WOOL MARKET

Evening Post, Volume CXIX, Issue 31, 6 February 1935, Page 13

WOOL MARKET

THE DUNEDM SALES

STEADY ON NORTHERN

PRICES

(By Telegraph.—Press Association.)

DUNEDIN, This .Day.

The second Dunedm'wool sale commenced this morning, when a catalogue of 25,306 bales was offered to a full bench.

j Bidding from Bradford and the Conitinent was keen, with'local mills operating for super wools. The demand from Germany _ and Japan , was very quiet, both" countries' purchasing only limited quantities. Bidding was less spirited than at the first sale, but the market ruled steady, as compared with northern sales. Most of the wools were heavier in condition ' than the December offerings, many later-shorn clips being forward in a number of instances. Growers' reserves were on the higher side, and passings on the first catalogue' of nearly 7000 bales were about-8 per cent. As compared with the December sale, which- definitely established values for the Dominion, the only difference was in extra super qualities, for which local mills were bidding, freely. Those grades showed -an advance of Jd to Id per lb. Super wools were on a par with the December rates. For medium average quality the market was irregular, with a tendency to ease. Crossbreds were barely equal to the December prices,- and except for choice lots bellies and pieces were inclined to weaken, but the lower prices were due to the "heavier quality. The top price up' to noon was 15Jd for 15 ibales of super halfbred ewe, "Viewpoint" brand, grown 'by H. Armitage, Teviot. This lot was purchased by a Dominion mill,. while a lot of super halfbred, also purchased by a local mill, realised 15d. -Five bales of fine halfbred bin wool brought 15d.