DUNEDIN WOOL SALES.

Otago Daily Times, Issue 20906, 21 December 1929, Page 11

DUNEDIN WOOL SALES.

LARGE CATALOGUE OFFERED. PRICES SHOW BIG DECLINE. The first sale is Dunedin for this season took place in Burns Hall yesterday when catalogues in the following Order are re submitted:— Bafes. Dalgety and Co., Ltd. .. .. 4828 National Mortgage and A. Co. 2830 Wright, Stephenson and Co. Ltd 5300 Stronach Morris and Co., Ltd.- 1868 D. Reid and Co., Ltd 2155 Otago Farmers’ Co-operative Association 1600 New Zealand Loan and Mer- * cantile Agency Co., Ltd. 1542 20,122 A total of 22,567 bales was submitted at the corresponding sale last year. There was the usual full bench of buyers though it waa noticeable' that local speculators were practically absent. The wool opened up, considering the season, in fair condition, but as a whole it was not in as good order as last year due, doubtless, to snowfalls in the winter and a dry spring followed by very showery shearing weather.

The market, as was expected, showed a serious drop in values, and until the sale came on few growers realised how great bad been the fall.

Terrific losses amongst woollen manufacturers and wool traders throughout the world, leading, apart from other circumstances in the financial world not connected with- the wool trade, to financial stringency, has cramped operations and destroyed confidence. Coupled with these troubles the growth of demand for artificial textiles, the production of which is now estimated to be equal per annum to 3,000,000 bales of wool, has had a depressing effect on wool trade. Consequently, those interested are not surprised at a fall in values, but few expected it to be_ so severe and many fear the pendulum is beginning to swing too far over towards the buyers’ side. Certainly at present prices and bearing in mind costs of _ everything pertaining to wool growing, including rates, rents, interest, and taxation, one feels that even now the average of prices paid is down to, if not below, costs of production. Efforts are being made to steady up the, market by extending the season and limiting offerings, bnt this suggestion has to cablea, met with sympathetic response from Bradford. Bidding yesterday was fairly well spread, although as usual Bradford buyers took the bulk, but fair quantities were taken for Continent—particularly l pieces and bellies—and probably a small quantity for America. A buyer for Russia was operating and his bidding was particularly useful in fine halfbreds. On the whole prices yesterday can be quoted as fully up to the basis of the sale m Timaru on the I6th inst., with a tendency towards sellers’ favour, but it seemed to many that the quantity marketed was rather more than the buyers had orders for.

London prices at the moment are no potter than those here and the tendency there, from reports received, seems to be doiynwards. The following is the range of values compared with the December sale in 1928,

Dalgety and Co., Ltd., sold:— Merino.—Birchgrove, 22 bales 12d; Two Mile, 10 12d; FI, 13 15d; Queensberry Hills, 8 12d; R in circle, 8 12d; bin wool, H 5, 4 123 d; Glendhu. 3 13d; Cecil Peak, 21 13d; bin wool A 3 12d.

Halfbred and Corriedale.—CG over C, 12 bales 13|d, 7 Hid; TT conj.. 5 14d; ■ /ZX, 3 12Jd; Garston, 4 12Jd; Hinerooa, P. 13Jd; Kite/Dunard, 10 14d: 13 HJtl, 713 J; Deepdell, 7 14Jd; The Gums. * 13*d; Wilden, 19 16d; Elliotvale, 4 12Jd; Thora, 7 12Jd; NH in diamond l Norraanvale, 7 15jd; 30 HJd 16 15d 5 13Jd; IS, 11 14d, 6 131 d, 8 15d, 5 Hid; Dabnam, 6 15d; TC/Stratholyde, 3 15d, 3 J£Jd> 6 Hid. 5 13Jd; 82/Roxburgh, 6 12Jd; Onslow View, 6 Hid, 5 13Jd, 5 13d: FP/D in diamond, IB 353 d, 8 12Jd; Glenfalloch, 5 12Jd, 5 13d; The Gums, 7 14}d. 7 lod, 5 Hid; Clover Hill, 5 13d; Heart/ Wawera, 31 12Jd; Z 3, 5 HJd; Hectors. 6 12Jd; 9 14Jd; bin wool, A 3 9 13d; JH conj./Greenbank 0, 12Jd; 6 12Jd; JW/ Edenbank, 5 12Jd; Laudervale.-5 123 d: Hoof, 11 Hid: 7 Hldr Matakanui, 16 Toil’ B HW: Victoria Hijl, 6 1 ® 3 15id; bin wool, AA £ 13Jd; Weta. 7 13Jd; Wilden, 13 15}d- „ Croasbred.—27. 9 bales lOJd; 000. * 7 10i a ; 4 „ 10Jd: X ’ 5 10 id; Craigifb % \°A d j G T a l 6 4 Hid; Weta. 8 Hid, 7 10Jd; Jubilee, 10 Hid, D loldi 1 1 ,°J d V XL . 6 HJd; M 7. 4 ii?j O over eyebrow rev., 5 Hf. d » J R coni-. 5 14d, 8 12d. 5 lid: Elliotvale, 6 11 jd; Clover Downs, 4 12d; Thora, 7 lOJd; Dalmain, 8 12d: JC 5 103 d; TC/Strathclyde, 5 13§d, 7 Hid’ 0 Ilk 4 Hid, 4 Hid; Nithdale, 9 Hd? Fp /H in diamond, 8 12Jd, Glenfalloch, 6 lOJd: IK 9 13Id I m 6 11 JdjVf, 4 103 d; oVerbS tw/pi Heart/Waiwera, 10 lid, 4 10id; JW/Edenbank, 14 lOJd; —/OL, 10 Hd?iSajrsi f„Hd; Rathenvalc, 4 lid; ED'. 4 ,l?^ d : Kunwao, 13 Hid, 4 lid 8 30 i lid; Downs. 1011id.512d;binwooI,B5, 20 Hid: bin wool, 86, 14 lOJd; bin wool, 87, 10 103d' WO u-’ Hid; bin wool, C 6, 15 1, , E6 ' 4 10 ? d i bin wool. 4 iIL °4 d; inu W^/ 5 llld: B««*vaK |oV§d: O/EyebSw' rev.. 3 lofd--7 , 11 J d > 0 Hd; EJN/O 4 fi !”.™'. Hid: bin wool, L. linAcoi EE 2 n mi "T? 1 E - 24 10 J d : IOJd ° 0 ’ EE * 13 11 - d; bln IvooI > GG. 11 Merino Necks and Pieces.—Birchvrovc 8 H d; Two 6 12d; and Birchgrove, 10 Hid: Cecil Peak 33 11 | d: Group, 84, 5 9Jd. ’ 14 Halfbred and Crossbred Necks and IvMTtnS* 3 ’ i o id: Kite/Dunanl r , d ' Wilden, 4 12Jd, 6 10d: TC/Strathi 4 y 93d- 4 ■W l ' d f/w Dd ' FP/,D in di amond, 4 3«d, Heart/Waiwera, 6 101 d: JW I. Edenbank. 8 9d;-/ p 4 93d; XX, lOOJd; T?vo Mile. 6 12d; JH conjoined/Greenx? ® Hid; Anise Hill/TD, 4 9Jd- ® HJd; Var. Group A, 12 Vo d: ,T a ni G ?? up 4 1 * 12 9 id; Var. Group A2, 10 Od; Var. Group A 3, 4 lOd; Var! Group A 4, 9 9d; Var, Group A 5, 5 9d* X a . r> . G . roup A7 < 8 °d; Var. Group 85. 6 9Jd; bin wool SS, 4 Hid; bin wool i’T T° o 1 UU - 18 Sid; bin wool XX. 6 10}d; bin wool YY, II 9Jd. Donald Reid and Co. sold:— Halfbred and Corriedale—37 in triangle, 5 bales 14*d; Sesame, 7 12Jd; Triangle and stroke, 4 133 d; HB in circle 7 121 d; X over Fairvue, 20 loti, 14 131 d. 6 Hid; 22. 9 12Jd; D bin, 3 134 d; SSS lin, 6 13id.

Crossbred. —"V crossed, II bales 10d: XO, o lid; Lauriston, 4 10}d; X, 7 lid: Limesprings. 5 lOid; Brassknocker. 4 104 d; Z with stroke. 5 lid; Marrell, o ll|d; Glehavon, 7 10id; A over bar, S) Hid; 37 in triangle. 8 IDid; iloyola. fi

lid; QQ in square, 8 lOjd, 4 10Jd;' > R reversed S, 7 H4d: Wine Cup. 5 10id. 4 lOjd; FP, 4 H4d; 2R, 5 lid; 77, 7 10%d; Lynwitg, 4 104 d; Chartlea Park, 4 10|d, 5 10id; Circle between strokes, 6 104 d; WJS, 4 ll%d; W 3. 6 104 d; HB in circle, 10 llld, 10 lid; BT, 3 103 d; Lilillan, 7 103 d; Blythbank, 5, 10id; GO, 5 lid; X, 5 H4d; K bin, 7 Hd; J bin, 49 103 d; MMM bin, 8 lid; S bin, 16 lid; T bin, 35 lOJd; V bin, 15 10|d; Y bin, 51 lid; WM, 7 ‘lo4d; Strathavon, 4 lOjd. Halfbred Necks and Pieces.—Mt Allan, 6 bales 10id; JW over R, Q 84d; 22, 5 9Jd; JH, 4 9sd; ,BB bin, 6 104 d. Crossbred Pieces.—Bin MM, 14 bales Sid. Wright, Stephenson, and Co. sold;— Halfbred and Corriedale. —S rev T, 4 bales 123 d; Alta Vady, 4 123 d; Chestermains, 8 12Jd: Tiroiti, 4 123 d, 10 123 d; Balgove, 13 123 d; Cross, 10 123 d; Challenge QQQ, 14 12|d; Deepburn 3. 8 123 d; Onslow Downs, 7 123 d; Mayfield, 7 12Jd; Mt Benger ME, 7 12id; Challenge B, 11 124 d: HH, 5 124 d; Belmont. 16 134 d; DD, 7 131 d; Perivale, 4 12id; Onslow Downs, 8 121 - Fine Crossbred. —Avonrath, 7 bales 133 d; JHT, 6 123 d; Horsehoof, 14 121 d; PD over Isla, 5 121 d; J reversed. 4 12 Jd; over IS, 5 12%d; Clifton Downs, 6 12d; 61. 7 12d. Halfbred and Corriedale.—Treliske, 11 bales 154 d; Onslow Downs, 9 153 d; DR, , 10 154 d; Challenge C, 25 14|d; Challenge ! R, 24 143 d; Perivale QQQ, 14 14Jdj lona, 1 8 143 d; Mount Benger over ME, 6 144 d: Deepburn over 3, 4 144 d. 6 144 d; Boi- 1 mont, 4 144 d, 6 14%d; SF, 17 144 d, 7 143 d; Waiteatua, 6 141 d; Kotiti, 10 141 d; Perivale, 4 143 d, 4 14d: OR 5 14d; Ormaglade, 14 J4d; lona, 5 14d; Mount Benger over ME, 17 14d.

Crossbred.—Challenge E. 17 bales Hid; 88, 10 lid: JHT, 6 Hd; Ecimore, 4 lid; JN over KE, 4 lid; Challenge F, 8 lid; JWB, 4 10|d; Challenge E2, 11 lOJd: DR, 4 lOJd; Challenge J, 41 lOJd; Challenge O, 18 lOJd; Challenge S, 47 10id; Horsehoof, 4 10id; Chestermains, 7 10id; FM, 5 over KH, 7 104 d; Alta Vady, 34 IOJd. Crossbred Necks and Pieces.—Horsehoof, 7 bales Ojd; Challenge 11, 41 9Jd; Challenge JJ. 14 84d; triangle over RW, 4 Sid; Coombe Hay Estate, 4 BJd; Alta Vady, 13 Bjd; Challenge FFF, 19 Bid; IF over Goodwood, 4 81d; Horsehoof. 6 Bd.

Halfbred Necks and Pieces.—Onslow Downs, 5 bales Hid: Phoenix. 5 104 d; Challenge UU, 16 lOJd; Challenge ZZ, 29 10id: GDB over Arrow, 4 10id; Challenge TT, 8 lOd; Taicriside, 14 9|d; Belmont, 5 93d; Challenge 88, 2 9}d; Onslow Downs, 6 9Jd; Rosencath, 5 9W; Kotiti, 6 9id.

HALFBRED AND CORRIEDALE. The Otago Farmers’ Co-operative Association sold:—

Halfbred and Corriedale. —CB in bales 16 d, 20 15icl, 5 15id. 6 HJd; Cl over OFCA, 6 I5ld: JI over OFCA. 6 14id; AAI over OPCA. 7 133 d; Strathavon, 4 164 d; Moana, 4 14d, 4 12id; TH (conjoined). 5 15id: 3X, 4 ; VJ, 4 i4sd, 4 14id; KI over OFCA, 4 13d; Of over OFCA. 10 WP ; 6 124 d. Fine Crossbred.—WP, 5 bales 114 d; J 6. 4 12id; TH (conjoined), 5 12d; LB, 4 Hid; Caldervan, 4 lUd; ZNI over OFCA, 7 124 d; DI over OFCA. 6 13d; FI over OFCA, 5 Hid; PI over OFCA, 17 12d.

Crossbred. —MC over Ivybridge. 4 bales 10id;- Moana. 5 Hid; 88, 4 10id; T?B over C, 6 101 d; AB (conjoined), 7 I0id; K. 5 lOJd: A2, 4 10id: WB over bar. 4 10fd; WM. 3 I2d. 4 lOJd; 3X. 4 Hid; CA, 5 lid; C2 over bar, 4 Hid; RW, 4 Hd; Redan, 6 Hd; El over OFCA, 17 10|d; MI over OFCA. 12 HJd; RI over OFCA, 22 Hid; EEI over OFCA. 14 Hd. Halfbred Necks and Pieces. —CB in square. 4 bales 10id. Crossbred Necks and Pieces.—AAAl over OFCA. 8 bales 93d: CCCI over OFCA, 12 8d: DDDI over OFCA, 9 BJd; GGGI over OFCA, 9 od.

The New Zealand Loan and Mercautile Agency Co., Ltd., sold:— Halfbred and Corriedale. Eversley. 4 bales HJd, 5 13Jd; Fuchsia Creek, 5 14id; Blackcap, 6 llid; Diamond, 4 12Jd; C over WT, 4 12jd; cross 1 over H. 6 Hid; Triangle, 5 12Jd: EH, 12 12Jd: M 3, 5 13d, H Hid; Conepeaks, 14 124 d; KC, 8 HJd; NZL Bins, 6 13id, 18 13d, 25 12d, 13 HJd.

Fine Crossbred. —Brookside, 4 bales Hd; Hydeholme, 9 Hd; Diamond, 4 10Jd; JH in Circle, 4 IOJd, 3 13Jd; Clifton Falls, 10 10Jd; A 5. 8 10Jd, 80 Hid; GG. 4 lOJd; Circle, 7 To3d; Hopehifl, 7 HJd, 8 lOJd; Eversley, 4 HJd. 4 Iljd; Bow and Arrow, 4 lOJd; Saddle Park, 3 Hid; BT, 4 HJd; JF conj., 4 IOJd, 4 lOJd; Triangle over bar, 4 lOJd; PM, 6 Hid; A under Eyebrow, 6 Hid; M 3, 5 lOJd; KC. 6 lOJd; Mata Mata, 5 Hid, 4 lOJd; NZL over Bins, 20 Hd, 30 IOJd, 24 IOJd. Crossbred.—lll, 18 bales 9Jd; Diamond, 4 9jd: JII in Circle, 4 9|d; Hickfield, 8 10id. SO, 4 10id; GG, 4 93d; Circle, 4 10d; Hopehill, S 10id, 4 lOd; Bow and Arrow, 4 lOd; Saddle Park. 4 lOJd; JF conjoined, 5 9Jd; PM, 3 lOid; M 3, 6 lOid; KC, 6 lOJd; AM over O,

0 93d; Y2, 8 lOd; Z 7. 5 Hd, 4 lOJd; Mata Mata. 4 lOJd; NZL Bins, 19 10id, 33 93d, 28 lOd, 4 93d, 16 lOd, 30 9Ad. Halfbred Pieces.—RH, C bales 103 d; M 3, 4 9d, 5 9d; Geordie Hill, 6 8d; NZL over Bins, 7 HJd. 13 lOd. Crossbred Pieces.—Hopehill, 4 8d; Eversley, 4 Sd; Mata Mata, 5 BJd; NZL over Bins, 6 9*d, 22 BJd. The National Mortgage and Agency Company sold: — Halfbrcds. —Teviot over LT, U bales lod, .3 14Jd, 4 ]4d; H! in Diamond. 5 14(3; Loganbrae. 3 14d; Carlowrie, 4 133 d; Bin B. 3 13Jd; L in Circle over Kouteburn, 3 ]3 ; fd: Hillsprings, 4 I3id; Moor, 4 13id; RTK. 4 13id; SO, 3 Viewpoint, 4 I3id; Crosswords, 9 HJd; A iewheld. 4 13d; lIC conjoined, 4 YE, 7 13d: Loganbrae, 5 13d; DB, 6 13d; FS, 5 123 d; Bin F, S 13? d; RTK. 9 123 d; Crosswords, 10 12Ad; Pukckarara, S 12Ad. line Crossbreds.—lß ir. Diamond, 5 hales 13id; Bin Y, 3 isjd; Greenvale 9 12 id; Bin C, 3 HJd; Bin M, 46 Iljd; Greenvale over KK, 10 Hid; Bin H, 16 HJd. Crossbreds.—Wß over C'rdtosbrook. 7 i^d, : OA, 4 lid; JP conjoined, 1 103 d: YE. 4 10? d; Bin J, 13 lOJd; ® ,Hi.d: BR, 16 10Jd; ML conjoined, 6 lOJd; LO, 5 10Sd; Waihcmo over 11M over Downs, 11 10J<1; 24, 4,10 id; StrathWll. i H»d; CC, 5 10Jd; Matawni, 11 HJd; LO, 5 Hid. Halfbred Pieces.—HG conjoined, 5 i2 le A s , Bin VV, 9 Hid; Bin XX, Loganbrae, G 9Jd: Hillsprings, 4 9sd; Crosswords, 0 9d HC conjoined, 5 9d. Pieces.—Bin WW, 10 bales lOJd; Bin YY, 28 OJd; Bin MMM. 5 Sid; Bin CCC, 21 BJd; CC, 4 Bid. Stronach, Jtorris, and Co., Ltd., sold;— Merino. —M in diamond over MS 10 bales at laid, 15 Isd, 5 I4?d; IW, S 12Jd. ,^o*f br< j, d - —TT conj. Linnbnrn, 4 bales at 13d, 18 14Jd, 14 14d, 9 12? d, 7 141 d; LambhiJl. 12 laid, 7 15d, 7 14d 11 141 d H » l«d; IW. 10 i 4 d; Maraew-eka! 9 Hd, 8 Hid; VX, o 13id; GI, 4 Hid; M m Diamond over MS, 10 ISJd. 11 laid: 111, over eheepshears. 24 ISjd, 12 I3?d g lo;d. , Fine Cr-, s .bred.-TT conj.. 7 bains at H i', 1: Alanson, 4 12d; JP conj. 4 Hid; Onslow A-lew. 6 12d; Westwood. 5 Hid: Va. i.i 14d: !M in Diamond over MS bj id- 8 llid; AR conj.. 3 Hid; C over Castle Hill, 8 13jd.

Crossbred.—Heart, 4 bales at JOlcl; Al, ? l-Hd; Linuburn, 7 lljd: Otlcy over Y in Circle, 13 lOjtl. Alcrino Necks and Pieces.— Al in Diamond over MS, 7 bales at 114 d. Halfbretl Necks and Pieces.—Linnbiirn, ' f, ba l M J nt , ll , i l 'i () Bambhill, 11 HJd, 10 10id, 7 0:1(1; Lake Haves. 4 S)d: M in Diamond over MS, <i lUd, (j 10.C1; UK over Sheepshcars, 5 lOfd. Crossbred Necks and Pieces.—A over half-circle, a bales at S.ld; Lake Haves, ■' 0(1 .-, C, over Castle Hill, 5 Sid: SAI Bin Wool, In BLI. 3 !)}d,

RANGE OF PRICES. Merino 164/70,- 60/64— ■ Dec, 1928. Dec., 1929. d. d. 8uper .. .. 19} to 25* 4. d. 13 to 15i Average .. lg to 19 11 to 12* Inferior .. 16 to 17* Fine halfbred, 58, 56/58 56— 9 to.10} Extra super —' 16 Super .. .. 21} to 25 13 to 15 Average — 19 to 21 Hi to 12} Inferior .. 17 to 18§ Medium, half bred, 50/56, 50— 10i to 11J Super .. .. 20 to 22} 13} to 15} Average .. 17 to 19 J Hi to 121 Inferior .. 16 to 17 Coarser halfbred, 48/50— 10} to 11} Super .. .. 19} to 22 11} to 14 Average .. 17 to 19 10J to 11 Inferior .. 16 to 17 9 to 9J Fine crossbred. 46/48— Super .. .. 18} to 20 11 to 12 Average .. 17 to 28 10 to 10$ Inferior ., 15 to 16i Medium crossbred, 44/46 —• 8J to 9| Super .. .. 165 to 18 101 to 11 Average .. 15 to 16 0 to 10 Inferior .. 13 to 14} 8} to 9 Bellies and pieces, merino— Good to super 17 to 19 11 to 12J Low to med. 14 to 16 Halfbred— 8 to 10}

Good to super 19 to 21} Low to med. 15 to 18 Crossbred— 10£ to 121 7J to 10

Good to super 17 to 21 8J to 10| Low to med. 14 to 16 J G to 8 Crutchings— Med. to Rood 11 to 13 J 7 to 9 Inf. and seedy 7 to 101 4 to 6* to 11" 3 to 6"