ALL-ROUND RISE

Southland Times, Issue 22770, 21 December 1935, Page 8

ALL-ROUND RISE

PRICE OF WOOL SALE AT DUNEDIN TOP RATE 18f PENCE (Per United Press Association.) Dunedin, December 20. Catalogues totalling close on 30,000 bales were submitted at the Dunedin wool sale to-day to a full bench of buyers representing all the usual purchasing countries. All the catalogues contained a .percentage of carry-over wool, but the bulk of the offerings represented new season’s clips. Amongst these were a number of early shorn station clips of excellent quality. The catalogue also contained a fair' proportion of coastal clips and wool from Tapanui, Gore and other Otago districts. All these wools opened up exceedingly well and the whole of the offerings was considered to be the best display of wool catalogued here for a number of years for the first sale. The clips were very bright in colour and attractive in appearance and lighter in condition. In comparison the heldover wools were not as attractive, being slightly discoloured and decidedly heavier in condition. From the commencement of the sale to the completion of the auction it was very noticeable, that the chief demand was for wools of finer qualities. These were very keenly competed for, but the sale for crossbreds, although in line with northern values, was disappointing. The chief feature of the sale was the absence of the usual keen demand for hogget wools, but although these wools were selling higher than last season, they were realizing Id to 2d below expectations and were not selling on the same level of values as the balance of the clips. Bidding throughout the whole of the sale came chiefly from the Continent and brokers representing Japan, America and Canada were also in evidence, but apart from Bradford purchasing some of the finer qualities, their general support throughout the sale was lacking. Local mills on the other hand were prominent on all suitable wools and were the chief factor in the top prices obtained. There were passings in all catalogues, chiefly owing to the disappointing prices for hoggets and also, the excessive vendors’ valuations. These passings perhaps averaged approximately 10 per cent., but many of these wools were subsequently sold immediately after the sale. Compared with the December sale held last year, prices all round show an advance which was more marked in Merinos and halfbreds than in farmers’ wools generally. The advance recorded in the former, especially in extra super lots, was up to 4d per lb, while crossbreds were up Id to lid and in some cases up to 2d for choice lots. Top prices realized on the sale were 18:jd for six bales of super fine halfbred ewe, branded “The Gums,” and 18Jd for nine bales of super combing Merino ewe from Little Valley. The following is the official range of prices compared with the sale held in December 1934:— Merino.—

Extra super Super Average Inferior December 1934 — to 141 12 to 13 10 to 11 1935 171- to 16 to 14 to 11 to 181 17 15 121 8 to 9 Fine Halfbred, 5Gs/58’s — Extra super — to 141 171 to 18] Super 11 to 12! 15 to 17 Average 93 to 101 121 to 143 Inferior 81 to 9i 101 to 12 Medium Halfbred, 5O’s/56’s.Extra super — tc 13 151 to 16 Super101 to 11J 131 to 15 Average 9 to 10 Hs to 13 Inferior 71 to 8? 91 to 11 Fine Crossbred, 48’s/50’s. — Super81 to 10 11 to 121 Average 7.1- to 8.1 81 to 91 Inferior 6 to 7 71 to 8 Crossbreds, 46’s/ 18’s.— Super8 to 9 9 to 101 Average 61 to / 7.3 to 81 Inferior5 to 6 7 to 71 Medium Crossbr rd, 44's/46’s Super 7 to 8 8 io 9 Average 5.3 to 61 61 to i ■ > Inferior 41 to 5 5 to 6~ Halfbred necks and pieces.— Good to super9 to H J 121 to 16-1 Low to medium 5 to 8 8 to 12 Crosslands, necks and pieces.— Good to super6 to 71 7 to 91 Low to medium 3 to 5“ 41 to Gi Halfbred belliesGood to super 7 to 81 81 to 11 Low to medium 41 to 6 5] to 8 Crossbred bellies — Good to super 51 to 61 6 to 71 Low to medium 3 to 43 4 to 51 Locks.— Medium to good 3 to 3.3 41 to 6 Inferior 1 to 11 2 to 6