DULLER MARKET

Waikato Times, Volume 124, Issue 20784, 20 April 1939, Page 16

DULLER MARKET

_____ ! i WOOL AT DUNEDIN ERRATIC COMPETITION I TOP PRICE MAKES i ijd j i; (By Telegraph.—Press Association, DUNEDIN. Wednesday ' • The fourth and fln.l wool >a!e of' the 1938-33 season held to-day did; 1 nothin? to bu y ‘he flag-vng s: :-.t> j been clouded t»y rumours of boycotts i ■ and curtailments, but it was the larger j issue of international complications j which actually communicated to today’s aujUon the unfavourable aspec: ' which it presented. Competition was not keen even ; ' among those sections of the market ( which have in the past contributed <i , ] deflntte liveliness tj Dunedin sa.es. j Whatever the intentions of the French ( Government may be the French buyers , , took their part in the bidding. . Prices were not high and many de- I , scriptions of attractive fine wools sold 1 or were passed at rates considerably below their real value. The Dunedin Woolbrokers’ Association's report is as follows: —"The fourth Dunedin wool sale was held today when 24,473 bales of wool were catalogued. There was a full bench of buyers representing all the purchasing countries. The wools on offer were an average selection with a greater percen'taerc of crossbreds than usual at a closing sale. The wools • auctioned mostly represented late shorn back country clips, the quality j of which showed the adverse weather j • prevailing during the winter. There j were also a few choice early shorn \ ; halfbreds that were in good condition. Disappointing Values "The crossbreds on offer were representative of the clip and there was a ] number of outstanding lines distributed throughout the catalogue. There i was a big weight of skirtings on offer 1 and these varied in condition. From j the outset until the close of the sale competition was very erratic. Choice ; lines of fine wools were in good de- j mand, especially when required by local mills. The sale, however, for averag® and inferior Merinos and halfbreds was very disappointing, limits . for this class of wool showing a . marked reduction on the previous ; Dunedin sale. , "Crossbreds were in good demand, j especially for stylish lots, and hog- . gets came in for particular attention- , Some grades sold at the best price • for the season. The same attention t was not paid to medium and inferior , quality crossbreds, which were hardly < up to* the last sale's quotations. The l demand for skirtings varied according i to the quality. Fine descriptions were ! : weaker in sympathy with fleece but i crossbred skirtings sold particularly well- " The mainstay of the market was Bradford, which purchased a big weight of the offering, with France. Belgium and Germany buying moderately. Limited orders were also on the market for America, Canada and Japan. The local mills operated on the best halfbreds and Merinos and choice lines of skirtings. Australia also was buying a few lines of crutchIngs. The poor sale for fine wools accounted for the bulk of the passings, which were approximately 10 per cent. The top price of the sale was 14$d for five bales of first halfbred grown by Mr R. Sutherland, of Kaihiku-” Official Range of Prices The official range or prices was as follows.— Merino.—Super. 10|d to I2d: average. Old to 10$d: Inferior. 7id to 9d. F'ne halfbred. 5 Extra super, to i4*d; super. 12d to 13id: average. iOd to 11 id: Inferior. 7id to Old. Medium halfbred. 50-56: Super. 11d to 12d; average, 9Jd vo tOld: inferior, 7d to 9d Fine crossbred. 48-50: Extra super. 12cl to 12|rt: super, lid to li}J: average. ;.jd to 10? d: Inferior. 7»d to 3}d. Medium rro*~bred. 46-5 S: s*.iper, mjd to l.’d; average, od to Ojd. inVr’rr. ?jd to Sjo. Crossbred. 44-46: Super, o t.l to lid. average. Bsd to 9)d: Inferior, Ti l to Sd. Merino neeks and pieces: Super .o-Jd to 10}d; low to medium, “d to HaJlbr<M necks and piec?-: -mper. Old to lid: good to super, 7id to 9d; low to medium, s id to 7 *d. necks and pio'es: Super, aid to 9jd: average, “id to Sd: mferior, 6d to 7d: halfbred rrut Tags, medium n good. 5d to 6d; inferior 3id to lid. Crossbred crutching- MeJtum to good. 6sd *«o 8ld; inferior. 4rt ro 6d. Locks: Merino, 3Jd to 4d: hairbred, 3id to 4ld; crossbred, 3i<l to 4d.