WOOL SALES

Hokitika Guardian, 22 December 1932, Page 8

WOOL SALES

A HEALTHY DEMAND

CONTINENTAL ACTIVITY

DUNEDIN, December 20. The first Dunedin wool sale of the 1902-33 season, by the smallest of margins, improved the price level that had been established! by the finst auctions at Christchurch and Tiinaru, but the outstanding feature of the market dis the fact that wool-growers are still selling at below cost. There wa,s a good bench o|f buyers, and, rbankts cnce again to foreign competition, there was a very fair demand for the finer types of wool. There was little in to-day’s sale to 'Justify the hopes that had 1 been engendered by reason of advices from Bradford that a higher range of prices, would rule for crossbreds, but in respect of fine wools the, market was fair, being from par to £d better than was the case at the two northern sales already hold in the South Island. The fact that the market did not consistently display the full buoyancy expected of it need not, however, spilt too dull on edge on the hopes for future sales of the present season. The first sale has at least furnished evidence of a healthy demand. France and Germany were brisk operators throughout the sale, arid Japanese competition on the average to good top-making wools showed rather more vigour than usu n 'l. Yorkshire was an. appreciable competitor in

respect of restricted lines which suited its particular roquireujicpf'S, but tlie English trade lias not so far this this season shown the vigorous buying attitude necessary to keep it in the running with the Continent. Top price for the sale was the same as at the corresponding sale last year, and for the second year in succession, Mr 11. Jiipp, of Moutore Station, Oh at to Creek, has headed the* market with choice lots of extra istiper merino whkih exceeded Is per lb. Mr Jupp secured! 12*d for six hales of super merino, and sold the remainder of his (dip at satisfactory prices, which included 11 id for hogget wool, lid fur su,.„. t . lval'.fhred, and 10id for super halfbrod ewe sold at Is per lb. for Mr hallbre ewe sold -at Is per lb. for Mr F. Mathias, of Waipiata, and a great maiiv other growers secured up to lid for similar lines.