WOOL STEADY IN SOUTH

Manawatu Times, Volume LXIX, Issue 2564, 23 December 1924, Page 5

WOOL STEADY IN SOUTH

First of Donedb Series

LATE RATES MAINTAINED [Per Press Association.] DUNEDIN, Last Night. The Associated brokers report that the first wool sale of the season was held to-day in the Burns Ball when over 20,000 bales were offered to the largest bench of buyers seen in a local sale. Recent reports ffom Bradford indicated thart; trade was quieter and with recent London sales closing weaker than at the opening of the The” reason for the set back in the last few sales in New Zealand became apparent to sellers. The DiVnedin sale Compared rather more than favourably with the last two or three sales just previously hold. In fact, buyers expressed the opinion that both crossbreds and halfbreds were from par to id. per lb. dearer. Bidding for crossbreds was very spirited and also for special qualities of halfbreds and pieces, but for the general run of halfbreds and Merinos, bidding jvas slow, though prices paid in the end were generally satisfactory. American orders were not much in evidence, although no doubt a proportion of suitable lots was taken for the United States of America. Continental operators, however, were active, and though Bradford, as usual, secured the bulk of the offerings, competition from French, German and Italian buyers prevented the wools being sold under their London equivalent. The bidding of local mills was of considerable help oil lines suitable fOr their requirements. Naturally, they prefer to buy as much as possible in tho Dunedin sale. Bidding at times appeared to bo erratic and it is difficult for sellers and their brokers to understand tllo differences in values made at times by buyers, this applying more to halfbreds and ‘Merinos 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 tho benefit of the last extraordinary winter. A number of clips however, showed results of the drought, being dusty and earthy, no doubt due to turnip land having received less than the ordinary rainfall. Prices:—

Merino, G4/70, 60/64; Extra super 3G5d to 3Sicl; super 33S to 36d; average 30d to 43d; inferior 281 to 29£d. Firie crossbred, 58/SC: Extra super 3Bd to 33d; super 32Jd to 36|d; average 29 J to 32d; inferior 25d to 28*d.

Medium halfbred, 50/56: Extra super 30Acl to 32d; super 281 dto 30d; average 2Btd to 2Sd; inferior 28d to 25d.

Coarser halfbred, 48/50: Extra super 27id to 29d; super 2M to 27d; average 23d to 253 d; inferior 21 id to 22? d. Fine crossbred, 46/48: Super 26d to 2Sd; average 23d to 25sd; inferior 20d to 22Jd. Medium crossbred, 44/46; Super 24d to 26d: average 23d to 233 d; inferior 19td to 21$d. Bellies and pieces: Merino, good to super, pieces, 24d to 30Ad; Merino, good to super, bellies, 19d to 25d; Merino, low to medium, pieces 19d to 23d; ‘M'erin’s low fo medium, bellies, 163 to 18Jd. Halfbred, good to super, pieces, 24d to 30d; good to super, bellies, 19d to 23d: low to medium, pieces, ISd to 23J.d; low to medium, bellies, 16Jd to 2lid. Crossbred: Good to super, pieces, 19d to 23d; good to super, benies. 17d to 20d; low to medium, pieces, 16d to 13d; low to medium, bellies, 15d to 164 d. Crutchings: Medium to good, 14d to 183 d; inferior to seedy, lOd to 13Jd: Bocks: Merino, lt|d to 151 d; halfbred lid to 14 |d; crossbred 8d to 12d.