DUNEDIN WOOL SALES.

Otago Daily Times, Issue 12600, 2 March 1903, Page 3 (Supplement)

DUNEDIN WOOL SALES.

"What wns in point of fixlme the fourth, but in point of fact the second wool sale of the eeaion, took'place.as the Victoria Hal! yesterday, commencing at 9 a.m. The attendance, though not so large aa at last sale, was good and fairly representative of wool-growers, buyers, and others interested. Prices, with an .occasional decline, appear to have maintained much the same level 113 at last sale. Thenumbers of bales offered by the respective brokers 'were as follows;— Bales, Wright, Stephenson, and Co 1971 Dalgety and Co 1486 Donald Held and Co. 1272 New Zealand Loan and Mercantile . Agency Company 1260 Otago Farmers' Co-operative Association .. .. 503 Strcnach Bros, and Morris .. .. 450 Farmers' Agency Company ~ „ 173 A. Moritzson and Co. .. .. 121 Total 7118 The anpended reports by one of the selling brokers indicatss the course of the market:— Messrs Dalgety and Co. (Limited) report as follows: —The second scries of the Duiicdiu •wool sales lvere held on Friday, when there was a full muster of buyers and a fair attendance of farmers and others interested. ' The total offerings amounted to 7112 bales, of which ■wo catalogued 1480 bales- The buyers included representatives of the local wool!en mills and English and Continental manufacturers, while speculators and fellmongers were present in great force! The result of the sales came to-day as a pleasant surprise to sellers, who, after hearing'the reports of sales held in other centres.-were expecting to have 1 to submit to a lower range of values. We are the more pleased therefore to be able fo report splendid competition for nearly all descriptions of wool at priccs on a par with those ruling at last sales.- There were, of course, exceptions to the rule, but on the whole the sale was a most sslisfactory one. Tfte only exemption was, perhaps, low gTade and ticky wools. These sold somewhat irregularly, and. on an average, were about $d lower. Ou: eatalougue, with one or two exceptions, was entirely made up of fanners' clips; of which nearly the whole were of medium to low class quality. 'The best price obtained by •us (10Jd) was secured for 14 bales (U reversed over Greenvale) Ist combing merino grown by .Mr Janies If Lean, of Greenvale Station, Waikaia, while two bales clothing and 2nd combing of the same clip brought Sid, and 10 bales halfbred Bd. For Mr J. f'aulks, Mount Albert Station, Makarora, 9Jd was obtained fo.- 14 bales of Ist combing merino, and for ; five bales clothing. Of the 148G bales offered by us 1112 were- sold, which, with 518 bales sold privately, make our tots.l sales since last report 1030 bales. The following are a few of our, leading sales. Merino—For Mr Jas. M'Lean (Greenvale Station, Waikaia)—U reversed over — over Greenvale. 14 bales Ist-combing IOJd, 2 Ist, clothing and 2nd combing 9id; Mr J. .FimlJcs (Mount Albert Station, Makarora)— IZ'over O, 14 bales combing 91d, 5 clotliing Sid;' Messrs Barker Btos (Pombroke)-BV, 2 bales ewe 8d; Mr Win. Marshall (Hough Eidge)—Al over —, 8 biles ewe 3d; Mrs Freeland (Pig I?oot)-FI, merino Bd. Ha'.fbred: Mr James M'Lean (Greenvale Station)—o reversed over — over Grefenvale, 10 bales halfbreu 8d; Mr. William Marshall (Hough Ridge)-AI over —, 2 bales lialfbred ewe 7|d; Messrs Bnrker Bros. (Pembrokc)-BJ, lialfbred ewe 71d; Messrs Kennv Broß. and Brown (Ophir)—Ch»tto Creek, 27 bales GJd; Mr A,. C. Iversen (Alexandra)—AL conjoined, ' halfbred 7 id; Messrs Jackson Bros. (Diamond Peak)—TxN, 5 bales halfbred 7d; Messrs Baxter Bros. (\Vaipiata)—B versed B, 3 bales halfbred 7d; Mr John n ilsori (Ophir)—l2 in triangle, 9 bales halfbred 7d. Crossbred: Mr Hugh M'Kay (Rhiconich) — HK conjoined, 2 bales line crossbred 7ld; Messrs W. and G-. Donaldson (Macraes)— Golden Point, 3 bales crossbred ewe Bid, 7 crossbred hogget s}d, 13 do ewe and wether sd; Mr Mark Roberts (Gimmerburn)—Mß, I bales crossbred ewe 6d. Pieces: Messrs W. and L. Telford (Clifton Station)—C. over \VT, 3 bales merino pieces B}d, 3 2nd do 7Jd; Mr J. Fau'.ks (Mount Albert Station)—lZ over O, 7 bales merino pieces IJd; Mr James M'Lean (Greenvale Station)—lT reversed over — over Greenvale, 2 bales merino pieces 7|d; Captain Jas. Gardner (Birchwood) — Birchwood, merino pieces 7Jd. CHRISTCHURCH, February 19. The fourth wool sale oi the season was held to-day. There was a fair attendance of buyers, but the fact that Bradford representatives were bidding, at substantially reduced limits, while local factories wore already well supplied, had the effect of causing a considerable drop in jirices as compared with thofe realised at the January sales. Of 6832 bales catalogued 3982 were sold. The dcrease in values was most noticeable in merinos, which declined Hd to 2d per lb. In super halfbreds there was a drop of jd to Id; medium halfbreds from ?.d to Jd. For brigh' crossbreds the salo was very irregular, showing in some instances a depreciation of from }d to Jd, and in others a slight improvement, Lower grade wools sold irregularly. The range of prices was:—Greasy merinosuperior, 9Jd to lOd; medium _to good. 7Jd to 9d; inferior, 6d to 7d; halfbred—superior, 8d to B}d; medium.. 6Jd to 7Jd; inferior, 5d to Did; crossbreds—superior, 613 to 63d; medium, 5d to 6d; inferior, 4d to 4|d; longwool-medium to good, 4jd tosd; inferior, 3|d lo 4Jd; pieces and ; 'bellies, 4Jd to 7Jd; inferior, 2d-to id; • locks, IJ3 to 4d. ' AUCKLAND, February 17. At the'third wool'sale 1500 bales were offered. Cojnpiiitiwi cosmegctd, dull, but brightened

considerably towards the close. About half the catalogue was passed in. Finer grade wool, well grown, realised within Jd of last sale. Prices were low for crossbrcds, and in most cases had decreased from fd to Id. The highest price realised for finer" wool was 6Jd. Ono-lofc was passed in at fid. Low crossbrcds averaged 4Jd. Bellies and pieces sold well.