DUNEDIN WOOL SALE

Evening Post, Volume CV, Issue 58, 9 March 1928, Page 12

DUNEDIN WOOL SALE

HIGH PRICES STILL RULE (By Telegraph.—Press Association.) DUNEDIN, Bth.March. The third wool sale of the series was opened in Burns Hall last night and was continued to-day. The various brokers oifered catalogues totalling 27,325 bales. There was a- full attendance of buyers (•very seat on the benches was occupied), representing America, Britain, Europe, and Japan, and buyers for all the local mills. A large proportion of the". offering included clips which had been shorn for some time and which had arrived in Dunedin too late to be included in the last sale. The wools opened in splendid condition, and it can be said that some of the halfbreds and fine crossbreds offered this sale were in beautiful order. Some of the Southern Lakes district and back-, country wool was well grown, but being later shorn, showed much more condition. The hope formed by growers-that the sales would command the high prices obtained in other parts of the ■ Dominion were more than justified,-and under extremely good competition the prices! advanced %d to 2d per lb for good halfbreds, crossbreds, and good piece", compared wi£h rates ruling at the sales on Ist February. Great Britain lifted the greatest proportion of the catalogue, but Continental buyers were determined competitors and secured a fair share of the offering. America did noi buy much, the prices paid evidently being above her limits. Very •few lots were passed, and it can safely be said thai this Bale is'one of the best ever experienced in Otago, and again record prices 'for New Zealand this season were obtained. Following are comparisons between the February sale and to-day's:—

'1st. Feb. 8th March. ■ ■ d. d. d. Merino — Extra super . 20 to 28 % — • to 30 ■'Super ...... -2a to 25% 25 to 21! Average 21 to 22% 22 to'23% Inferior 19 to 21 21 to 22 Pino half bred— ■ ' • I Extra super . 20 . to 28% 2S to 30% Super 24 to 23% 2il to 27% Average .... 22% to 23% 24% to 25% Inferior .... 20 to VJ2 21 to 23% Medium halfbrcd— Extra super .'. 25'/, to 20% 24V4 to 20 Average, 21% to 22%' 22% to 24 Inferior 20 to 21'/, 21 lo 22 Coarse halfbred— Super 23 to 24% 24 lo 25% Average .... 21% to 22% 22% to 23% Inferior .... 10 tu 21 20 to 22 riue crossbred— Super 20 to 23% 22 to 24 Average 19 lo 19% . 20 to 21 Inferior : .:.. 17 to 1S% 18 to 19% Medium crossbred— . i Rimer ...... 18 to i!l% 20 to 22 'Avisrago ..4. 10% to 17% .17% to 19% .Inferior; .;... 15 to lOVi 10. to 17% Bellies and pieces: Merino— :.' Good to-super '2.1 ,lo 24% Xono offered Medium ....... 15% to 20 16% to 17% Halfbred— Good to super 21 to 24Vi 22 to 20% • Medium ' ..17, to 20 17 to 21 Crossbred— Good to.super IS to 22 IS to 22 Crutclilngs—Jled. to good'. 12 to 10 13 to 10 Inferior .... 7' to 11 8 lo 12 Locks'— Merino" .... 12 to 15VI None offered Halfbred'.... 9 to 12 <fl to 13% Crossbred .. 7 to 11 S to 12