WOOL MARKET

Dominion, Volume 16, Issue 148, 10 March 1923, Page 5

WOOL MARKET

KEEN COMPETITION AT DUNEDIN THE RANGE OF PRICES BY TELEGRAPH.—PRESS ASSOCIATION. Dunedin, Alarch 9. The third wool sale of tho season was opened here to-day. The associated brokers submitted 21,334 bales, and the sales at auction would be in the vicinity of 85 per cent. The bench of buyers was fully representative and up to the usual numbers. Competition was keen, especially for halfbreds, three-quarter breds, crossbreds, and particularly so for pieces. Prices generaly may bo summarised as follow*, as compared wtih last month’s sale, after allowing for the larger proportion of heavier conditioned, seedy, late shorn wools offered on thia occasion:— Merinos. 10 to 15 pvz nene, lorrsr; super, halfbreds, par to 5 per Cent, higher; medium and low halfbreds, 5 to 10 per cent. lower; fine crossbreds, 5 to 10 per cent, lower; coarser .crossbreds, 7} to 12J per ce.nt. lower; pieces and bellies, par to 5 per cent, higher. In calculating these, care must be exercised by bearing in mind the higher or lower range on which these percentages have to be worked out. The condition of the wool was variied. Tho number of clips on offer was equal to anything seen this season, but the bulk was not up to the previous standard of offering. Local mills were buying on a restricted scale, their requirements for the season being practically filled. America was also buying sparingly, and then only super lots, and the Continent did not operate largely, except for pieces. Bradford, local speculators, and scourers secured the bulk of the wools at tho somewhat lower levels ruling. The crutchings went mostly to Japan, notwithstanding reduced limits generally. Dunedin had the honour of securing the record price for the Dominion. Dalgefy and Co. sold on behalf of Air. G. A. Sutherland, or Alacraes, one bale of super merino shorn from imported Victorian rams at 30d. per lb., the buyers being the well-known firm of woollen manufacturers, Itoas and rtlendining. The quality and condition were magnificent. The range of prices was as follows:—

THE LONDON SALES (Rec. March 10, 0.5 a.m.) London, Alarch 8. At the wool sales there was a splendid selection of merinos. All good, wools were fully firm. Inferiors were irregular. Crossbreds were unchanged. The Bradford quotations are very firm and unchanged. The tone of the market is slightly more confident, ‘but business is still very quiet.—Aus.-N.Z. Cable Assn.

Merino— d. d. Extra super — to 30 Super 22 to 25 Average 19$ to 21$ Inferior 17 to 19 Fine halfbred— Extra super 25 to 26} 22 to 24$ Average 18$ io 21$ Inferior lb to 18 Medium halfbred— Extra super 23 to 24$ Super 21 to 22$ Super Inferior 17 13 to 20$ to 16 Coarse halfbred— Extra super, — to 20$ Super 17 to 19 Average 14$ to 16 Inferior 11 Fine crossbred— Super 14$ to 17 Average 12 to 14 9 to 11$ Medium crossbred— Super 9$ to 10} Average 8jd to 9} Inferior to 74 Bellies and Pieces. Merino, good to super— Pieces 17 to 21 Bellies ;... 15 to 18 Low to medium — Pieces 14 to 16 RpIIips 12 to 14 Halfbred, good to super— Pieces 14 to 17 Bellies 10 to 15J Low to medium— Pieces 9 to 13 RaIHps 9 to 14 Crossbred, good to super— Pieces R4 to 13 Bellies 6 to 8) Low to medium— Bellies 5 to 8 Crutchings— Medium to good... 6$ to 9 Inferior to seedy 3 to 6 Locks— Merino 6 to 8| Half bred .......... 5 to 7$ Crossbred 4 to 61