KEEN DEMAND FOR WOOL

Taranaki Daily News, 21 December 1932, Page 9

KEEN DEMAND FOR WOOL

REALISATION AT DUNEDIN

CONTINENT CHIEF PURCHASER.

dominion buys better wools.

By Telegraph.—Press Association. Dunedin, Last Night. . r The first wool sale of the season was J held at Dunedin to-day. There was a * large attendance of farmers and interested spectators. The-sale opened to a full bench of buyers representing Bradford, the Continent and Japan as well • as Dominion mills and local speculators. Competition from the outset was parti- . Ilarly keen, especially from the Contin- , ental section. It was evident that the limits from the Continent were above those held by Bradford representatives, with the result that the sale was dom- - mated by Continental buyers, > with Bradford picking up odd lots suitable to their requirements. I Bellies and pieces were very keenly competed for, and the major portion was secured by French buyers. Dominion mills when fine super lots came under the hammer would not be denied, ana. they secured most of the lots suitable to their requirements. The wool opened up heavier in condition than in the previous year, but it was bright and. sound and particularly well-grown. Following is the official range of prices:—

Merino — d. < to 1 1. 21 . 9 to 11 . 7J to 82 Inferior . 5 to Fine Halfbred— . 11 to 12 . 94 to 10J . 74 to 9J , . 6 to 6J Extra super Medium Halfbred— Extra super .. Super Average . 91 to 11 8J to 9J . . 74 to. 8 Inferior ......• Fine CrossbredSuper .. 65 to si to 3-4 to 74 64 5 Medium Crossbred— .. 51 to .. 4 to 6 5 Inferior .. 24 to 3| Hoggets—/ Fine ... 6 to 8| Medium .. 44-to 7 Bellies and Pieces/ Merino — .. 64 to 81 Good to super i Low to medium ...... ..44 to s 64 ■ i Halfbred— ... 7 to s Good to super 9 J Low to medium ;. 3 J to Gi 1 Crossbred — .. 5 to 7 t Good to super ....... Low to medium .. 24 to 44 ■. a Crutchings— .. 24 to 44 a Medium to good ..... e Inferior and seedy . .. 4 to 2 y Locks— 21 .. 1 to ... 1 to 3 4 to 14