WOOL IN DUNEDIN

Evening Post, Volume CXXIII, Issue 35, 11 February 1937, Page 12

WOOL IN DUNEDIN

BRADFORD LOWER

JAPAN TAKES SUPER WOOLS

(By Telegraph—Press Association.) DUNEDIN, This Day. ' Tha second Dunedin wool sale for the current season was held yesterday, when approximately 30,300 bales were offered. : The quality of the offering was generally good,' although- all the catalogues comprised-a bigger proportion .of-high country fine heavy-conditioned wools than those offered at the first sale. There was a good' display of South Otago crossbfeds .which opened up in excellent condition, being very bright ana well-grown.; ?iood competition. ensued for all varieties of wool, although the buying on Bradford account was noticeably restricted. Several Bradford buyers who usually can be expected to lift a good weight 'of wool bought practically nothing, but to compensate for the absence -of Yorkshire support, Japan again came into the market for good to super wools in both crossbreds . and halfbreda.. The French section ■^competed strongly ,for pieces and 'bellies, and for-all grades of fleece ' wool. Local mills were keen buyers of fine • wools and, as usual, accounted for the .• top prices realised. ■- ■ There was also some important buying, chiefly of good crossbreds, on account of the .United States of America. Whilst the re-entry of Japan into the i market made a considerable difference . to the general level of values, it was ■ apparent to observers that, they were • operating on lower limits for the fine ; .crossbreds and halfbreds than at the I December sale in this centre, and prices for these wools were from Id to ljd ; lower, the decline being most noticeable on the extra super wools and ■ average to inferior halfbreds. Crossbreds; on the other hand, were definitely firmer than the December , rates showed to the extent of about Id per lb on average, particularly for • the coarser varieties. ■ *■ . Pieces and bellies, which were bought ; mostly by. the Continent, showed but . little change when' compared with the • December rates, and, if anything, were firmer. - Passings, which were rather more ; numerous than at the first sale, would ■ not amount to more than 5 per cent. ■ of the total offering, and of these passed- • in lines probably the bulk would be • sold after the sale. The highest price for the sale was ; 26|d per lb, obtained for a top line of ■ "Hilltop" from the Roxburgh district; 1 and ,26Jd per lb was paid for "Clover • Downs," from the Palmerston South ; district. Several other Roxburgh brands sold at from 25d to 25Jd per lb.