WOOL MARKET
SECOND DUNEDIN SALE
LOCAL MILLS ACTIVE
RESTRICTED COMPETITION
(By Telegraph—Press Association.)
DUNEDIN, February 6.
Today's wool sale was a limited one, the Wool Committee's allocation being 25,000 bales. The catalogues auctioned totalled 25,306 bales. A full bench of buyers was present, ; all purchasing countries being represented.
From the commencement of the sale until its close, it was noticeable that the bidding was only spirited on super wools; and generally competition appeared t6 be more restricted .than at the previous sale held in Dunedin during December. Although the market waa steady on other sales held during January throughout New Zealand, the sale, on the whole, was not considered to be equal-to the December sale. .' ■ -.•■."'■ ... ..jr* Competition in today's sale came chiefly from New Zealand mills, the Continent; and Bradford, the bidding from the latter being on strictly defined limits. France was the chief competitor from the Continental section, buying freely fine fleece wools and fine pieces. Both Germany and Japan were in evidence, but only for limited quantities. ,-. ■ A pleasing feature of the sale was the strong competition from the New Zealand woollen mills for super wools suitable for their trade. They bid freely on any lots in which they were interested, and were instrumental in raising the values, and purchased the bulk of the stylish fine halfbred and merino clips. IN HEAVY CONDITION. Catalogues submitted to the auction contained a large percentage of fine wool from station clips,' less super crossbreds being offered than usual. The wools generally were heavy, in condition,'being later shorn, and in some instances there was evidence of seed, owing to the-dry season. Super lines of fine wool from stations were suitable for the local mills, but the bulk of these clips was of Continental and Bradford type. .Most of the fine pieces offered were very, heavy in condition and also showed signs of seed.' ' '[■'■.' In comparison with the previous sale held at this centre during December the only firming noticeable was for outstanding lots of extra . euper halfbred and merino. These were specialty lots for which this centre is noted. Super halfbred wools were on a par with December rates, while for. average and medium qualities the market was irregular. Hogget wools of both halfbred and crossbred quality were easier than December prices. .Crossbreds were also barely equal to the last.sale held here,■ excepting for "choice lots. Bellies and pieces. we're weaker ,but in a number of instances the low prices were on account of the heavier quality, owing to growers' reserves being on the high side. ;, ■ . . ■ The percentage of passings was greater than at the previous December, sale, amounting to 8 per cent, to 10 per cent, of the total offering. TOP PRICE 15% d. The top-price realised, on the sale was 159 id for four bales of super combing fine halfbred ewe and wether wool grown by Mr. G.-'H: Elliot, of Mount Benger. This grower also realised. 15% d for four bales of super halfbred and wether, and 15% d was''also obtained by Mr. H. Armitage, of Teviot, for 15 bales of super halfbred ewe. Several lots of' halfbred realised 15d, while this price was also obtained for merino wool on account of Mr; Robert Jopp, of "Moutere." . RANGE OF PRICES. The following is ■ the official range of prices compared with the December sale:
'-' 4 ■ ■ Deo;; 1934;- Feb., 1935. '■'■>■ •■;-'::--; ..-■.•• ,-di-.:.. d. .. d. .-.-: d,j. Merino: Extra super .. ' to 14% = to 15% Super ....... 12 to-13 H to 13' Average 10 to 11- 9 to 10% ; Inferior--..■-...;• "8- to 9; 8 to 8% Fine hajfbred, 56/58: Extra super .. to 14% 13 . to 15% Super .11 to 12% 10% to 12% Average ..... 9% to 10% 9 to 10% Inferior .:... 8% to 9% 8 to' 8% Medium half bred, 50/56: — Extra super .. to 13 12 to 13 'Super. ; ■ i.:.... 10% to 11% 10 to 11% Average .... 9 to 10 8% to 9% Inferior ..... 7% to 8% 7 to 8 Fine crossbred, 48/50: ...'■' : Extra super . toll to 10% Super ....... 8% to10 8% to 9% Average .... 7% to 8% 7 to 8 Inferior .... 6 to 7 to 6% Crossbred, 46/48: ' ■•'.'. ; Extra super .. to 10 to 9 Super ........ ,8 to 9 7 to 8 .Average .... 6% to 7 6. to 6% Inferior .... 4 5 to ,6. 5 to 5% Medium crossbred, 44/46: Super 7 to 8 6. to 7% Average 5% to 6% 5 to 5% Inferior .... 4% to 5 4 to 4% Half bred necks and pieces: Good to super 9 to 11% 8% to V)V> Low to med. 5 to 8 -5 to 7% Crossbred necks and-pieces:. ' L Good to super 6 to 7% 5 to 7 Low- to med. 3 to 5 3. to 4% Halfbred bellies: ' ; Good to super 7 to 8% 6% to 7% • Low ■ to med. 4% to 6 4 to 6 Crossbred bellies: ; ' Good to super 5% to 6% 4% to 5% Low to med. 3 to 4% 3 to 4 , Crutchings: ... i Med.to good 4 to 5% 5 to 6 Inferior .....: 2% to 3 2% to i Locks:— - Med. to. good 3 to 351 3 to 4 iDferior ..... 1 to 1% 1% to 2%
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Bibliographic details
Evening Post, Volume CXIX, Issue 32, 7 February 1935, Page 4
Word Count
853WOOL MARKET Evening Post, Volume CXIX, Issue 32, 7 February 1935, Page 4
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