DUNEDIN WOOL SALES

Evening Star, Issue 20055, 21 December 1928, Page 7

DUNEDIN WOOL SALES

PROMISING OPENING THIS MORNING CONTINENT BUYING LARGELY VALUES FULLY MAINTAINED. The first wool sales of the steason by . e Dunedin Stock Agents’ and Woolbrokers ’Association began in Burns Hall this morning and were invested with much interest, there being a full bench of buyers and a largo attendance of growers and others in the gallery, ‘ The total •offering by the seven selling firms was 22,664 bales, or 2.016 more than at the first sales here last season. WRIGHT, STEPHENSON, AND CO. This firm began selling at 9 a.m. sharp, and, owing to the readiness of bidders, got through its catalogue of 6,713 bales by 10.60, fully 90 per cent, being sold under the hammer. Representatives of tho Continent were exceptionally eager, and bought freely. Bradford buyers came in occasionally. Japan did not seem to be in a purchasing mood. Bidders on behalf of the local mills Were quite keen about good lines suitable for their own trade. The general tone throughout this sale was decidedly animated. The top price of 24Jd at sale was Obtained for a line of beautiful wool consisting of seventeen bales first half-bred wether grown by Gibson Brothers, of Onslow Downs, Toviot. Cross-breds were keenly competed for, especially those of fine quality, at rates on a par With those ruling at the Christ mas tide sales hero last season. Merinos wore not so much in demand. The ' est price got for this class by Wright, Stephenson, and Co, was 22d. Necks sold exceptionally well, up to 2T|d. Taken as a whole, the prices at this the first of tho seven sales to-day were equal to and in some cases better than those obtained here a year ago, and slightly superior to the prices at Timaru and elsewhere in the north this season, this being attributable to the fact tnat the wool offered hero shows more growth and is heavier in condition than the northern wool; so it may be said as a summing up of W.S.’s sale that.the values were fully maintained. MESSRS DALGETY AND CO. The second largest offering of the sale was put forward by Messrs Dalgety and Go., who had 5,030 bales for disposal. About 90 per cent, of the offering was .realised at prices which wore regarded as very satisfactory, and which were up to recent rates in most cases. There was a good deal of erratic bidding, particularly for hogget wool, but pieces showing any quality brought extraordinarily good prices. Half-bred pieces made up to as much as 21-id; Tho Continental buyers were tho principal supporters of the sale, Bradford limits not being so high. Bradford buyers mostly sought three-quarter-breds and cross-breds. It was found difficult to dispose of any clips showing heavy condition. Merino was hard to sell. The top price of the sale was 24jd for three bales of super, half-bred from Strath-Clydo. Four bales of super, halfbred hogget brought the satisfactory price of 23d. Super, half-bred brought from 21 |d to 2t|d; medium half-bred from 20d to 2Ud; inferior half-bred from 17i]d to 19£d; super, threo-qnarter-bred from 19d to 21id; medium tliree-quarter-bred from 17£d to 18jd; super, cross-bred from 16|d to 19d. For super, merino from 20d to 22d was realised.