WOOL MARKET

Southland Times, Issue 22296, 11 April 1934, Page 8

WOOL MARKET

DUNEDIN SALE PRICES ADVANCE STRONG COMPETITION CONTINENTAL BUYERS (Per United Press Association.) Dunedin, April 10. At the final wool sale of the 1933-34 season to-day, 16,277 bales were offered. With few exceptions, the quality of the fine wool was only average, the bulk of the lots being of medium to good wools, and representing late shorn clips. Throughout the catalogues there were some very showy and lustrous crossbred wools which attracted keen competition. There was, however, a greater proportion of average and medium crossbreds showing a lot of condition. There was only a small percentage of Merino wool. Wools of this description on offer were heavy in condition, but sold at prices up to the last sale's rates. Throughout the whole sale the bidding was keen, but the most spirited bidding was in evidence when lots of fine fleece wools and pieces were auctioned. The outstanding feature of the sale was the Continental competition, with Germany being a strong competitor for both fleece wools and pieces of halfbred and fine crossbred qualities. Japanese competition was also in evidence for wools of 50’s qualities and upwards. The sale was an exceptional one for fine halfbred hogget wool, which showed the greatest advance. Prices for this class of wool were above the average advances in other grades. Bradford representatives were bidding for halfbred, but they were mostly outbid by the Continent. Their chief buying was confined to medium and coarse crossbreds, the bulk of was taken by their representatives. There were not sufficient wools of outstanding quality to attract the attention of the local mills which only purchased a few lots. New Zealand fellmorgers and local speculators were responsible to a great extent for the steadiness in the sale for wools in which they were interested. Compared with the last sale held here in March, prices generally showed an advance of a full penny on halfbreds and fine crossbreds. Medium crossbreds improved by a half-penny per lb, while coarse cross-breds realized prices equal to the March rates. Necks and pieces also sold at higher values, being half a penny to one penny dearer. The sale must be considered most satisfactory and sellers whose wools were not catalogued in previous sales owing to restrictions are to be congratulated on the prices obtained today. The percentage of passings would be about 10 per cent. These passings were mostly recorded with lots belonging to growers whose ideas of value were higher than the ruling rates. Official Range of Prices. Although prices were not as high in some cases as the last sale, this is accounted for by the absence of super lines. In the figures shown consideration has to be taken into account of the heavier conditioned wools on offer. The top price realized on the sale was 21” d for 16 bales of first combing halfbred wether, grown by Messrs Kane Bros, of Beaumont Station, but there were also several lots sold at near this price. The range of prices was as follows:

AUCKLAND SALES OVER £900,000 REALIZED. (Per United Press Association.) Auckland, April 10. At the three Auckland wool sales of the 1933-34 season 64,730 bales were offered and 62,087 were sold for £934,062 15/2. The average price was £l5 1/- per bale or 10.26 d per lb, the final sale of the season yielding £151,214 5/-, which is more than double the returns from the last sale last year. But for a slight drop in value in February and March, the Auckland wool clip would have again realized £1,000,000.

March, d. 1934 April, 1934 d. d. d. Merino— Super 18} to 21 Average 17 to 18| 17 tol8£ Inferior 15} to 16} 15 to 16} Fine halfbred 56’s to 58’s— Extra super to 25} Super 20 to 22 21 to 21} Average 17} to 191 18.} to 201 Inferior 15 to 17 15} to 18 Medium halfbred 50’s to 56’s— Super 19} to 21} to 20} Average 17 to 19} 18 to 20} Inferior 15 to 16} 15} to 17 Fine crossbred 48’s to 50 s— Super 14} to 151 15} to 16} Average 111 to 131- 121 to 15 Inferior 10 to 11 11 to 12 Medium Crossbreds 46's to 48’s— Super 11} to 13 to 12 Average 10 to 11} 10} to 111 Inferior 8} to 9} 8} to 10 Crossbred 44’s/46’s Super 9 to 11 91 to 11 Average 7} to 8} 8 to 9 Inferior 6} to 7 5} to 7} Crossbred Necks and Pieces Good to super 16} to 19} 17 to 19 Low to medium 12} to 15 12} to 16} Crossbred Necks and Pieces Good to super 101- to 13} 11 to 13} Low to medium 6 to 8 6 to 10 Halfbred Bellies Good to super 11 to 14} 11} to 15} Low to medium 8 to 10} 8} to 11 Crossbred Bellies Good to super 8 to 10} 8} to 10} Low to medium 5} to 6} 5} to 7} Crutchings Good to medium 8 to 12} 81 to 13 Low to medium 5 to 7} 5 to 7} Locks Good to medium 8 to 9} 8} to 9} .Low to medium 5} to 7 5 to 7