THIRD WOOL SALE

Evening Star, Issue 14490, 15 February 1911, Page 4

THIRD WOOL SALE

CONTINENTAL..BUYERS KEE2L

AN". ADVANCE - ALE HOUND.

Tho'third wooLeale took place to-day In the Art Gallery Hall, under tho most healthy •conditions, Continental buyers-bid-ding so spiritedly that the hulk of the wool sold at prices materially ahead of theso brought at the last sale. The coinpetition for pieces was particularly keen, the advance in.some cases extending from over jd to l J d per lb; and half-bred wools obtained from a id .to -|d per lb more-than-at the January sale. Some of tho poorer conditioned wools, which received little or no attention then, elicited keen bidding at this fixture, and iii-one or two cases lots passed in. formerly brought 2d ])cr 3b more "through being- held back till to-day. These facts impress tho-outsider at once with the fluctuations of the wool market. Unfortunately, when tho second sale was being held (the principal sale of the year) news of x very depressing kind v.-.-js reemed from*iLondon, and the deproseion was immediately n-ueclul i!i uie pun::-. o;o. and the slugcish competition of January 19. Principally, as has been said. Continental buyers-are responsible for the additional interest shown, but it is evident from the accompanying keenness-of the buyers representing houses in England that both sections have in the last few days had their limits substantially raised. Close on 90 per cent, of tho 9,140 bales offered were sold under tho hammer.

Tho Otago Farmers' Co-operative (who sold first) report that the greater part of their catalogue was cleared under very spirited competition. Amongst their best sales were on account of the following: R. Hastie (Kohonga), Corriedale, at John Coyle (Kycburn) half-bred, 9|d; Chas. Inder (Naseby), hall-bred, Mulholland (Gimmerburn), half-bred, James Ross (Palmerston), half-bred, lOd; E. O'Connell .(Rock and Pillar), super cross-bred, lOkl; James Scott (Gimmerburn), merino (58 bales), 9Jd ; J. B. Coram Waipiaia), half-bred, 10|d; Blakeley Bros. (GimmerbuTn), half-bred, 9^d; J. Townsend. jun. (Waikouaiti), lialf-bred, half-bred, 9|d; A. J. Webb (Waipahi), cross-bred, lOjJd; H. F. lilatch (Lynwood .Station), half-bred, 9|d ; T. Russell (Pembroke), half-bred, 9-Jd. Wright, Stephenson, and Co. report as follows :—Tho third sale of the current season was held to-day, our offerings amounting to 2,034 bales out of a total of 9,117. There was a splendid sale for all classes of wool, and tho proportion sold under the hammer was greatly in excess of (lie Tstio at the January auctions. The circimiFtanccs as a whole were, indeed, in marked contrast to those of the second series, the uncertainty and want of confidence.' tlien apparent having now disappeared Though buyers are still operating with a certain reserve, they show no lack of keenness in competing for the wools offered, and as a result prices for fleece of the various qualities may be quoted at from a halfpenny to a penny in advance of those current at last month's sale. On pieces there is a still greatter improvement, amounting to a pennv to Uiree halfpence per lb. Tho following table shows the comparative range of prices at the January and February ?alcs : January. lebruary. d. 'd. d. d. Super merino .- ... 10|tol2 - Medium merino ... 8* to 9i 8 2 to d< inferior merino ... to 7J, ?i to 8* Super half-bred ... 11 to 12> Medium to good „ , «„, half-bred 8* to 10J 9 toIOJ Inferior half-bred ... 6A-to 7* to 9 Super cross-br.-d ... 9j>toll 10|tolli Medium cross-bred 7j to BJ, b' to 'J4 Inferior cross-bred 5j to 6£- to 8{ Super pieces ... 9to IG| Heavy pieces ~. SJ, to 6£ 5J to 6| Medium pieces ... 7to 1% Ito 8j