WOOL DISPOSAL

Northern Advocate, 6 February 1934, Page 8

WOOL DISPOSAL

SECOND DUNEDIN SALE HIGHER PRICES OBTAINED. THE OFFICIAL EANGF,. t (Per Pr*»ss Association.—cooyn«ht.> ’ ■ DUNEDIN, This Day. The second wool sale of the season, held yesterday, was not characterised \ by {keen interest on the part of buyers. However, it is anticipated that the offering will, realise in the . , vicinity of £690,000. A good inquiry was evident for all classes of fine wool at rates in excess of those ruling at the December sale. The same could not be said of crossbreds, the majority of which met with dull bidding and lower values. Fine wools were from Id ‘to ( 1-Jd dearer, but -for crossbreds the general price ; level was from par to a shade easier ( than in December. The total offering was 30,308 bales and when the sale commenced there was a full bench of buyers, the Con* • tinent being strongly represented, with the usual buying strength from Britain, America, Japan and the local .mills. The sale for crossbreds was disappointing, particularly in view of the fact that the catalogues included the finest crossbred wool that the Dominion produces. Bradford buyers, ■ who exhibited most interest in this type of wool, were obviously operat- > ing under very strict limits, and as a result the general level of crossbred values was not up to that of thei December sale. I|h was estimated yesterday that the passings over all catalogues would average approximately -7i per cent, but private sales conducted subsequently and others that will be made today, may reduce the carry-over to 2$ per cent of the total offerings. The top price of the sale was 26-jd, paid for a line of extra super halfbred 56*58. Other notable figures for halfbreds were 25£d for a choice lot of halfbred ewe, 24*d for halfbred hogget, and 23$d and 22fd for‘medium halfbred, 50*56. These figures compare very favourably with the best at the December sale, when the top price was 22|d. The phenomenal prices paid for halfbred bellies, pieces and necks, is illustrated by the fact that a lot of super necks brought as much as the highest priced fleece at the December sale. Merino wool was dearer all round, although the top price for this class was only id in excess of the best .figure in December. It is estimated that the average price per lb yesterday was 15fd, as compared with the actual average at . the December sale of 13.89 d. The average per bale, yesterday has been estimated at £23 10/, compared with the actual average of £l9 3/6 in December. Yesterday’s estimated cheque, with £561,000 paid out on January 3, should bring the Otago wool cheque for the season up to £1,250,000, compared with loss than £500,000 for the two corresponding sales last year. The official range of prices at the Dunedin wool sale was as follows:

LocksExtra good toll Medium to good .... H?. to St, Inferior t to n ' ! . LOWER BASIS. P.RADEOTJD MARKET. (Roeoived 11 a.m.) LONDON, Eebrunry The Bradford market lias settled down on a lower basis, in sympathy with the decline in raw materials. There is more inclination to do busi-ness-with 64’s at 39d.

Merino — d. d. Extra super to Super. — 10 to 21 1 Average 174 to IS f} Inferior .16 to 171 Pino halfbred, 56—5S — Extra super to 264 Super 214 to 23 Average 10 to 21 18 Inferior .... 16 to Medium halfbred, 50 —56’sExtra super to 2.34 Super 204 to 221 Average. 184 to 20 Inferior m to 1/ Extra fine crossbred, 48—5C Extra super 's— to 20 .Super .164 to 174 Average 13 to 15 Inferior ] .1 4 to 124 Medium . crossbred, 46—48 — Super ' 124 to 14 Average 11 to .121 Inferior in to 101 Crossbred, 44^-46’s — •Super 104 to 12 Average o to 10 Inferior 74 to 84 Necks and pieces— Halfbred: Good to super .10 to 22;J Low to medium .... 14 to 174Crossbred; Good to super 14 to 16 ■ Low to medium .... 7 to 04 Bellies— Halfbred: Good to super 14 to .17 . Low to medium .... .114 to 134 Crossbred: Good to super 04 to 11 Low to medium 7 to 9 Crutchings— Good to medium .... 0 to 124 Pair to seedv to Si