VALUES FIRM

Wairarapa Times-Age, 20 December 1938, Page 8

VALUES FIRM

PRICES AT DUNEDIN WOOL SALE COMPETITION MORE WIDELY SPREAD. CONTINENTAL' BUYERS ACTIVE. (By Telegraph—Press Association.) DUNEDIN, This Day. A full bench of buyers faced the auctioneers at the opening of the first of the Dunedin series of the wool sales. Altogether, 24,273 bales are to be auctioned. An excellent start was made over 9000 bales having been cleared in two hours. Values throughout the morning were firm on the Timaru market. Over 90 per cent, was sold. A noticeable feature was that competition, which was lively within buyers’ defined limits, • was more spread than in northern sales. The Continental operators were the principal buyers, with strong support from Bradford. Germany was not in to a great extent, Japan also making small purchases. Local mills were in the market for super lots and were buying more than in' the north. France was taking the skirtings on offer. Belgium was also interested in this market. The quality was not quite up to Dunedin’s standards. Ewe wool was somewhat shorter and thinner in fibre and the bulk of hogget wool showed the results of adverse weather. North Otago wools, however, were better grown and more free from dust than usual. Central Otago clips were patchy. Practically four catalogues, covering nearly 12,000 bales, had been cleared at lunch. At the adjournment the top price realised was for four bales of super combing fine halfbred ewes and wethers, 15 jd being paid for this consignment. Another.five bales lot of extra super halfbred ewes and wethers brought 15d. Both came from Clyde. The price of 15d was also secured for five bales of super combing halfbred ewes and wethers from Teviot. These lots were taken by local mills. Super fine crossbreds were cleared at from lid to 13),d: Medium crossbreds, super quality, brought from lOd to ll.jd. Good to super halfbreds generally sold at from to 113 d. There appeared to be some laxity in the matter of skirtings, which evidently do not receive sufficient attention. Useful clips were. marred by the presence of these fatty skirtings.