DUNEDIN WOOL SALES.

Otago Daily Times, Issue 13812, 28 January 1907, Page 4 (Supplement)

DUNEDIN WOOL SALES.

PRICES EASIER. The second and most important wool sttle of the season -was opened on the 23rd in the Victoria Hall. Altogether 10,110 bales were offeree! by seven different selling brokers. The offerings were exceptionally large, but in other respects the market was in marked contrast to the December one. In December last, when tho first sale ot the season was held, prices opened well, and every section of the trade competed eagerly for what was offered. Yesterday almost the reverse was tie case, although the Home, Continental, and colonial buyers were as fully represented as on previous occasions, tlx> fellmongery industry being also well represented. Tho apathy and disinterestedness of sonic of the buyers were in marked contrast to previous sales. The Continental buyers, for instance, wore bidding fairly well, but at icduced markets on tho whole; irhilo the Yorkshire buyers were particularly indifferent o» to whether they secured any wool at all unless at a. reduction of about one penny per lb on December rates or «t their own price. .Well-grown Olago wools were eagerly competed for by tho local woollen companies and American buyers, and these realised pricee almost on si par ■with tho exlieme rates tha J . were current in December last. Prices, generally speaking, wero decidedly easier. The information cabled yoateiday that there was an easier feeling in the London market in regard to medium and low-grade wools may have affected the local market in so far as these classes wore concerned. Taking the market all round, buyers wero not disposed to purchase freely, and a large number of lots woie passed in. Tho withdrawals were also fairly heavy, thU being probably due in some cases to growers previously expecting tha.t they would obtain higher prices than were realised, and in other cases to growers considering less mas being offewd for wool than could bo obtained on the London market. Prices for l>est lots reached as high a level as in December last The condtion of the southern wools was good, they being drier, although ashade mote tender than usual. A disfigurement to the wool in many cases was the presence of the well-known "bid-a-bid." whioh, owing to the drynees of" the season, seeded earlier than usual. The top ■ price reached at the December sales—namely, lod— was again touched yesterday in 'Messrs "Wright, Steplienson, and Co.'s offering of the well-known lialtbred woo! N over Abbotsiord— Messrs Or. and J. S. Jv'ichol, Abbotsiord ■Station.