool offered while Bradford was the largest buyer in the crossbred section. Local mills bought with caution and secured only occasional lots. Their hesitancy is probably connected with the lack of any definite word about subsidies. Those in the trade are hopeful that some statement may be made by the Prime Minister when he returns from abroad. Top price, for the day was 74d, secured by Mr A. R. McKay, of Tarr'as, for four bales of super quarterbred wool. Three bales of superfine halfbred made 72d and nine bales of super Merino made 70jd. Five bales of the same class hogget wool brought 70Jd. • Official Report The official report issued by the Dunedin Woolbrokers’ Association in conjunction with the New Zealand Woolbuyers' Association and the New Zealand Wool Commission, states that the style and quality was not as good as usual because of the adverse spring season. There was a marked absence of competition from local mills, but buying was generally well spread, with the Continent and Bradford most prominent. Compared with the recent Christchurch sale prices on a clean basis• declined by 2) per cent, for halfbreds and 5 per cent, for crossbreds, the coarser wools being slightly dearer. The official range of prices is:— d. d.

Merino, 60-64— Extra super .. .. — to 72 Good' to super .. .. 60 to 65 Average to good .. .. 52 to 58 Quarterbred, 60's— Extra super .. .. •—- to 74 Good to super .. .. 62 to 651 Average to good .. .. 55 to 59 Fine Halfbred, 58’s— R»tra super ... .. — to 69j Good to super 60 to 64 Average to good .. .. 53 to 59 Inferior .. •• 48 to 52 Halfbred, 56/58— Extra super .. .. — to 61 Good to super 55 to 57 Average to good .. .. 52 to 54 Inferior .. .. .. 45 to 43 Halfbred, 57’s— Good to super .. 55 to 57 Average to good .. 50 to 52 Inferior 47 to 49 Extra Fine Crossbred, 56’s— Good to super 52 to 54 Average to good .. .. 46 to 50 Inferior 38 to 43 FAe Crossbred, 50/54— Good to super 59 to 63 Average to good .. 46 to 48 Inferior 40 to 43 Medium Crossbred, 48/50 — Good to super .. .. 48 to 50 Average to good .. .. 43 tO‘ 46 Inferior .. .• 38 to 40 Crossbred, 46/48— Good to super .. .. 46 to 49 Average to good .. .. 41 to 43 Inferior .. .. >> 38 to 40 Southdown — ' • Good to super .. 56 to 58 Average to good .. .. 47 to 50 Merino Hogget. 60/84 — Extra super 67 to 70. Good to super .. .. 56 to 59 Average to good .. •> 50 to 54 Fine Halfbred. 58 s— Extra super .. .. to 61] Good to super 52 to 56 Average to good .. .» 46 to 48 Halfbred Hogget, 56/58— Good to super t .. .. 52 to 56 Average to good .. 46 to 48 Inferior 40 to 44 Halfbred Hogget, 56's— Good to super 50 to 54 Average to good .. 44 to 48 Inferior 40 to <2 Extra “Tine Crossbred Hogget, 56’s— Good to super 52 to 54 Average to good .. 48 to 50 Inferior 41 to 44 Fine Crossbred Hogget, 50/54— Good to super 49 to 51. Average to good .. 44 to 46 Inferior .. 39 to 42 Medium Crossbred Hogget, 48/50— Good to super 47 to 49 Average to good .. 44 to 46 inferior 36 to 40 Neck* Merino— V Good to super .. .. 58 to 61 Average to good •• • ■ 52 to 55 Halfbred— Good to super .. •• 54 to gU Average to good >■ •• 50 io 52 Fine Crossbred — Good to super .. 47 to 49J Average to good .. .. 43 to 45 Inferior • • • • 36 to 40 Crossbred — Good to super .. .. 43 to 45 j Average to good .. >. 38 to 40 Piece* Merino— Good to super 52 to 54 Average to good .. .. 46 to 50 Inferior 36 to 40 Halfbred— Good to super 49 to 53 Average to good .. .. 42 to 46 Inferior •• •• 36 to 40 Fine Crossbred — Good to super .. .. 41 to 44? Average to good .. .. 34 to 38 Inferior •• 28 to 32 Crossbred— Good to super 35 to 39J Average to good .. 31 to 34 Inferior 25 to 28 Bellies Merino— Good .to super 46 to 48 Average to good .. 40 to 44 Halfbred— Good to super 44 to 46? Average to good .. 40 to 43 Fine Crossbred— Good to super 38 to 40 Average to good .. ■> 32 to 35 CrossbredGood to super 33 to 35 Average to good .. 29 to 31 Inferior 24 to 26 Crutchin gs Halfbred— Good to super 35 to 37 Average to good .. 28 to 33 Inferior . > • • 24 to 26 Fine Crossbred— Good to super 34 to 38 Average to good .. 28 to 32 Inferior .• .. 24 to 26 CrossbredGood to super 38 to 40 Average to good .. 30 to 32 Inferior 24 to 28 Locks Merino— Average to good .. 26 to 29 J Halfbred— Average to good .. Crossbred24 to 27 Average to good .. 20 to 25