WOOL SALES

Evening Post, Volume LXXXV, Issue 19, 23 January 1913, Page 7

WOOL SALES

POSTPONED OWING TO FOG. By ietegfit>h.-2re6& Associs.tlon.~Copyrighfc. (Received January 23 t 9. 18 a.m.) LONDON, 22nd January. The wool sales have been postponed owing to fog. At the wool sales the following are the prices realised for the fleece portions' of the clips named :— Ardkeen, top price, Hid, average lid; Waipunga, 13d, 1 Hid; Washuka, 12* d, I2dj Crissoga 14d, 12|d; Okitio, 14id, 12|; Brookdale, I4|d, 14|d. I The Bank of New Zealand has received the following cable advice from its London office, dated 21st inst :— "Compared with the opening rates of this series, prices for coarse and medium crossbred wools show a alight improvement. Americans are buying freely." The New Zealand Loan and Mercantile Agency Company, Limited and Reduced, have received the following cablegram from ( their t London house under date, 21st inßtattC:-""The sales progress steadily. As compared with last sales' closing rates pricqi are higher by about par to 5 per cent, for merino scoured, greasy merino, lambs, and fine greasy crossbred ; about the same for crossbred lambs, medium and. coarse greasy crossbred, and. scoured crossbred; and lower by about par to 5 per cent, for crossbred slipe." DUNEDIN WOOL SALES. (BT tBtKORAPH— PRESS ASSOCIATION,) DUNEDIN, 22nd January. At the second wool sale of this season's series there was a very large attendance »f English, American, Continental, and colonial buyers. American buyers were competing for all lots suitable for their trade on the same limits as at the December sales. Owing to a great portion of the wool being tender in staple, and impregnated with seed, these buyers were not able to buy as much as they usually do at these sales. Fine halfbreds were very strongly com;peted for by Continental and Bradford buyers, who forced local manufacturers to pay high prices for the finer class of wools which are necessary for their trade. Best merinos were all sold under splendid competition, and, as usual, were secured entirely forthe mills of the Dominion. Low crossbreds, - although sold under very strong competition, were on art average of par to a, farthing below the December rates, while pieces also sold at slightly lower prices. Generally speaking, the wool opened up in very nice condition, and, on the whole, made a really fine display. The range of prices was as follows :• —

Super half bred ... Medium to good Inferior Super crossbred .... Medium to good Inferior Super merino . . Medium to good Inferior . . . Super ha If bred pieces Best crossbred pieces ' m 1912. 1913. d. d. d. d. 11 to 134 13 to 14 94 to 104 101 to 12J 7* to 84 9 to 10 10 to 122 12 to 13s 8i to 10 9| to 11 7 to 8 84 to 9 11 to 13* Hi to 14 9 .to 10 10 to 11 7to 8 84 lo 9J — 104 to 12 «-< S3 to Qi