WOOL PRICES

Hawera Star, Volume XLVIII, 23 December 1924, Page 5

WOOL PRICES

FIRST DUNEDIN ' SALE

SATISFACTORY PRICES. YESTERDAY’S PRICES, (BY TELEGRAPH —PRESS ASSOCIATION. DUNEDIN, Dec. 22. The associated brokers report that the first wool sale of the season was held to-day in the Burns Hall, when over 20,01)0, hales were offered to the largest 'bench of buyers <seen in a local sale rooms. Recent reports from Bradford indicated quieter trade, and with the recent London sales closing’.weaker than at the opening of their series, the reason for the, setback in . the last few sales in New Zealand became apparent to sellers. The Dunedin'' sale compared rather more than favourably with the last two or three soles just previously held.! In fact, buyers expressed the opinion that both crossbreds and halfbreds were ’ from par to per lb dearer: The bidding for crossbred® was very spirited, and also for special qualities of lialfbieds and pieces, but for the general' run of' halfbreds and merinos bidding was slow, though the prices paid in the eucl were generally satisfactory. American orders were not much in evidence, although no doubt a proportion of suitable' lots were taken for the United States of America. Continental operators,'\however, were very much in evidence, as though Bradford, as usual, secured the bulk of the offerings, competition from French. German and Italian buyers prevented wools being sold under, the .London equivalent: - Local mill bidding was of considerable help on lines suitable for their requirements. Naturally they /-prefer to buy as much as possible in the Dunedin sales. Bidding at times appeared to be erratic, aiicl it is difficult for sellers and their brokers to understand the differences in values made at times by buyers, this \ applying more to halfbreds and merino’s than to crossbreds.

The wool offered was superior to the general average submitted at the first sale of the season, and in growth and soundness showed the benefit of the last-’ extraordinary winter.. • A number of clips, however, showed the result of the drought, being dusty and earthy, no doubt due /to turnip land having received: .less than; the. ordinary rainfall. V The range of prices was as follows: Merino.—64-70 and 60-64 quality, extra .super, 36)d to 38jd; super, 33§d to 36d ; average, 30d to 43d; inferior, to29id. Fine crossbred.-—5 B-56 quality, extra super, 3od to: 36d ■, ■ super, 32£d to 36fd ; average, 29|d to 32d; inferior, 25d to. 28.) d. ‘ :

Medium halfbred.—so-56 quality, extra super, ,30)-d to 32d; super,_,2B.Vd to ■ 30d; average, 25-J-d to 28d; inferior, 23d to 2od. ,

Coarser halfbred:—4B-50 quality.: extra. super. 27§d : to 29d; super. 26d to 27d; average, 23d to 25|d: inferior, 21>d to 22|d. . " 'Fine crossbred.—46-48 . quality, super, 26d to 28d; average, 23d to 25 Id ; inferior, 20d to 22Jd. i . Medium crossbred.—44-46 quality, super 24d. to 26d ;• average, 23d to 234 d: inferior, 19? d to 21 id' ’ Bellies, and pieces.—Merino, good to super pieces, 24d tri. SOId;/ merino, low to medium pieces, I9d ,to 23d: merino. low to . medium bellies, 16%d to ; 18kl; halflired, good to super nieces, 2ld to 30d ; halfbred, . good to super bellies, 19d to 23d: halfbred, low to medium pieces. 18d to 23-kl: halfbred, low to medium bellies, 164 d to .21-)d; crossbred, good' to -super pieces, 19d to 23d p erosdired. good to surer bellies: 17d to 2Qd ■ crossbred, low to medium pieces. 16d to IPd: crossbred, low to medium bellies 15d to 16] d.

C^it^hinsrs.—Medium to good, 14d t o 18 Id • criitchings, inferior, to seedy, ID'l to 13! d.

Locks.-r-Meriuo. Tjy t l to 15’cl: halfbrod. lid to 14|d: crossbred, 8d to 12d.