WOOL SALES.

Otago Daily Times, Issue 8398, 23 January 1889, Page 5 (Supplement)

WOOL SALES.

Donald Ukid and Co, report under date Thursay, 3rd January ISSiI. as follows:—We held ur first sale of the season to-day, at our wool tores, Cumberland, Jetty, and Vogel streets, ommeneiug at 10 a.m. There was the largest ;atliering of buyers ever seen in Dunedin, including epresentativea of English and American buyers, oeal shippers, fellinongers, and the representatives if Mosgiel, Itoalyu, and lvaiapoi woollen mills. L'heru was also a good attendance of growers, who ,ook a keen interest in the proceedings. Bidding ,vas spirited, more especially for line combing half)reds and lightoonditionedorossbreds. l'riees ranged Id to I-jd lusher than last year, There was also an improvement of Id to ljil on tlm coarse crossbrcds ; merinos were also well sought afli;r, lint of this wo .iid not offer anything very elioioe. Pieces were in special favour, and prices realised must meet with growers' approval. Altogether the 6;ile was one ot the most successful ever lield in Duuedin. WitwuT, S'rai'iiKSsox, and Co. report as follows: —We held our opening sale lor this season nt 2 o'eloelc yesterday, and without doubt it was tile must successful we ever remember having held, as may be judged trmn the fact that out of lu2o bales offered only one lot was withdrawn, and that because an extreme reserve had been placed upon 16. The attend nice of both loe d and foreign buyers was the largest we ha;e seen t.iuue we have been in business heic, and the bidding could scarcely have been more satisfactory, each lot bting invariably started at within a traction of its selling price. Keen eompttiliou win (.he order of Ihc day, and it mist have been evident to the large, eoueoiiise of woolgrowei'3 that was present that, the Dunedin sales a.c now counted of 6uflicieut importance 1.0 attract tlm representatives of many ol Ibe leading manufacturers in all parts of the world ; and there can be no gainsaying the fact that if all woolgrowers would offer their clips hers and make a regular practice of it, instead of shipping to London, buyers would be forthcoming for tticm.and at prices which would make the time-worn custom of shipping to London, and taking just what can be obtained for them there, a thing of the past. In Melbourne and Sydney woolgrowers are far ahead of us in this rcspeot-rii/tf the magnitude of the sales in theso two centres and the very excellent, pricrw t.hat are obtained at. them. Another matter that wool-growers overlook is l.liv very lniT.u quantity of wool now required in i.hi) colony tor the colonial mill-i, and ol course our local manufacturers arc in a position to give considerably more for iheir requirements than I he. London equivalent; and, as a matter of fact, they do give more. .lubt as an example we would state that the thiee highest, priced clips in our c ifa'.ogue to-day were bought by Mcssis JJots mul Ulcnciining lor tho Kislj-n Woollen and Worsted Hill vi/. .X, under Lav. -JJ Ink's very choice Inill'lu-cd al. 11^1 piir III; I'liMlialea very choice lmlfnri'il 1)5.1; and ll..rseshoc iiii lules line croesbred u-id per II). Fignieu biicli as these should conxince growers generally (hat in not offering their wools here, especially iii s-uch n 6casou as the present, they are acting prcjudieiously to their own beat interests, and we hope our iit'st anlc, nn 17t.1i iust., will attract a largo immlU.y of wools to it that have not hitherto been tiled in this market. Including the Tapui Downs clip sold privately, our sales this week amount to IWJ bales, as per pi iced catalogue subjoined. Jlcssis AiiTUUR 31'J)oXAi.n a.vo Co. report bs follows: -As c-msisk-i-alj'.e interest, has be.-v taken in ' til-question of who w.i» ti liell alter Donald Keid ; and 00.. we will eimply s'iy llml. I lie buyers have Bhow.-. the OMlerliroki'i-s l.hiit their del eriuination to s\ipporf us was U"t li be hlisiken for I hey pnvve led i loom sale iinii]i.-di:il.tlv Mea=ra Donald lieid aud Co. ' had iinialu:.l; Hurt as all those «h,> Mere, at | the vat ions =iiles to-day can uglify, the wools we sold made the likhcst prices, Quality cousiiicrtd. : Ruler

ring to the sale, it is with pleasure we record that there was the largest attendance of buyers present that has assembled iv any saleroom fn auw Zealand since 1872, biddings 'were of a must excited nature, and the utmost enthusiasm prevailed; the competition was keenest from the large gathering of linglish, Continental, aud American buyers, and preference was given to large lots. Fine hnlfbreris light in grease and well grown are worth lid to Is • medium do, PJd to lOj'd ; crossbreds light in grease' 9£d to lid; medium, Sid to 'Jjd. There is active inquiry for choice merinos, but our catalogue did not include any.

Don'ai.d Stkoxach (on behalf of the New Zealand Loan and Mercantile Agency Company Limited) reports as follows:—We held our first sale (or this season at the Otago Wool Stores, lower Kattray street, on Friday, 3rd inst., when we had a very much larger attendance of buyers present thim v,> have hail tlm pleasure of seeing /or a considerable number of \ears at our auction Bales. 'Ihey included English, Continental, and American representatives also several purcLasers from Canteibury, in addition to our local buyers. Competition throughout the slb was marked by considerable vigour. Aditpn°itiou to operate was freely manifested, both by loc'.l and foreign buyers, particularly iv light-conditioned well grown line crossbreds and halibreJs, also in light «oo(l combing merino, suitable for the American market, as buyers on this account show the greatest desire to take all such wools at prices considerably in favour of the grower, as compared with the result, of shipment to London. The wools submilted were for the greater part what may bj described as medium quality. On the whole this has been the most satisfactory sale we ever held he:e, and tin; prices obtained may, we think, be r garde'd as very satisfactory. Greasy crossbred sold at lid to lid; do halfbrej, at Sd to 10* d; do medium and strong crossbreds, 7d to 9d ; do merino (of which we had ii poor selection), 7}d to !)jd; slipecrossbred 8!d to lOd ;do lialfbi'ecf, ltd to Is; 6coured combin" merino. Is 3d to Is ojd ; do do crossbred, Is Id to Is ojtl. Wo catalogued 1037 bales, of which we sold 914 ; also privately a clip of 190 bales, makinw in a u 1104 disposed of up to the present. Jleid, Maclkax. and Co. report as follows—We held our first wool sale of the season at oui wool stores, Princes street south, at 10 o'clock on Friday, 3rd inst. There was a much larger attendance of buyers than iv any former year, and every lot was keenly competed for, but light conditioned fine wools suitable for the American buyers were moat in demand. Prices showed a general advance on last year of Id to l£d per lb. We venture to say that m a very few years the bulk of the wool will be submitted to public competition in the colony, as manufacturers can afford to give much higher prices when the wool can be sent direct to their own works, thus saving great delay and expense. There was also a large attendance of woolgrowers, who Expressed themselves highly pleased , ut the result of the sale. *

The second series of sales were held on the 17th and lSlh inst., and were quite r.s successful as the first sales.