THE WOOL SALES.

Otago Daily Times, Issue 13811, 26 January 1907, Page 10

THE WOOL SALES.

Donald Reid and Co. (I-td.) report as (ollcwßr—The second wool sale ot the season's ueiics was bold »t -tho Victoria Hall on Wednesday, 23rd January, the total number of bajes catalogued being IG,-1O!) bales. There wa.3 again a. very fun attendance of buyers, English, foreign, and co.onial manuiacturers being well represented. licpresentiitives of tbo llosgicl, Roslyn, Brace, Oamaru, and K«iapoi Woollen llills were nil in attendance, osd their wotl-sustaincd bidding gavo good support to the salc3. Tho bngiiwi and foreign buyers were also strong competitors for ail wools suiting their requirements, and' thpy bid freely up to mil values. Tho wools catalogued by us were on tho whole well grown, bngnt, and clean, and sovoral of the liner sort 3 cvoxed very keen competition. Tho prices' realised for all light and bright wools we're quite on ft par witn those ruling at our last sale, whilo merino 3, medium haUorcds, and all woois in heavy oondition mot a somewhat slow and irregular sale, and prices for these sorts ruled rather in, favour ot buyers. Tho aalo may, however, bo characterised as a- succesuiul one throughout, and aitnough somorthat irregular, except iu a few cases where bidding did not ieacn valuations, tno bulk of tno caialogue was sold under satisfactory competition. Uur catalogue comprised 2600 Dales, of which 2-183 bales wero disposed of at auction, and 117 bales were passed in, prices not reaching valuations or owners' reserves. Tho following nhowa a , few ot tho top prices realited:— — over P over —, 5 bales 15d; it over JiH 2 bales Ujjd, G do 14Jd, 7 do H}d; M in Diamond, 4 bales HJu; Kawarau l'aliS, 7 bales lid; Tnangio over KC, 5 ba.es Ud; S (reversed) S over 25 in square, U bales 13-M-Thiatic, 2(i biles 13J<i; Jji over Mount Hnj 5 bales I3jdj Mb over Jnvcrloehy, 3 bales laid.

Messrs Wright, Stephenson, and Co report as loilows:-i'Jie second scries of sales ior tho current season was commenced on Wednesday, ajrd inst., iiad continued the following day. There was ; again a spieiidid muster ui buyers, every bench being occupied, while tho wool-growers of Otago, as is usual at this sale were present in strong lorce. Contrary to the general anticipation, mere was an irregumrily HDout the bidding that was quito loreign to tho December saies. When tnese took place every bin er. appeared .to hnvc complete confidence in tho luturo of tho market, and mado his bias with a freedom that was uuiriicdly absent at tho current scries. A'o ooubt tno clmiigo was duo to the lact that on lucsday cablo news from London announced a decline of from 5 to lu per cent, on all medium-class wools. Hie sa.o was a dragging ono throughout, and, barring special lines in some oi tho most famous Otago crossbred clips, bidding lucked spirit, prices, with the exceptions indicated beiu" distinctly below the rates established in this market at tho December sale. Wool-growers generally were not prepurcU io submit to llio reduced figures oitered; indeed, numbers of them had-such inflated ideas of tho worth of their clips that business was impracticable. In consequence, wituUriuvals were on a much larger scale than is customary in this centre. Ihe catalogues submitted were large ones, the total oifuriug comprising 10,110 Dales, of which, number our clients were responsible for 4377 bales. Comparing values current at this series with those ruling in December, we quote as follows:—Choicest Jialibreds, at par; good haltbreds, a shads easier; tender haltUral hoggets, Jd to let per lb easier; medium and low Jialibreds, Id per ib easier; strong .bright, wclibrod crossbreds of the Lineoin stm Koniney type, unchanged; ordinary cross-i breds, jd to id per lb easier; low crossbreds, id to id per Ib easier; superior pieces, un. changed; ordinary pieces, id per lb easier; low-grade pieces and locks, Id per lb easier; superior merino, unchanged; good merino M per lb easier; medium and heavy merino,' id per lb easier. Tho following lots realised highest prices in the respective C;asses:— italfbied.—A , over Abbotsford: Four bales first combing lialfbrcd lad. Crossbrcd.-i\ over Abbotsford: Thirty-six bales crossbred wether Ud.

Merino.—N over Abbotsford: Two bales A combing merino wether 13Jd. Quanerbrcd.—Argyle: tight hales first combing qimrtcrbrcd lid. Pieces.—OT over Moa Flat' Downs: Four bales first pieces haltbred 12ld.

KVERCAIiGILL SALES. (Per United Pkess Association.) JiSVERCARGILL, January 25. The wool sales were opened this afternoon. Competition was not' as keen as at tho last sale. The wool offered was mostly crossbred, and was in :nther better condition than at the corresponding sale last year. A total of 8385 bales was ottered, tho selection king better than that offered last year. Tho best price realised was 14Jd for fine halfbrod. Medium sold from 11 Jd to inferior, IOJd to 10d; fmo crossbred, 13d to 12Jd; medium, 12M to 11*J; inferior, 11 Jd to lOJd; strong crossbred, 12d to Utl. Merino ranged from 105 d to 9(1. Taken altogether, the price of fine wools was about equal to lliat ruling at the last sale, but wasty and frailty sorts were from Jd to Id easier. Bellies and pieces were fully l<l lower.

The second Invereargill wool sale of (li» season was held this afternoon and evening in tho Victoria Hall, a large number of foreign and local buyers being in attendance. There was also a very largo attendance of wcoigrowers from nil over the district, who followed the proceedings with keen interest. Thcro were 8335 bales catalogued, nearly all crossbred, mm n/.oro halfbrcd than in the' last sale. The condition of tho wool was better than at tho' corresponding sale of last year, very :iU;o bid-a-bid being seen. Taken all round, the sale was considucd about as satisfactory as last. With a much laiger catalogue there-.was a better range- for selection, and tho competition was somewhat keener for the better .classw of wool, the ..highest price reached being 13|d. Bellies and pieces touched as high as llMd, bill the competition for these wa.3 not so keen, nor was the ra-ngo of prices so high as at last ?ale. The following shows tho range of prices:—Good halfbred, 13Jd -to 12d; medium, lljd to lOJd; inferior, 10.'.d to IOd; fino crossbred, 13} c] to 12Jd; medium, 12»d to lHd; inferior, lljd to 10.'.d; strong crossbred, 12d to lid; medium, 10M to IOd; inferior, 9Jd to 9d; merino, 10£ d tq 9d.

■ LONDON, January 25. (Received Jan. 25, at 3.5G p.m.) At the wool sales the demand was brisk, and there was keen competition for finest iue;inoß. Prices are unchanged.