WOOL PRICES AT DUNEDIN.

Shannon News, 27 January 1925, Page 4

WOOL PRICES AT DUNEDIN.

LIFELESS BIDDING FOR MOST LOTS DUNEDIN. Jan. 24. The second wool sale of the Dunedin series closed to.day. and Dondon sales, according to a report on Tuesday last., showed at opening., a depreciation of values compared with November series of 7 h to 10 per cent, on/Merinos, 5 per cent, on line and medium-cross-breds, and up to 5 per cent, on coarse wools and from these, reports, as.-this sale progressed, were if anything - more discouraging - It was fairly evident, after watching yesterday’s and today s sale., that had the catalogues been unlimited, buyers would have more than filled the orders in hand and large portions of offerings would have been taken at lower prices by speculators, or passed altogether. Bidding could only occasionally be said to have been keen and fast. That the auctioneeis could only average 230 to 250 lots per hour is an indication of the difficulty with which bids were exacted. With a weakening market this, of course, can be understood. While the status, 'tical position of the market is undoubtedly stronger than it has ever been, the slow trade which manulacturers have found following the high prices for wool, in November and earlv December has created a certain state of nervousness in financial, as well as manufacturing circles. Nevertheless, although prices here can be quoted as generally lower all round by lid to 2!d compared with December the average is still wonderfully good and should give satisfactory returns to growers. The bulk ol ‘the offerings were taken hv Bradford, but Continental buyers were well to the fore and lifted large quantities. Some lines may have been taken ioi America, but they wer e not particularlv noticeable. Local mills who preferred to buy their supplies here, it possible, were of considerable help on lots suitable to their trade. As was apparent in the December sale, the prices paid were at limes somewhat erratic and buyers brokers and growers are at a loss understand that differences ar fi sometimes made. The offering', on the whole, was in: good condition, and comprised some of Otago’s well-known clips, which on opening* were found to be m excellent order. Following is the range ox Pl *Merino —Extra super: 33d to. 35d. Super, 30d to 3 2d. Average, 27d to 29id. Inferior, 22d to 26d. Fine half-bred. —Extra super: o3d to 36Jd. Super, 30d to 32 Id. Average. 27d to 29§d. Inferior 24d to 26^d. 'Medium half-bred.—Extra supet 2 9id to 31 d; super, 27d to „9d a\or age. 24id to 26§d; inferior, 2»d to 26 Id to 30d; super 25d to 26*0, ave - nge. 22d to 243 d. inferior, 20d tc2l ML Fine crossbred.' —Super, 25d go 2 7d: average, 22M to 343 d; inferior, I Medium crossbred. —Sniper. 23Sd to 25d; average. 21 id to 23d; inferior. Bellies and pieces.—Merino good to super pieces, 21d to 29fd; bellies 18d fo 25 d; ‘Merino, low to medium pieces. 17d to 20?.d: bellies, Isd to 17: ‘ d = J l f 0 ' l,red good to super pieces, 20d to 271 d: bellies. 16d to - 221d; hall.bied, low to medium pieces, 15d to iju, hollies, 14d to 15id; - crossbred »ood to sunor pieces, lid to nellies., 15d to 13d; crossbred low to medium pieces. 1.4(1 to 16d; bellies. 13d to 14 Cn«tchings.—Medium to good i3Jd io 15d; low to inferior and seedy 9d to 13d: Merino locks, lid to IuML half-bred locks. 11(1 to 14td; crossbred locks. Sd to 12d.