Dunedin Wool Rises Sharply

Press, Volume CII, Issue 30215, 21 August 1963, Page 18

Dunedin Wool Rises Sharply

(New Zealand Prese Association) DUNEDIN, August 20. Big prices were paid at the Dunedin wool sale today—the first main sale for fleece wools of the 1963-64 season. Crossbred fleece wool fetched at least Is per lb more than in the same sale last year, and about 4d per lb more than in the May sale last season. The average price of all wools sold today is expected to be 44d to 47d, compared with the Dunedin average last Reason of 43d, which was fractionally higher than the Dominion average.

The average price for crossbred fleece wool was estimated at 54d to 55d a lb, or about £75 a bale—substantially above last season's returns. Although the offering of fine wools was small, new season’s Merino brought 70d—the highest for several years. Some Merino, resold from last season, went even higher to 71 Jd, top price for the day. More than half of the 19.886bale offering today was new season’s fleece wool and most of this was crossbred from South, West Central, and North Otago areas. Crutchings comprised 4100 bales, and other oddments 5300 bales. The offering showed a considerable increase over the last August tally of 15.267, and almost all of this increase was in early shorn fleeces. Good style crutchings sold about the same as at Invercargill last week, but average to inferior showed an improvement on the southern sale. Good oddments also sold at better prices than last season. Of excellent colour, fleece wool was generally well grown, and there was little evidence of “cotting” or ■‘tenderness.” The average price of wool sold at the first Dunedin sale last season was 35d per lb. and at the last Dunedin sale 43d per lb. The Dominion

average last season was nearly 43d per lb. Official Report It was obvious from the beginning of the sale that a new . price level had been established since last season, said the official report. Competition was keen and well spread for all fleece wool. ‘‘Compared with the opening rates at the Dunedin August sale last year, the market for crossbred fleeces was up 25 per cent to 30 per cent, and compared with the last Dunedin sale in May it was up 7j per cent to 10 per cent. “This was the first sale of the season in New Zealand at which any considerable quantity of good length fleeces had been offered and this could be due to the sale being held a week later than last year.” RANGE OF PRICES

The official range of prices is as follows:— Fine Halfbred and d. d Cor.-Super-Cor., 58/60’sGood to super .. to 64} Good 61 to 63} Average to good 57 to 59} Medium Halfbred and Sup. Cor., 58’s and 56/58's— Good 59} to 61} Average to good 56 to 56 Halfbred and Corriedale, 56’s— Good to super .. to 63 Good 58 to 601 Extra Fine Crossbred, 54/56’s— Good to super .. 61 to 63 Fine Crossbred, 50/ 52’s— Good to super .. 50 to 61 Good 57 to 58} Average to good 54} to 56 Average 51 to 53 Medium Crossbred, 48/50‘s— Good to super .. 57 to 59 Good 54 to 56 Average to good 52 to 53} Average 49} to 51} Crossbred, 46/48’s— Good to super .. 55 to 58 G ood 52 to 54 Average to good 49 to 51 Woolly Hoggets Extra Fine Crossbred, 54/56’s— Good to super .. 60 to 63 Good 56 to 59 Fine Crossbred, 52« and 52/54’s — Good to super .. 56 to 58} Good 53 to 55 Second Shear Crossbred, 46/50’s— Good to super .. 52 to 55 Average to good 40 to 51} Necks Fine CrossbredGood 54 to 57 Average 50 to 53 Crossbred— Good to 65 Average 52 to 54 Pieces Halfbred— Good to 50 Average 45 to 47 Fine Crossbred— Good .. .. to 48 Average 44 to 46 Inferior .. 39 to 43 Crossbred— Good .. .. 45 to 48 Average 42 to 44 Inferior 38 to 41 Bellies Halfbred— Average 43 to 46 Fine CrossbredGood 43 to 45 Average 40 to 42 Inferior .. 35 to 38 Crossbred— Good .. .. 41 to 44 Average 38 to 40 Inferior 32 to 37 Crutchings Halfbred— Good average 34} to 38 Inferior 30 to 33 Fine Crossbred— Good 40 to 43 Average 37} to 39} Inferior .. 30 to 35 Crossbred— Super .. .. 51 to 53 Good 46 to 48 Average 40 to 42 Inferior 35 to 38 Locks Halfbred— First to 28 Second 25 to 27 Crossbred— First 31 to 34 Second 26 to 28