DUNEDIN WOOL SALE

Chronicle (Levin), 8 October 1946, Page 2

DUNEDIN WOOL SALE

-Press Association

By Telegraph—

DUNEDIN, Oct. 7. Satisfactory prices witliout anything in the nature of sensations were the order of the day when the system of disposal of wool by auetion was resumed today. This was the first open market for wool in Otago since Decembcr, 1939, after which the appraisal system came into operation. A full bench of about 60 buyers and the interest which they showed in the catalogue, justified gropers' expectations. The offering of 6511 bales was uiainly comprised of crutchings but there was a small representation of early shorn wool and it met keen competition. Although an occasional lot failcd to reach the reserve pfice set' by the Wool Disposal Gommission, the crutcdiings in particular sold mostly at prices substantially bettef than last year's appraisal values. The official report on the sale issued by the Dunedin Woolbrolters Association in eonjunction with the New Zealand Wool Buyers' Association, and Wool Disposal Cominission states that the sale "was held before a full r.epresentation of buyers from Bradford,. America and the Continent. The total

number of bales offered was 6541 comprising 5045 bales of greasy wool and the balance .of ,slipes and seoured' wools, the greater portion of which ! was from stock wools. The general j condition of the wool which was main-i ly crutchings, was of good style and' condition no doubt due to the favour-' able weather prevailing during the winter. The fleece wool offering was in keeping with the straggler wool ofl past seasons. Some early shorn wool was on offer and this opened up inj good condition and met with keen competition. " «- t The following was the official range of prices: — Merino fleece: Average to 21£d. Halfbred: Super 25|d to 27^d, good 22-J-d to 24id, average 18d to* 21d, in- j ferior 14d to 16d. ! Fine crossbred: Super 19d to 22d, good 17d to 18Ad, average 15d to lbdJ inferior 13d to 141d. Crossbred: Super 18d to 19d, good 16(1 to 17d, average 14d to 151d, inferior 12d to 13 fd. Crutchings -Merino: Good lld to 12d, average 9d to lOfd. ■ Halfbred: Super 14d to 15 Jd, good 12d to 132d, average lOd to 114d, inferior 7d to Sd. Fine crossbred: Super 15d to 16M, good 13d to 141d, average lld to 12-id, inferior 6d to 9d. Crossbred: Super 16d to 171d, good 14d to 15-ld, average llid to 134d, inferior 7d to lOd, ...