TIMARU WOOL SALE

Evening Post, Volume CVII, Issue 32, 9 February 1929, Page 11

TIMARU WOOL SALE

(By Telegraph.—Press Association.)

TIMARU, This Day.

The second wool sale of the current season opened last night, and was not concluded till a late hour. Tlio catalogues aggregated 22^472 bales. There was a full bench of buyers. The Continent and Bradford were the chief operators. Bidding was somewhat erratic, and prices generally were slightly easieri than'those current at previous sales, both in Timaru and elsewhere. Iv numerous cases the reserves- were a shade higher than' buyers' ideas of values, but in spite of this about 90 per cent, changed hands at auction. The wool opened up in slightly better condition than was the case at the corresponding sale last year. It was somewhat lighter in. grease, and, although a portion was tender, this percentage was not large. Some of the clips showed evidence of dust, but generally they were sound and well grown. As compared with the December sale, there was a much bigger offering ofmerjno wool, and, although it was mostly noglected, there was some demand for it .when the third catalogue was under auction, five bales from Mr. Roland Guinness's Ealing flock bringing top prices—2lJd. There was a fairly strong' offering of three-quarter-bred wools, 48-50 quality being most in demand. Another section in which the Continent pushed Bradford was for halfbreds of the fine short variety^

American buyers confined their activities chiefly to long hogget wools, and wherever such clips light in condition were subniitted they were not to be denied. . ■ '

Whenever halfbreds suitable for the Dominion mills came under the hammer prices much above tho Bradford limits wore realised. In consequence of a slight decline in prices at recent Dunijdin sales, the growers in this district expected an easing in prices here. This is in sympathy with the downward trend of prices on the London market. In tho early p|rt of tho sale passing's were few, but when merino clips were reached the percentage went up.