WOOL SALES

Hokitika Guardian, 10 February 1938, Page 2

WOOL SALES

DUNEDIN’S SECOND OF SEASON

(Per Press Association —Copyright).

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 df buyers, who 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 super 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. Thte 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 halfpenny per lb. on last Christchurch sale.

The mark,(yt 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 Amriation. Top prices realised in the sale Avere 19Jd for three bales of Puketoi super merino, and 19d for tAvo lots totalling 11 bales, of Mount Benger halfbred.