WOOL VALUES FIRMER

Wanganui Chronicle, Volume 76, Issue 301, 21 December 1933, Page 7

WOOL VALUES FIRMER

THE SALE AT DUNEDIN GOOD QUALITY OFFERING [ Per Preaa Asm elation. J DUNEDIN, Dec. 20. The first wool sale ffr the 1933-34 season was held to-day before a full bench of buyers, all the purchasing countries being fully repersented. The sale exceeded the most sanguine expectations and from the start of the first catalogue until the final lots were sold there "’as continued animated competition. The catalogues contained a bigger percentage of fine wool than is usually auctioned at the first sale, and tho quantity offered was also greater than in previous seasons, the reason being the prolonged spell of tine weather allowing growers to shear earlier. In a good many cases shearing was advanced by a period of four weeks. The wool received was in lighter condition, and on the whole, very attractive The catalogues offeicd were recognised as being tho best range of good wools offered to buyers this season. It was anticipated that the lighter yielding and better quality clips would attract higher prices, and this anticipation was more than fully realised, as the market has sho rn a distinct firming and was undoti’Med]y the best sal G of the season. C-onipctition was general, with the Continental demand from France and Germany being a strong factor in the prices realise 1 for fleece wool, an 4 tho New Zealand mills early purchased my lots suitable ‘or their requirements, paying ine highest prices of the sale for fm e ha’f!.- ' and Merino. Bradlord and Japan also bid spiritedly, tlci former especially, lifting a faix i.ro portion of the ••atalogaes. Tho sale for necks, pieces and other oddments was a phenomenal one, with France and Germany being the keenest buyers. It is some time since such spirited competition was experienced at tho local sales. In view, of the marked increase in prices brokers’ valuations were largely exceeded in many cases. There were few passings and fully 98 per cent of the offerings were sold under the hammer. A considerable advance in prices was shown for fine crossbreds of 48/50 ’h quality, although the most marked wag in respect to necks, pieces and bellies. In comparison with the sale held here during December, 1932, the advances recorded arc 100 per cent to 300 pci cent., according to the quality and type of wool, necks, bellies and pieces coming under the latter advance. The following are the top prices realised at tho sale; fine halfbred ewe, eight bales, Lambhill. 22Jd; superfine halfbred, ewe, six bales, Glcndalaugh, 22J d.