Keen Bidding Marks Dunedin Wool Sale

Sun (Auckland), Volume III, Issue 889, 5 February 1930, Page 10

Keen Bidding Marks Dunedin Wool Sale

PRICES FIRM SLIGHTLY LARGE QUANTITY SOLD Press Association DUNEDIN, Tuesday. The second Dunedin wool sale of the season was held today, when a total catalogue of 23,000 bales was offered. There was a full bench of buyers, representing Britain, Europe and America, as well as local mills, and a few speculators. At this sale a good number of wellknown brands is always represented. Some half bred and Merino clips from Central and South Otago came forward in splendid condition, while the offering of lustrous crossbreds was fully up to expectations. A rough winter and an adverse spring had detrimentally affected the hogget wool, which was more tender and thinner than usual, and not so well grown. Owing to reports from other centres of. the fall in values, a few growers withdrew their clips, but the greater majority of the sellers decided to meet the market. Bidding was wonderfully animated up to a point, and was well spread. The local mills were strong competitors for all superior wools suitable to their trade, while Bradford buyers lifted the major portion of the crossbred and medium lialfbred fleece. The Continent was a heavy purchaser of all kinds of pieces. The prices realised at today’s sale were hardly up to the December rates, but were better than have been ruling at other centres. Fully 75 per cent, of the offering was sold at auction. Compared with the December sale, prices were back from Id to 2d a lb., except for pieces, which, showed a greater decline. Following is the range of values, compared with those ruling at the sale in December, 1929: — Dec., 1929. Feb., 1930. Merinos— d d d d

Extra super . . — 16 Super 13 to 15* lli to 18 .11 to 12 h 9 to 10 2 Inferior .... 0 to 101 72 to 82 Fine Halfbred— Extra super . . 1 6 151 Super 13 to 15 112 to 131 n* to 12 h 9* to H Inferior .... 10 i to 11L S to Medium Halfbred— Super 1-3 i to 159 l l i to 14 iii to 91 to Inferior .... 101 to 11 7 to 9 Coarse Halfbred — 11J to 14 91 to 11 101 to 11 Inferior . . . . 9 to 92 Fine Crossbred — 11 to 12 9-1 to 10 -Average .... 10 to 10* Inferior .... 81 to 92 61 to 72 Medium Crossbred11 to 12 91 to 10 10 to io*2 8 to Inferior .... S 1 to 52 to 71 Bellies and PiecesMerino: Good to super 11 to 121 10* Low to medium 8 to 101 o to Crossbred: Good to super 81 to 61 to Bow to medium G to 8 4 to G Crutch ings: Medium to grood 7 to Inf. and seedy 4 to Locks .... 3 to ° 3