WOOL MARKET

Wairarapa Daily Times, 10 February 1938, Page 5

WOOL MARKET

DUNEDIN SALE. DECLINE IN PRICES. DUNEDIN, Wednesday. The following is the official report of the Dunedin Wool Brokers’ Association: —The second Dunedin wool sale of the season w T as held to-day, when an offering of 30,128 bales was submitted to auction. The bulk of the wool on sale consisted of finer lots from the back country, and this included some super lots of Merino, hnlfbred and Ooiriedale breeds. Some of the clips from the Tapanui and South Otago districts showed their usual high standard, but a good proportion of the wools displayed, especially from North Otago and coastal districts, did not have the same inviting appearance, much of it being dingy and tender. There was a full and representative bench of buyers, who, however, were operating under rigid limits. The Continent were the chief operators, with Bradford also in the market. Localmills took a considerable number of suitable super lines, but were buying very carefully. Japan purchased sparingly. The sale was inclined to be erratic, and competition was quiet throughout. Passings were substantial, vendors’ leserves in many eases being in variance with the trend of the market. They would average approximately 17 per cent. Prices can be quoted at par on those ruling at the Invercargill sale for crossbreds. Finer wools, however, showed an easing to an extent of about id on the last Christchurch sale ; The market showed a definite decline on the sale held here in December last, but this was no doubt accentuated on account of the heavier quality of the wools on sale. Fine wools showed a decline of from 2d to 4d per lb., fine crossbreds 2d to 3d and ordinary crossbreds Id to 2d.. The sale for skirtings was considered to be good, prices for these showing not the same variation. Top prices realised in the sale were 19-id for three bales of Puketoi super Merino, and 19d for two lots totalling 11 bales of Mount Benger halfbred. The following is the official range of prices, with those realised at the December sale in parentheses for comparison) : , Merino, 64/70, 60/64: Extra super, to 19-id; super, 13d to lod (15-id to 184 d); average, lid to 124 d (13 Jd to 14fd); inferior, 9d to 104 d (Hid to 12 fd ; ). , Fine crossbreds, 56/58: Extra super, to 19d (18d to 22id); super, 13d to 15d (16d to 17M); average, lid to 124 d (14Ad to 154 d); inferior, 9d to 10Jd (13d to 14d). Medium halfbred, 50/56: Extra super 13d to 14d (151 d to 163 d); super, Hid to 12-kl (14d to -lod); average, 10d to lid (123 d to 13Jd); inferior, Sd to 9Jd (llid to 12d). Extra fine crossbred, 48/50: Extra super, to 13id (14id to 15fd); super, lid to 12d (12-id to 14d); average, 9*d to 103 d (113 dto 124 d); inferior, BJd to 9id (lOd to llfd). Fine crossbred, 46/48: Extra super, Hid to 12-id (13id to Hid); super, 10d to'llfd (12d to 13-id); average, Bid to 9fd (lid to llfd); inferior, Sd to Bid (lOd to lOJd). Medium crossbred, 44/46: Extra super lOid to Hid (12id to 12fd); super, 9fd to load (lid to 12d); average, 8d to 84d (lOid tb load). Necks and pieces: Merino, super, to 12id (to Hid); low to medium, 8d to 10,.id (10d to 133 d). Halfbred: Super, to 13d (Hd to 15id); good to super, 9d to 10‘ld (lid to”l3id); low to medium, 7d to Bid (9id to lOid). Crossbred: Super, 9d to 9id (to 12d); average, 8-Jd to Bfd (9d to 10d); inferior, 7d to 71d (7id to\ Bid). Crutchings: Halfbred, medium to good 7id to 9d (9d to 10*d); inferior, 6id to 7d (7d to 8d). Crossbred: Medium to good, 7d to 8-id (8d to lOid); inferior, sid to 6id (5d to 74d). Locks: Halfbred, 5d to 6d (sid to 6Jd); crossbred, 4d to 5d (4d to Cd). (P.A.)