WOOL SALES.

Otago Daily Times, Issue 13206, 13 February 1905, Page 3 (Supplement)

WOOL SALES.

THIRD DTWEDIN SALES. The third wool salo of tho season's serio* ■vvaa held at tho Victoria Hall on Feb. 3. There was, if anything, a larger attendance of buyers and those interested than at tha prior salo; but owing to the decline in the markot sinca then the bidding for all descriptions of medium and low crossbred wools lacked animation, the drop in respect to these being variously estimated at from 3Jd to lid per lb, while in the case of the fine wools prices were as good as' thoso ruling at last sale. The total number of bales offered by the various brokers was< 61G5, contributed by tho various brokers a< follows and sold in the following sequence:—

Competition for the choicest of the merino wools submitted and for super halfbreds certainly was no stacker—rather the reverse, These, however, wfcro the qualities required for tUo American demand and for the use of all the local factories, and commauded attention not accorded to those wools suited only for buyers operating on account of the manufacturers in Britain and ou the Continent of Kurope. For all descriptions o£ medium and low orossbrods, ns well as for) heavily-conditioned merinos and three-quarter. ' bred longwools, bidding ahowod very livJo animation,, and those present ovidenced no anxiety to operate in these descriptions except at a decline of Id to IJd per lb on pricescurrent at the previous series. The proportion of passed-in lots in the largest' catalogue was as great as wo hava ever known it to be, and, whilo no doubt the reserves fixed by vendors were in seme cases beyond what the present condition of tho London market justifies, ' there were many instances where the prices were reasonable enough, and it was evidont that tho prices bid were bated on tho anticipation of c, further decline. The following tablo shows current irool values: —

NAPIER, January 25. Tho second wool salo of the season was hold ' hero to-day, when a; total of 9007 bales was ■■'. offered—the largest quantity yet brought under tho hammer at a local sale. There was also a .record attendance of foreign and local buyers, • but jn sympathy with latest London advices and tho fact that the reserve values wero very high the bidding at first was slack. Matters ' improved, howover, as tho salo progressed, and ' although a number of tho lots were passed in;.'.;' the majority of these were afterwards quitted at satisfactory prices; but on the wholo prices ruled from Id to Id less than at the December side. There was a good demand for lambs', ■wool. For much of the wool the December rates were fully maintained. Quotations:—: Merino, very little offering, up to 9{d for inferior ; half bred, up to 10J; crossbred, up to 9Jd; coarae crossbred, up to 83d; lambs' wool, up to 9ld; pieces, up to 7Jd; bellies, upt« , 7}d; and locks, up to 5Jd. WELLWTON, January 27. At tho wool sales 8250 bales wero ■'.-. offered. There was a largo entry of mediuiri.' crossbreds, which Rt the previous sales would •■ have realised 9{d to 9Jd. These sold at BJd to fld. Halfbrods sold at 9}d to 9jd, against 10d to IOJd last month. The decline may,be put at! Jd to Id on coarse wools, and Jd on fine .wools. The r'angj of prices was:—Halfbrcds, 93 to'-. OJd; superior crossbreds, 9d to-9Jd; medium, Bid to'9d; coarse, 8d to BJd; inferior, 7d to, Bd;Jombs, 7d to 9id; bellies and pieces, 6d to 7d; locks, 3d to $ l-3d. ' ''•.;- TIMAUU, January 31. ':.' ■ At tie third wool, sale of tho reason, hold- ...- here last nighi, 4000 bales wero submitted. Crossbreds were down Id and halfbreds id. '. compared Tvith Ifl3t 'sale. General prices :'.': Super halfbred, 9Jd to lOJd; medium, 9d to ; :> 9Jd; inferior, 8d to 9d; crossbied and three-;:.. quartorbred, super, B}d to'9d; medium, 7fd V to Bid; inferior, 7d to 7Jd; merino, super, 9}d '■'■'■■■ 'to 9Jd; medium, B|d to 9}d;. inferior, 7}d to BSd; merino, locks, 3jd to IJdj; pieces, 6d;to■••> $li; [bc}lics,,sd.t«j?d. . ■ .-j■.'>,•,,;■:;; .\ \p^}],;

Biles* "VYright, Stepbeason, and Co 2050 i\.Z. Loan and Mercantile Agency Co. ., 940 Donald Beid and Co 11G1 National Mortgage and Agonoy Co. .. 320 Stronacb, Morris, and Co. 381 Dalgety and Co. .. ... ... 1093 A- Moritzson and Co ....... 50 Otugo Farmers' Co-o»erativo .... .. ., 470 Tothl .. 6465

Medium ta Superior. Good. Inferior. Creasy— d. d. d. d. d. d. Half bred .. 12JtollJ 102 to 10 3Jto8J Merino ... — 10 to 0J 9Jto8J Crossbred .. lOHolO DJto 9 8Jto7i Longwools - gj fo 9 8Jto7J Pieces .. 10 to 8J 8Jto 7J. 7Jto5J