WOOL SALES

Southland Times, Issue 19480, 1 April 1922, Page 5

WOOL SALES

DUNEDIN OFFERING ADVANCE IN PRICES (Per United Press Association.)' DUNEDIN, March 31. The fourth wool sale of the season was held to-day, the offering comprising 11,390 bales back-country wools from districts where transit difficulties are acute, the balance being oddments and straggler wools. As is generally the case these odd lots contained a larger proportion of seedy wools than was noticeable at the earlier auctions. Late shorn wools also carry more condition than do the earlier shorn clips. The attendance of buyers was well up to A the average and competition was certainly more animated than at any other auction this season. Speaking generally the market may be quoted up a penny and higher compared with the February sales. Selling brokers were in most cases able to dispose, of lots passed at the February auction at from Ad to pef lb advance, but in some cases the bids for passed lots were lower than offers made in February. The basis of values as between February and March auctions may be aununed up as follows: ADVANCE, Merinos—Par to Id. Halfbreds—id to lid. Crossbreds—id to lid. Pieces of all descriptions—ld to IJd. Locks, id to Id. The clearance under the hammer ainoui* ted to nearly 95 per cent., and probably all except a few lots with high reserves placed on them by owners will be sold privately. Altogether the clearance is a very satisfactory one and specially welcomed by the brokers who are urgently requiring space in their stores for the storage of grain. The following table gives the range of prices compared with the February sale;—

Merino— February. March. Super 16td-20d 17id-19d Average I3id-16d 14d-17d Inferior lld-13d 12d-13id Fine halfbred— Super 15d-17jd 15id-16d Average 12d-14id 12id-15d Inferior 10dl2Jd 10*d-13d Medium halfbred— Super I3d-15id 16d-16}d Average 10jd 12id llid-14d Inferior 7d-10d 9d-llid Coarse halfbred— Super 10d-12jd lld-12id Average 8d-9id 9d-10*d Inferior 6d-7Jd 7id-8jd Fine crossbred— Super 8id-lld 9Jd-10d Average 6id-8d 7d 9d Inferior Sd-fld 5id-6 id Medium crossbred— Super 6$d-8d 7d-8d Average 5d-6d 5id7d Inferior 6id-5d 4id-Sid Coarse crossbred— Super 5d-6$d 5d-«d Average 4id-4id 4|d5d Inferior 3id-4d 4d4Jd