WOOL MARKET

Wairarapa Times-Age, 26 August 1939, Page 3

WOOL MARKET

DUNEDIN WINTER SALE. COMPETITION EXCEEDS EXPECTATIONS. (By Telegraph—Press Association.) DUNEDIN, August 25. A total of 3170 bales was offered at the winter wool sale held today. There was a good attendance of overseas buyers, local mill representatives and fellmongers, and, considering the grave international situation, competition exceeded expectations. It was noticeable that fine crutchings were slow in selling and passings for these grades were frequent. The quality and condition of the crutchings under offer were not up to the standard of last year as a result of the extreme weather conditions experienced. Crutchings and skirtings comprised the bulk of the catalogue, with some good average linos of fleece. As compared wit!) northern sales prices were generally easier for crutchings. An extra super line of four bales of crossbred crutchings (suitable for the American trade) made 11 jd. Any fleece wool forward met excellent competition and values were from Id to 2d better than the April rates. The official range of prices is:—

Merino d. to d. 12.'. Halfbred, 56/58's Hl to 12 Halfbred, 50/,GO'S 11 to 12 Fine crossbred 10 to 12 Crossbred 10.'. to 12 Halfbred necks and pieces 7.1 to 8 A Crossbred necks and pieces 7.1 to 8 A Locks ■. 4 to 4 A Merino crutchings 5*| to GA Halfbred crutchings, good 6 A to 7 A Halfbred crutchings, aver. 6 to 7 Halfbred crutchings, infer. 4 to G 1 Three-quarterbred crutchings, good 6.1 to 7.1 Thrce-quarterbred crutchings, average ,) to 6 A Three-quarterbred crutchings, inferior 4 to 5 Super crossbred crutchings to 11.1 Crossbred crutchings. good 8 to 9 A Crossbred crutchings, aver. 6’ to 7 A Crossbred crutchings, infer. 5 to 6