IMPROVED WOOL SALE

Taranaki Daily News, 31 January 1933, Page 9

IMPROVED WOOL SALE

SECOND DUNEDIN OFFERING

CONTINENTAL BUYERS ACTIVE.

FINE WOOL IMPROVES ljd. TO 2d.

HIGHER EXCHANGE HAS EFFECT.

By Telegraph.—Press Association. Dunedin, Last Night. The second series of Dunedin wool sales was held to-day. The sale was a limited one, and brokers offered their full quotas, the total number of bates cott of production, growers showed more readiness to Sell, and only m plated cases were high reserves placed^ on clips. This resulted in very few passings. . Buyers were represented in full fence, but from the outset it was noticeable that the Continental section the sale. Their limits were more elastic than those of Bradford, with the result that buyers representing the latter were unable to compete. This quietened t tone of the sale and . there was not the same animated competition as in the December sale,- where all sections of the trade'Were keenly competing. After four years of dragging sales it was very pleasing to those interested m the wool industry to hear the improved prices bid by the Continental buyers, who appeared to purchase with renewed confidence. f 4- . Following- on the improvement . m values at Home, finer wools showed an advance in price over the last sate held here. This advance was also increased by the difference in exchange, and values improved from IJd. to 2d. per. lb. on all grades of fine wool. In some Cases of outstanding quality the improvement was more marked. Crossbreds were also very firm, especially for super quality showing any fineness. The advance registered for crossbreds was id. to Id. per lb. on the December prices. , The top prices realised for fleece wool were 13|d. for 10 bates of super Corriedate, and 13Ad. for eight bales of super Merino ewe and five bates of supgr Merino wether. ■ ■■ Following is the official range of prices, together with those of the December sale:— Jan. Dec.

Merino — Extra super . to 12J to 12J 10 to 12 9 to 11 Average 8 i to 92 71 to 81 ■ Inferior • ..... 6 to 7-j 5 to 61 Corriedale — Extra super ... to 133 Super ' 11 to 12J Average ...... 10 to 10J Fine halfbred— Extra super 12J to 133 11 to 12 Super 11 to.123 ' 94 to 101 Average ...... 93 to 101 71 to 9J Inferior ..... 8 to 9J 6 to 7J Medium halfbred — 94 to 11 > Extra super 12 to 131 Super 103 to Hl 84 to 91 Average 9 to 10 71 to 8 Inferior U to 8j 6 to 7 Extra fine crossbred— Extra super to llj Super 84 to 93 71 to 81 Average 7 to 8 6 to 7 Inferior 51 to 63 5 to 6 Fine crossbred— ■ Super 7J to 83 6J to 73 Average 6 to 7 . 54 to 64 Inferior 41 to 54 34 to 5 Medium crossbred6 to 7 54 to 6 Average ...... 4J to 54 4 to 5 Inferior ...... 3 to 43 24 to 31 Hoggets— Half bred ..... 9 to 111 5 to 82 Crossbred 63 to 84 44 to 7 Bellies.and Pieces. Merino — Good to super .. 8J to 10J 63 to 8J Low to med.s*... 53 to 8 4J to 61 Halfbred— Good to super . 9 to Hi 7 to .93 Low to med. .; 64 to. 8 3J to 63 Crossbred— Good to super 7. to. 9 5 to 7 Low to med. .. 4 to 6 ■ 23 to .43 Crutchings— Med. to good . 31 to 41 24 to 41 Inf. and seedy *13 to 3 04 to 2 Locks. Merino 14 to 3 1 to 23 Halfbred 3 to 31 1 to 3 Crossbred .... 14 to 23 04 to 14