WOOL IN DUNEDIN

Evening Post, Volume CXXVII, Issue 92, 20 April 1939, Page 12

WOOL IN DUNEDIN

BRADFORD SUPPORT

MARKET UNDER A CLOUD

(By Telegraph—Press Association.)

DUNEDIN, April 19. The fourth and final wool sale of the 1938-39 season was held in Dunedin today. The issue had been clouded by rumours of boycotts and curtailments, but it was the_ larger issue of international complications which actually communicated .to today's auction the unfavourable aspect which it presented. CROSSBRED DEMAND. The official report states that 24,473 bales were offered, and adds: — "From the outset till the close of the sale competition was very erratic. Choice lines of fine -wools were m good demand, specially when required by local mills. The sale, however, for average and inferior merinos and half-breds was very disappointing, limits for this class of wool showing a marked reduction on the previous Dunedin sale. "Crosbreds were in good demand, specially for stylish lots, and hoggets came in for particular attention. Some grades sold at the best price for the season. The same attention was not paid to medium and inferior quality crossbreds, which were hardly up to last sale's quotations. The demand for skirtings varied according to the quality. Fine descriptions were weaker in sympathy with fleece, but crossibred skirtings sold particularly well. I FINE WOOLS PASSED. "The mainstay of the market was Bradford, who purchased a big weight of the offering, with France, Belgium, and Germany buying moderately. Limited orders were also on the market for the United States, Canada, and Japan. Local mills operated on the best halfbreds and merinos and choice lines of skirtings. Australia also was buying a few lines of crutchings. "The poor sale for fine wools accounted for the bulk of passings, which were approximately 10 per cent. Top price of the sale was 14-|d for a fivebale lot of first halfbred, grown by Mr. R. Sutherland, Kaihiku." COMPARATIVE PRICES. The official range of prices is:— March 16, April 19. 1939. 1939. d. d. d. d. Merinos— Extra super . 14% to —■ ■ —• Super 12 to 14 10% to 12 Average ... 10 to 11% 9% to 10% Inferior ... 9 to 9% 7% to 9 Fine halfbred, 56/58's— Extra super . 14% to — 14% to — Super 12% to 14 12 to 13% Average 11 to 12 10 to 11% Inferior 9% to 10% 7% to 9% Medium halfbred, 00/56's — Extra super . 13% to — — Super 12 to 12% 11 to 12 Average 10% to 11% 9% to 10% Inferior 9 to 10% 7 to 9 Fine crossbred, 4S/50's— Extra super . 12Vi> to — 12 to 12% Super .... 11% to 12% 11 to 11% Average 9% to 11 9% to 10% Inferior 8% to 9% 7% to 8% Medium crossbreds, 46/4S's — Super ...... 10% to 12 10;' to 12 Average .... 9% to 10% 9 to 9% Inferior 8 to 9% 7% to 8% Crossbred, 44/46's— Super 10% to 11% 9% to 11 Average .... 9% to 10 8% to 9% Inferior 8% to 9% 7% to 8 Merinos, necks and piecesSuper 10 M. to 12% 9% to 10 % Low to mcd. 8 to 10 7 to S% Halfbred, necks and pieces— Extra super . 12 to — — Super .. 10% to 11% 9% to 11 Good to super 8% to 10. 7% to 9 Low to mcd. (i% to 7% 5% to 7% Crossbred, necks and pieces— Super 9 to 10% 8% to 9% Average .... 7% to S% 7% to 8 Inferior .... 6 to 7 6 to 7 Halfbred crutchings—■ Med. to good 5 to 7 5 to 6 Inferior .... 4 to 4% 3% to 4% Crossbred crutchings— Med. to good 6 to 8 6% to 8% Inferior ... 4 to 4% 4 to 6 Locks— Merino .... 4 (0 5% 3% to 4 Halfbred ... 4% to 5% 3% to 4% Crossbred .. 3% to 4£ 3% to 4 "