DUNEDIN WOOL SALE

Grey River Argus, 10 February 1938, Page 4

DUNEDIN WOOL SALE

PRICES LOWER For Finer Lines [Per Press Association]. DUNEDIN, February 9. Following is the official report of the Dunedin Wool Brokers’ Association on the second Dunedin wool sale of the season, which was held to-day, when an offering of 30,128 bales was submitted to auction:— The bulk of the wool on sale consisted of finer lots from the back country, and this included some super lots of merino half-bred, and of corriedale breeds. Some of the clips from Tapanui and the South Otago districts showed their usual high standard, but a good proportion of the wools displayed, especially from North Otago and the coastal districts, did 'not have the same inviting appearance, much of it being dingy and tender. There was a full and representative bench of buyers, who however, were operating under rigid limits. The Continent were the chief operators, with Bradford also in the market. The local mills took a considerable number of suitable supei lines, but they were buying very carefully. Japan purchased sparingly The sale was inclined to be erratic and competition was quiet throughout. The passings were substantial The vendors’ reserves in many cases were at variance with the trend of the market. The passings would average approximately 17 per cent. Prices can be quoted at par on those ruling at the Invercargill sale for crossbreds. Finer wools, however, showed an easing to the extent of about a half-penny per lb on last Christchurch sale. The market showed a definite decline on the sale held here in December last, but this was, no doubt, accentuated on account of the heavier quality of the wools on sale. Fine wools showed a decline of from 2d to 4d per lb; fine crossbreds 2d to 3d; and ordinary crossbreds Id to 2d per lb. The sale for skirtings was considered to be good the prices for these showing not the same variation. Top prices realised in the sale were 191 d for three bales of Puketoi super merino, and 19d for two lots totalling 11 bales, of Mount Benger halfbred. Following is the official range of prices, with those realised at the December sale for comparison:—

Dec. d. d. Jan. d. d. Merino 64/70 60/64— Extra super to 191 to 191 Super 151 to 181 13 to 15 Average 131 to 145 11 'to 121 Inferior 111 to 125 9 to 101 Fine Crossbreds, 56/58’s — Extra sup. 18 to 221 to 19 Super 16 to 171 13 to 15 Average 141 to 151 11 to 121 Inferior 13 to 14 9 to 101 Medium Halfbreds, 50/56’sExtra sup. 151 to 165 13 to 14 Super 14 to 15 111 to 121 Average 123 to 135 10 to 11 Inferior 111 to 12 8 to 95 Extra Fine Crossbred. 48/50— Extra sup. 141 to 155 to 131 Super 125 to 14 11 to 12 Average 115 to 121 95 to 105 Inferior 10 to 115 81 to 95 Fine Crossbred, 46/48 — Extra sup. 131 to 141 111 to 121 Super 12 to 131 10 to 111 Average 11 to 115 85 to 95 Inferior 10 to 105 8 to 81 Medium Crossbred, 44/46— Extra sup. 121 to 125 101 to 111 Super 11 to 12 95 to 101 Average 101 to 105 8 to 81 Inferior — — 8 to 81 Merino Necks and Pieces— Super 151 to 121 Low to medium 10 to 1358 to 101 Halfbred Necks and Pieces Super 14 to 151 to 13 Good to super 11 to 131 9 to 101 Low to medium 91 to 105 7 to 81 Crossbred, Necks and Pieces— Super to 12 9 to 91 Average 9 to 10 81 to 85 Inferior 71 to 81 9 to 71 Crutchings, Halfbred — Med. to good 9 to 10?i 71 to 9 Inferior 7 to 8 61 to 7 Crutchings, Crossbred— Med. to good 8 to 101 7 to 81 Inferior 5 to 71 51 to 61 Locks — Merino to 51 . to 61 Halfbred 51 to 65 5 to 6 Crossbred 4 to 6 4 to 5