DUNEDIN WOOL SALE

Taranaki Central Press, Volume IV, Issue 316, 23 December 1936, Page 6

DUNEDIN WOOL SALE

DOMINION RECORD HALFBRED TO 26|dl Strong Buying Bv Japanese Mills.

Press Association—Copyright. Dunedin, Last Night. The first series of the 1936-37 wool sales was held to-day. The catalogues, which were submitted to a Large attendance of buyers, totalled over 30,000 bales. The wools displayed fully represented the Otago district, there being on offer early shorn Merino and halfbrted clips from the back country besides Corriedale clips from well known growers and crossbreds from the coastal areas. The latter contained many stylish clips from the Tapanui district.

The quality of the clips was exceptionally good and was considered to be the best on offer for a number of years. The wool generally was very bright in colour, well grown and lighter in condition than usual. Hogget wools showed a considerable improvement on last year’s offerings, r.his being accounted for by the favourable winter experienced. Competition from the outse/t was very keen and indicated a more wide’ spread demand. The main feature of the sale was the strong buying by firms representing Japanese mills. Continental and American orders were on the market and it was stated that a quantity of wool was purchased for Russia and Australia. Although Bradford operators attempted to purchase lots suitable for the trade their limits were too low. Bradford competition, however, was helpful to 4he sale.

Local mills again were a contributing factor to the high prices paid for super halfbred and fine crossbreds. They, however, had strong competi tion for their requirements, especially for halfbreds, and in many cases they were outbid by overseas buyers. Before the sale it was considered that super qualities offering at this centre would result in high prices, but those realised were above expectations. This referred mere particularly to super lii’/.breds and fine crossbreds. Ordinary crossbreds were hrm on recent rates, while pieces were considered io be firmer. A Dominion record was obtained for tlhe first series of New Zealand sales with the sale of four bales of halfbred which realised 26Jd and was purchased for overseas. The grower was the Ormaglade Station, Miller’s Flat.