DUNEDIN WOOL SALE.

Press, Volume LVIII, Issue 17419, 1 April 1922, Page 12

DUNEDIN WOOL SALE.

AVERAGE ADVANCE OF Id. (PEESS ASSOCIATION TELEGRAM.) DUNEDIN, March 31. The fourth wool sale of the season was held to-day, the offering comprising 11,390 bales. The bulk was wool from districts were transit difficulties are acute, thi: baiance being oddments. As is gene:vi; j Uio case, these odd lots (oiuaju?'.' c. larger proportion of seedy wools md was noticeable at the earlier uuctions Late shorn wools also carry more condition than do the earlier shorn clips. The attendance of buyers was well up to the average and competition was certainly more animated than at any other auction this season. •Speaking generally the market may be quoted up a penny higher as compared with the February sale. Selling brokers were m most cases able to dispose of lota passed at the February auction at from id to per lb advance, but in some cases the bids for passed lots were lower than the offers made in February. The basis of values as between February and March auctions may be summed i.p as follows:—Merinos par to Id advance, halfbreds id to lid advance, ctossbreds id to lid advance, pieces of all descriptions Id to lid advance, locks ,}dto Id advance. The clearance under the hammer amounted to nearly 95 per cent., and probably all except a few lots with high reserves placed on them by the owners will be sold privately. Altogether the clearance was a very satisfactory one, and specially welcomed by brokers, who urgently require the space in their stores for the storage of gram. The following table gives .the range of prices as compared with the February sale •

CANTERBURY MARKETS. Friday Evening. There Is o free offering of rejected wheat fr fowl feed, farmers apparently appreciating the fact that there ia little wisdom in, holding on Micawber-like. There have been frequent galea at 4s 6d, ex Backs. It is reported from the North ißland that poultrymen are protesting agauiat the current, charge there for poultry leea, 7s 6d a busnel, and on the present Canterbury basis there is oome justification lor tlrcir complaint. The danger ia that high prices wiU ao restrict consumption that etocKc will eventually sag in values. • It is understood that there was b serious intention on the part of some owners of rejected wheat to test the legality of the Government's action in tho lavish rejections that have been made \t wheat offered for export. The contention la that the Government is interested in keeping down the quantity of exportable wheat to minimis® its losses. There is a decided "other side," however, ft great deal of the earlier wheat forwarded being in & very bad condition. However, it is understood that the idea has been abandoned.

A grade Gat ton oats are a shade firmer, although there is no business to influence much change. The bad harvest prospects from the South are influencing' the firming for good sample just as it is naturally influencing it the other way for B's. A grade Gartons are worth to farmer*, at wayside stations, up to 2s Bd, and B's to 2s 4d. The cocksfoot market is quiter, due doubtless to purchase for North Island sowing Tjeing practically completed. A sale of machine dressed, for overseas, at BJd, ia reported, equal to about SJd to farmers. • White clover is in firm request. It is reported that sales of good farmers' undressed have taken place at from Is Id is as high as Is 3d in one case.

, Ryegrass is still finpi Much of the seed offering is indifferent, and values oover a wide range, from 2s 9d to 3s 6d. : A little business has taken, place in Hnseed. One sale was on the basis of £l4, f.0.b., equal to £ll to £ll 10a, on trucks. The double packing' increases the margin between on trucks and f.0.b., price.

Partridge peas are a shade firmer 88 & result-of the wet weather. Partridges are worth from 7s 6d to Bs, "White Ivories from 7s (o 7s 6d, and Prussian Blues from Gs 6d to 6s, at country stations. Potatoes remain about the same. For prompt delivery they are worth about £i, and later £3 10s to £3 l£s. The following are quotations for produce to be paid to farmers at country stations, free of commission, sacks extra, except where otherwise stated:— Milling Wheat (new season's)— According W Government prices: Tuscan 6e 6d f.0.b., 6a 93, Pearl 6s Bd. Oats—A Gartons 2s 6d to 2s 8d; B's 2s 2d to 2s 4d; Algerians, Is 8d to Is lid for feed, 2s to 2s 8d far seed; Dun (dark coloured), 2s 3d to 2s 6d. Chaff (new season's) —£2 16s to £3. Potatoes— April-May delivery, £3 10s 'to £& 15s. Onions —£5 E8 to £5 10s. White Clover —lOd to Is Id. Perennial Ryegrass—3s to 8s Sd. Italian Ryegrass—Bs to 8s Bd. Cocksfoot—lid to Sd. Partridge PeaS —6s to 8s; Whit© Ivories 7s to 7s 6d; Prussian Blue 58 6d to 6s. Barley—3s. Cape Barley—2s 6d. Linseed—£lo 10s to £ll. Flour—According to Government prices: 2001b sacks £lB, 1001b bags £lO, EOlb bags £l9 10s, 251b bags £2O. all at per ton f.0.b., Lyttelton, Timaru, and Oamaru. Bran—According to Government "prices: £5 to £5 10s, according to packing, f.0.b., southern porta. Pollard—According to Government price: £8" to £8 10s, according to packing, f.0.b., southern ports.

TTMAEU. (special to "the fbbss.") TTMABU, March 31. There has been a iuil in the offerings oi wheat lately, m there generally is during the time that stook-tlneshing ends and stack-threshing begins.' Stacked grain is not quite ready lor threshing yet, but the earlier Btacked lota will probabiy come on to the market during the next week or two. Millers are awaiting the advent of this before adding to their stocks. So far no Tuscan wheat for export has been bought by the Government in South Canterbury. Fowl wheat is rather weaker, and is worth 4s 6d f.o.b. for good whole. The adverse weather in couthland, where most of the wheat is either in stook or uncut; is causing buyers to reduce their limits, as it is feared that most of this will be suitable for fowl wheat only. Oats have firmed. The' possibilities are that » large proportion of the crop in Southland will be more, or less damaged or 'discoloured, tind will not pass o3 A grade, or even m B grade. There has consequently been a better enquiry, and a resultant increase in values. There are persistent enquiries from Australia, and the London market is showing, more interest, enquiries having been received , at threepence per bushel more than the prices indicated a fortnight ago.- Values to-day are; A Gartona 2s lOd, B's 2s 8d to 2b 9d, Duns 2s 6d to Bs, Algerians 2s to 2s 3d. On account of the good autumn feed,

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chaff is dull, and the value is nominally £3 per ton on trucks, sacks found by buyera. Barley is lifeless, and is quoted nominally Partridge peas are rather quieter, owing to reduced limits from the United. Kingdom. No. l'fl are worth ?s 6d to Is Ed, and 7b 3d to 7s 6d on trucks, sacks extra. Ryegrass is • still firm at 8s to 3s 6d for both perennial and Italian. Good samples of Western Wolths are worth 8s 6d, and farmers' dressed samples of cocksfoot are commanding 6d per pound. The demand for linseed is not very keen, owing to the fact that a record shipment of linseed has just reached Sydney from Calcutta The nominal price to-day is £l2 per ton on trucks, sacks extra. The potato market is easier, and buyers are now only offering £4 on trucks for April delivery, March contracts having been filled.

DUNEDIN. a» (special to "the pbess.") DTTNEDIN, March 81. There is a fair quantity of oats offering, but as farmers' ideas of value are above merchants' limits there is not a great deal of business passing. A Gartons are quoted at up to 2s Bd, andy others to 2s 7d per bushel, sacks extra. Millers are keen buyers of any lines of wheat suitable for milling. The potato market is firm. Best Taieri tables ore selling at £6 10s to £7, ex truck. As a result of the continued bad weather, supplies of chafi are still on the light side, end prioes firm at late rates. Prime oaten sheaf is worth -up to £5 2s 6d, and good to best feed £4 15s to £5 per ton, Gaoka extra.

March. February. d. d. d. d. Merino — Super ... 16J to 20 17* to 19 Average ... 13* to 16 14 to 17 Inferior ... 11 to 13 12 to 13* Fine Halfbred — Super ... 15 to m 15* to 16 Average ... 12 to 14* 12* to 15 Inferior ... 10 to 12* 10* to 13 Medium Halfbred — Sui>or ... 13 to 15* 15 to 16* Aiverage ... 10* to 12* 11* to 14 Inferior ... 7 to 10 9 to lij Coarse Hnlfbred — Super ... 10 to 12* 11 to 12* Average ... 8 to 9* 9 to 10* Inferior ... 6 to 7* 7* to 8* Medium Crossbred— Super . ... 6* to 8 7 to 8 Average ... 5 to 6 6* to 7 Inferior ... 3J to 5 4* to 5* Coarse Crossbred — Super ... .5 fo 6* 5 to 6 Average ... 41 to 42 4* to 5 Inferior ... 3* to 4 4 to 4*