WOOL SALE

Southland Times, Issue 20675, 22 December 1928, Page 8

WOOL SALE

DUNEDIN SERIES GOOD DEMAND WITH ANIMATED BIDDING SATISFACTORY PRICES REALIZED (Per United Press Association.) Dunedin, December 21. Features of the first Dunedin wool sale of the 1928-29 selling season which was held to-day were the good demand with steady, and at times, animated bidding; a full bench of buyers; exceptionally good clearance and satisfactory prices, which were slightly better for certain classes of wool than those that have been secured at northern centres. The combined catalogues offered to-day by local selling agents included 22,650 bales, an increase of about 2,000 on rhe first offering last season. Had it not been for the broken weather this month which delayed shearing operations, the amount available for this sale would have been easily 27,000 bales. The wool was in heavier condition on the whole than was the case at the December sale last year, due no doubt to the fine open winter which enabled stock to be kept in the best of condition. This is shown by the growth and grease in. present clip. Taken all over the wools were not so attractive in appearance and many halfbred lots, particularly halfbred hoggets, showed the effects of good feeding by being what is known in the trade as “just a little too deep grown” for their quality. There was the usual full bench of buyers with very few changes of personnel. Bidding was steady throughout the sale. Good wool occasioned animation, but anything shabby roused no spirited competition. Quality stuff was not hard to sell, but sorts showing lack of breeding, poor cob our or over heavy condition, commanded scant attention. Continental and American buyers were much more in evidence than Bradford, the former being keen to secure halfbred and the latter taking large quantities of crossbred. As in former years pieces attracted Continental bidding. Local mills competed keenly for lots suited to their purposes. Prices were considered to be a shade better than northern rates for halfbreds, and on a par with them for Merinos and Crossbreds. The clearance was a good one, fully 90 per cent, of the offering selling under the hammer and it is estimated that a further five per cent, would be disposed of to-night by private treaty. The demand was fully equal to the supply.

Range of Prices. The official range of prices as compared with those ruling at the December sale in 1927 is as follows: Deer. 1928 Deer. 1927 Merino 65's to 70s, 60’s to 70s—

Super .. .. Average .. Inferior .. . 194 .. 18 .. 16 to 25} to 19 to 174 22 to 27 19 to 21 174 to 184 Fine half-bred, 58’s, 56’s to 58’s, 56’s— Super .. .. . 214 to 25 23 to 26} Average .. .. 19 to 21 21 to 22} Inferior .. .. 17 to 184 184 to 204 Medium halfbred 50’s, 56’s, 50’s— Super .. .. . 20 to 22* 214 to 23} Average .. .. 17 to 19* 20 to 214 Inferior .. .. 16 to 17 184 to 20 Coarser halfbred, 48’s to 50’s— Super .. .. . 194 to 22 21 to 22} Average .. .. 17 to 19 194 to 21 Inferior .. .. 16 to 17 17 to 19 Fine crossbred, 46’s to 48’s— Super .. .. . 184 to 20 184 to 20 Average .. .. 17 to 18 18 to 18} Inferior .. .. 15 to 164 154 to 16} Medium crossbred 44’s to 46’s Super .. .. . 16} to 18 16 to 174 Average .. .. 15 to 16 14} to 15} Inferior .. .. 13 to 144 13 to 14 Bellies anc Pieces. Merino— Good to super 17 to 19 18 to 21} Low to medium 14 to 16 15} to 17 Halfbred— Good to super 19 to 21J 20 to 22} Low to medium 15 to 18 16 to 19 Crossbred— Good to super 17 to 21 16 to 184 Low to med. 14 to 164 14 to 154 Crutchings— Medium to good .. .. 11 to 134 11 to 15 Inferior and seedy .. .. 7 to 10} 7 to 10 Locks— Merino .. 8 to 11 9 to 12 Halfbred .. .. 8 to 11 9 to 11} Crossbred 7 to 8} 6} to 8}