DUNEDIN WOOL SALE.

Star (Christchurch), Issue 18644, 22 December 1928, Page 13

DUNEDIN WOOL SALE.

SATISFACTORY CLEARANCE. Per 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. An exceptionally good clearance was effected, with 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 2000 on the first offering of 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 the present clip. Taken all over the wools were not so attractive in appearance, and many half-bred lots, particularly half-bred hoggets, showed the effects of good feeding by | being what is known in the trade as I just a little too deep-grown for their quality. There was the usual full bench of buyers, with very few changes of personnel. and bidding was steady throughout the sale. Good wools occasioned animation, but anything shabby roused no spirited competition. Quality was not hard to sell, but sorts showing lack of -breeding, poor colour, or overheavy condition, commanded scant attention. Continental and American buyers were much more in evidence than Bradford, the former being keen to secure half-bred, and the latter taking large quantities of cross-bred. 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 cross-breds. The clearance was a good one, fully 90 per cent of the offering selling under the hammer, and it is estimated that a further 5 per cent would be disposed of to-night by private treaty. The demand was fully equal to the supply. RANGE OF PRICES. The following is the range of prices: rw in loo?

DELIVERIES EXCEED v QUOTA. Th© Second local sal© of the 1928-29 season will be held on January 7, and th© Christchurch W*>olbrokers’ Association has notified growers that the quantity of wool received into store exceeds the quota of 25,000 bales fixed by the Xew Zealand Wool Committee. Several thousands of bales will have to be held over for the third sale, on February 13. The following is the order of sale for the second sale: — 1. Dalgety and Co., Ltd. 2. Xew Zealand Loan and Mercantile Agency Company, Ltd. 3. Pvne. Gould, Guinness, Ltd. 4. 11. Matson and Co. 5 National Mortgage and Agency ‘ Company of X'.Z., Ltd. 6. Xew Zealand Farmers’ Co-op. Assn, of Canterbury, Ltd.

D ;c. 19. 1927. -Merino, 65-70, 60 70— d. d. d. d. Super .... 19i to 251 22 to 27 Average 18 to 19 19 Inferior 16 to 17* 17* Fine half-bred, 58. 56-58. 56— Super 214 to 25 23 to 26i Average 19 to 21 21 Inferior 17 to IS* 18* to 20* Medium half-bred. 50-56, 50— Super 20 to 22* 214 to 23 i Average 17 to 19* 20 Inferior 16 to 17 IS* Coarse half-bred 48-50— Super 194 to 22 21 Average 17 to — 19* Inferior 16 to 17 17 to 19 Fine cross-bred, 46-48— Super IS* to 20 184 to 20 Average 17 to 38 17 Inferior 15 to 164 15* to 164 Medium cross-bred, 44-46— Super .... 16* to 18 16 to 17* Average 15 to 16 14* to 151 Inferior 13 to 14* 13 to 14 Coarse cross-bred— Super .... 15* to 17 Average — Ui to 15* Inferior . 13 to 14 Bellies and pieces— Merino— Good to sup. 17 to 19 18 to 21* - Low to med. 14 to 16 154 to 17 Half-bred— Good to sup. 19 to 21* 20 to 22* Low to med. 15 to" 18 16 to 19 Cross-bred— Good to sup. 17 to 21 . 16 to 184 Low to med. 14 to 16* 14 to 15* Crutchings— Med. to good 11 to 13* 11 to 15 Seedy and in. 7 to 10* 7 to 10 Locks— Merino .... 8 to 11 9 to 12 llalf-bred 8 to 11 9 to 10* Cross-bred .. 7 to 8* 64 to 8* SECOND CHRISTCHURCH.