Keen Demand at Dunedin Wool Sales

Manawatu Times, Volume 63, Issue 63, 16 March 1938, Page 6

Keen Demand at Dunedin Wool Sales

CROSSBREDS EXCITE STRUNG COMPETITION Per Press Association. DUNEDIN, Last Night. The Dunedin Stock Agents and Woolbrokers’ Association report that the third wool sale was held to-day. Catalogues totalling 26,038 bales were offered to a full bench of buyers. The qualities of the wools auctioned were not up to the usual standard, line wools showing the effect of the severe winter and drought conditions. There was, however, a good selection of crossbreds of all grades. A pleasing feature of the sale was the keen general demand and although buyers were operating with strict limits the bulk of the wool was lifted by Bradford, Continental and Japanese interests. United States of America and Canadian orders were also evident, to a lesser degree, while local mills operated on lots suitable for their requirements.

The demand from Japan considerably helped the market and their representation lifted a good weight of halfbreds, good crossbreds and line pieces. It was noticeable, however, that the French demand was quieter for fleece wools, but the demand from that quarter was strong for skirtings. Local scourers were also active.

Iu comparison with the last sale in Invercargill crossbreds were a halfpenny dearer, while fine wools were firm in growers’ favour. Since the February sale held at this centre there has been a general decline in prices, but this decline was arrested at the northern sales and the market has now recovered and can be stated to be firm on February values for halfbreds and topmaking crossbreds. The coarse types of the latter can be quoted at a halfpenny dearer. Tho sale showed that there was a general desire on the part of growers to meet the market and this resulted in the bulk of the wool being sold at auction, and under 5 per cent, was passed. Th top price realised was 17£d for four bales of super halfbred grown by Mr. Charles Mitchell, of Outram.

Official Range of Prices. Feb. 9, Mar. 13, 1938. 1938. d. d. d. d. Merino, 05/70, 60/01 — Extra super — to 19£ — to 16 Super .... 13 to 15 13 to 142 Average .. 11 to 12i 11 to 12} Inferior .. 9 to 10J 9 to 101 Fine Halfbred, 50/58 — Extra super 19 to 151 — to 172 Super .... 13 to 15 13 to 15 Average .. 11 to 121 11 to 1 2} Inferior .. 9 to 10} 82 to 10 Medium Halfbred, 50/56 — Extra super 13 to 14 122 to 132 Super .. .. Ill to 12J 111 to 12-i Average .. 14 to 11 10 to 11 Inferior .. 8 to 92 82 to 92 Extra Fine Crossbred, 48/50 — Extra super — to 131 — to 14£ Super .... 11 to 12 11 to 121 Average .. 9| to 102 92 to 10£ Inferior .. 81 to 91 8-1 to 0k Fine Crossbred, 46/48 — Extra super 111 to 121 112 to 12-J Super .... 10 to 11-1 101 to 111 Average .. 82 to 9^ 9 to 10 Inferior .. 8 to 81 82 to 82 Medium Crossbred, 44/46 — Extra super 101 to 111 11 to 121 Super .... 92 to 101 92 to 102 Average .. 8f to 91 8£to 9 } Inferior .. 8 to 81 8 to 81 Merino Necks and Pieces— Super .... — to 121 — to 121 Low to rued. 8 to 101 Si to 102 Halfbred Necks and Pieces i— Super .. .. — to 13 Hi to 12 5 Good to sup. 9 to 10J 9 to loj Low to med. 7 to 8} 7 to 8i Crossbred Necks and Pieces— Super .... 9 to 9£ 9i to 10$ Average .. 82 to 82 82 to 9 Inferior .. 7 to 71 7 to n Crutchings— Halfbred: Med. to gd. 71 to 9 7 to 81 Inferior .. 6J to 7 6 to 6i Crossbred: Med. to gd. 7 to 82 7 to 9i Inferior .. 52 to 61 5 k to Locks— Merino .. 51 to 6£ — to 51 Halfbred .. 5 to 6 42 to d Crossbred . 4 to 5 4 to 5