WOOL ADVANCES

Hawke's Bay Herald-Tribune, Volume 81, Issue 76, 22 December 1937, Page 9

WOOL ADVANCES

-Press Association.)

Best Sale of Season at Dunedin RISE OF HALFPENNY

(By Telegraph-

DUNEDIN, Last Night. _ The official report of the Dunedin wool sale submitted on behalf of seven selling agents is as follows: * 'The Dunedin Stock Agents and Woolbrokers' Assoeiation report that at the first sale of the season held today, 24,000 bales were offercd, of which approximately 95 per cent. was sold. There was a full beneh of buyers in attendance, representing the principal consuming countries of the world. ' 'Competition was exceptionally keen, the Contineut and Bradford operating freely. Local mills were a strong factor in the market and bought most of the wools suitable for their trade. Bradford was more prominent to-day than at any previous sale held in the Dominion to date. Canada was also in the market for super-fine halfbred. "The selection generally was a good one, especially wools from the coastal, Tapanui and Roxburgh distriets. However some back country clips showed an excess of dust, and some early seed" through the prolonged dry weather. The halfbreds offermg were slightly more attractive than those offered at the December sale last year, and were a shade lighter in condition, generally sound and of good length. There was little difEerence in the condition of the Merinos as compared with those offered in the first sale last year. "The catalogue for crossbreds contained a big percentage of hogget wools, which through the season being partieularly wet in the early part of the spring, and also due to the lack of feed, resulted in these wools being a little thin in the fibre and, in some cases, weak. Ewe wool, although a little lighter in condition, was fairly bulky and showed good colour, "As compared with the previous saies held in the Dominion, and taking into consideration the lighter condition of the wool, the market can be quoted firmer by -Jd per lb. An extra super combing halfbred ewe and wether lot brought 22|d, which is the top price for the Dominion saies.'' The following is the ofiicial range of nrices: —

d d Merino — Super 15J to 18$ Average 13$ to 14$ Inferior 11$ to 12f Fine Halfbreds, 56-58 's — Extra super 18 to 22$ Super 16 to 17$ Average 14$ to 15$ Inferior 13 to 14 Medium Halfbreds, 50-56's — Extra super 15$ to 16$ Super 14 to 15 Average 1 12$ to 13$ Inferior 11$ to 12 Coarse Halfbreds, 48-50's — Ext?a super 14$ to 15$ Super 12$ to 14 Average 11$ to 12$ Inferior 10 ho 11$ Fine Crossbreds, 46-48's — Extra super 13$ to 14$ Super 12 to 13$ Average 11 to 11$ Inferior 10 to 10$ Medium crossbreds, 44-46's — Extra super 12$ to 12$ Super 11 to 12 Average 10$ to 10$ Merino necks and pieces — Super — to 15$ Low to medium 10 to 13$ Halfbred necks and pieces — Super 14 to 15$ Good to super 11 to 11$ Low to medium 9$ to 10$ J*£ssbred necks and pieces — Super — to 12 Average 9$ to 10 Inferior 7$ to 8$ Crutchings — Halfbred to good 9 to 10$ Inferior 7 to 8 Crossbred — Medium to good 8 to 10$ Inferior 5 to 7$ Locks — Halfbred medium to good ■ 5$ to 6$ Crossbred — Medium to good 4: to 6