BEST OF SEASON

Poverty Bay Herald, Volume LXIII, Issue 18962, 12 March 1936, Page 5

BEST OF SEASON

DUNEDIN WOOL PRICES

CROSSBREDS UP ID TO lAD

KEEN COMPETITION SHOWN

GOOD CLEARANCE MADE

(Per Pross Association.) DUNEDIN, this day.

At the third wool sale of the season, a total offering, of 28,317 bales was submitted. A substantial j proportion was crossbred from southern districts, but there was also a good offering of fine wools, mostly from the high country and also from clips which are usually sold in the February sale, but, which this year,; owing to the heavy arrivals in January, had to be held for later sale.

The sale was characterised by exceptionally keen bidding from all sections of the trade, and prices for all classes of wool were undoubtedly at the highest point reached this season at New Zealand sales.'

Compared . with the February sales in Dunedin, halfbreds can be quoted at fully l|d higher, with crossbreds Id and fine"; crossbreds, lid higher. In numerous cases the rise per pound was even greater.

The Continent was again buying very freely, competition from Germany being more noticeable than at previous sales this season, and it was obvious that good orders were in the market for Japan. Bradford buyers, who have been comparatively quiet at the last two Dunedin sales, were buying strongly at advanced prices, and lifted the bulk of the crossbreds. There were comparatively few passings, and« as most of these would be sold after the sale, there would be almost a complete clearance.

The most gratifying feature of the sale was the- rise in crossbred values. Crossbred prices in the early part of the season looked to be low in comparison with halfbreds, but at yesterday's prices the. disparity in values has been considerably lessened, and those growers who are still holding wool will probably take advantage of the present good market' and. sell at the next Dunedin sale on April 3.

The top price at the sale was 19id for four bales of super Corriedale wool grown by Mr. H. P. Mclntyre (Waikaka). The official range of prices is as follows) a-comparison'"being shown with the Dunedin February sale. Feb. - March Merino, 64/70, 60/64: d. d. d. d. Extra super "20 to Super .. 16 to 17 16 to 17* Average .. 14 to 15 14* to 15} Inferior .. 12 to IS 13 to 14 Fine half bred, 56/58: Extra super to 192 to 19} Super .. 16 to 17} 17 to 18} Average '.. 13 to 142 14} to 16} Inferior .. 10} to 12 12 to 14 Medium half bred, 50/56: Extra "super lo| to 16"" 16} to. 17} Super .. 134 to 15 14} to 16 Average .. 11} to 13 12} to 14£ Inferior .. 9) t.o 11 10} to 12* Extra ilne crossbred, 48/50: Super .. 12} to 13 13 to 15 Average .. 9} to 10} 10} to 12} Inferior .. 8} to 9} 9J to 10} Fine crossbred, 46/48: Super '".. 9 to 10} 10} to 12 Average .. 73 to 8} 91 to 10J Inferior .. 7 to 7} 8* to 9 Medium crossbred, 44/46: Super .. 9 to 9i Hto 10* Average .. 6} to 7} 8} to 9J Inferior ... «} to 6} 7} to 8\

Half bred bellies and pieces: Good to super I?.J to .16* 14 to 16J Low to med. 9J to 12* 10i to 13* Crossbred bellies and pieces: Good to super 8 to 10 8* t.o 11 Low to med. 6 to 7* 64 to Si

Half bred crutchings Med. to good 6J to 8 Crossbred crutchings: Mod;'to-good 6J to 7 J 7 to 8J Inferior .. 5 to 6 5i to GJ

7 to 8*

•- Locks: Med. to good fi to 6} 5£ to 6J Inferior .. 31 to 4£ 4i to . r >i