IMPROVED DEMAND

Poverty Bay Herald, Volume LXI, Issue 18586, 21 December 1934, Page 9

IMPROVED DEMAND

DUNEDIN WOOL SALES

GOOD CLEARANCE MADE

CONTINENT MORE ACTIVE

(Per Press Association.) DUNEDIN, this day. The- first series of wool sales for the 1934-35 season in Dunedin was held yesterday.- The catalogues auctioned amounted to 16,370 bales, the allocation for the sale .being 25,000 bales. Exceptional shearing, weather has been experienced for the season, and the wooJ available for the sale was greatly m excess of the allocation, but a good many farmers were not prepared to meet the market, and are holding their clips for later sales. The wool offered at yesterday’s auction was particularly attractive, being well-grown and sound and in good condition. A notable feature wus the les sened offering of crossbreds in comparison with first sales of other years. There was a greater percentage of fine wools representing station clips, and a good many of these, were suitable for local mills. ;*

A full bench, of bnyers were present, all purchasing countries being ' represented. Competition was exceptionally keen, a more spirited sale, being experienced than was expected. The first noticeable feature was the manner in which, the growers’met the market. Xj most cases, brokers’ valuations were exceeded, and it was only where high reserves had - been placed on clips that there were any passings, the total of which would not exceed 5 per cent, on all catalogues.

Compared .with the values ruling at thet first sale of last season, the market shows a decline of ,40 pec cent, over the whole catalogue. Tim greatest decline[ iwas felt in. fine wools, .and in lots which, in. the past, were purchased for the CJorman trade. In crossbreds, the decline was not so marked.

The pnchasiug strength of the sale came from local mills, Bradford, and the Continent, the latter being move in evidence than at previous sales. There was also speculative buying, which considerably nelped the market. German competition, which had been lacking in northern sales, was more noticeable, one. or two of their representatives operating freely. There was practically no competition from Japan, but several lots were taken for American and Canadian orders.

The top price realised was 14£d, which was paid for three lots of super merino wool from Puketoi station on account of Mrs. Watson Shennah. Two lots of fine halfbred also sold at 14|d, the grower being Mr. W. Johnstone, of Teviot.

Following is the official range of prices, compared with the sale held in December, 3933: Merino.—Extra super (December 1933, to 224 d), December 1934, to 14jd; super (18d to 19id), 13d to 13d; average (16Jd to T7|d), lOd to lid; inferior (15d to 16d), Sd to 9d. Fine halfbred, 56/58.—Extra super .to 23§d), to 14£d; super (20d to 22d), lid to 13id; average (18d to 19Jd), 9|<l to lOjd; inferior (15id to 17d), B£d to 91 d. Medium halfbred, 50/56. —Super (19d to ZUd), l(Md to HAd; average (17id to 18i|d), 9d to lOd; inferior (15d to 17d), 7|d to Bj}d. : . Fine crossbred, 48/50. —Extra super (18U to 19id), to lid; super (16d to 171 d), 84 to lOd; average (14d to 15id), 7£d to Bid; inferior (12|d to 133 d), 6(1 to 7<L > Crossbred, 46/48. —Super (13|d to 143 d), 8d to 9d; average (113 d to 13d), to 7d; inferior (lid to 12d), 5d to 6d.

Medium crossbred, 44/46.—Super (lid to 123 d), 7d to 8d; averager (9£d to IOIdJ, s|d to 6|d; inferior (8d to 9d), Halfbred necks and pieces.—Good to super (17|d to Sid), 9d to ll|d; low to medium (13d to lo|d), 5d to Bd. Crossbred necks and pieces.—Good to super (to 17d), 6d to 7sd; low to medium (7d to lOd), 3d to sd. Halfbred, bellies.—Good to super (13d to 16|d), 7d to 84d; low to medium (lid to 13Jd), 4jd to 6d. Crossbred bellies,—Good to super (lOd to 12d), s|d to 6id; low to medium (7d to flfd), 3d to 4Jd. Cratchmgs.—Extra good (to 13|d), 6d to 7|d; medium to good (9d to 12d), 4d to 6Ad; fair and seedy (5d to 81), to 3d. Locks.—Extra good (to &Jd), 4d to 53d V medium to good (5Ad to 84d). 3d to 3|d; inferior (3d to sd), Id to 1 i<3.

IN GROWERS’ FAVOR

THE TREND IN SYDNEY

(Klee. Tel. Copyrleht—United Press Assn.) SYDNEY, Dec. 20. At the wool sales, 11,747 bales were offered and 11,000 sold; also 1539 privately. i All the best 'features of the recent auctions wero agajn in evidence. The trend in values was in growers’ favor for all well grown, good conditioned lines. The main supporters were Japan, Bradford, and France, with some support from Gormahy and America. Greasy merino made up to 16Jd.