DUNEDIN WOOL SALES.

Otago Witness, Issue 2762, 20 February 1907, Page 9

DUNEDIN WOOL SALES.

The third wool sale of the season 1906-07 ■was held in the Victoria Hall on the loth in st., some seven brokers participating. Messrs Donald Reid and Co. (Ltd.) report as follows: — The third sale of the season's series waa held yesterday, when some 2590 bales were submitted by the various brokers. There was again a large attendance of buyers, English, American, Continental, and NewZealand Woollen mills being well represented. For the finer sorts of long stapled wools, light and lustrous, there was very satisfactory competition, and this class of wool mad© prices quit* -on a par with those ruling at our former sales. The bidding throughout was somewhat irregular — this to some extent caused by some of the late-shorn clips being tick-stained and soiled and heavy in grease. — but on the wihole a fairly satisfactory clearance was effected at prices which, taking into consideration the condition of the wools, was about equal to, and, in some cases, in excess of those ruling at out previous sale. Pieces and locks were in special request, and prices ruled from J<3 to id per lb in advance of those obtainable at our last sale. Our catalogue comprised. 558 bales, of which 500 were sold at auction and 58 passed in, as bidding did not reach our valuations or owners' reserves. The fourth and last sale of the season will be held ou Thursday, March 7. The, National Mortgage and Agency Company (Lid.) report having beld their third wool sale of the season yesterday, when they offered a catalogue of 259 bales, made up principally of late- shorn clips and o&dinents Thero was a fair attendance of buyers, and competition was brisk. The demand for clean bright lustrous wool was as keen as ever. while medium and inferior were slightly in favour of buyers as compared with last sale. Pieces, bellies, and locks were again in great demand, and brought fine prices. Their best prices were . GrC under bar, 3 bales crossbred ewe Hid , JN, 3 bales halfbred ewe ll*d ; CA over T, 7 bales lialfbred necks lljd, 9 bales s^econd pieces lid A bales second hogget pieces lOd, 12 bales third pieces 9£d , JB over Heart. 8 bales crossbred lljd ; HM conjoined. 5 bales cros«bred lOJd; S. 5 bales crossbred ewe lid. 4 bales crossbred hogget 10id , WGT under bar, 3 bales crossbred Hid, ST over B, 14 bales crossbred lid The New Zealand Loa-i and Mercantile Agrency Company (Limited; held their thjrd sale of the sea^Ofi yesxerday, and leport a= und?r — We offered a catalogue of 430 bales to a representative gathering of buyers, a I the principal operators of the previous sales vith "ihs exception oi two or three being present. In sympathy with, advices Irom London, prices for faulty and heavy-condi-tioned crossbreds were certainly easier, although nei so much so as we- might have expected. Fine crossbreds sold quite up to values ruling at last series, while halfbrrd was much the =ame. Merino was slight'y m-<re in demand', selling lA from 5 to 6 per CMJt. ovei prices offered at the last series ; while all classes of pieces and locks were keenly competed for at values ruling at the previous sales. Our sale vas composed principally of oddments for the season, with the exception of Mi D. M'Leod'* -well-known Camard brand (merino), which sold at from Hid to lOJd for fleece; Ist pieces, lOJd; leeks, 5Jd. Mr D. A Cam-eron'a (Nokomai) sold to 12Jd) for halfbred. The rang* of values were much <^s quoted at our last saie, except that Ktexino, as stated above, was clearer bj from id to Jcl ppr lb. Mfrssre Dalgety and Company report 2& follows: — The third series of the Dunedm wool sales w«9 held yesterday, when 2595 bales were offered. To this total we contributed 568 bales, and so!d. including private Bales ex last catalogue, 701 bales. A number of buyers having le£t New Zealand for. the

season, the attendance was not so large as the January sale, but, notwithstanding this, tLere nas good competition for all descriptions except the better clas3 of crossbreds suitable for Anienca, which showed a decline of fury a halfpenny per pound. Bidding for vasty and mieiior sorts, too, was very irregular bu<\ on the other hand, the demand fo; mermoa was much keener, and all passed lots showed .in advance of a halfpenny to a penuy per pcund. The same Temark applies to pieces, bellies, and locks, which made splendid prices. "With the exception of a few lota of supei. crossbreds, which failed to leach owners' ideas oi values, our catalogue did not include any extra choice lines, the bulk being made uj) of back-country clips and oddments Our principal sales were as follow: — jy over Makaroia (Mr John Falks, Makarora), 5 bales halfbrsd !2d, 5 doewell^d, li mermo lOgd, 8 Ist pieces lid ; 95 Thomas, Jones, Clydevale), 5 bales threequarterbred 11 id; Rcckdale over KB in Square, 12 bales halfbred lid; DB (Mr Dugald 8011, Haw«a), 4 bales halfbred Hid; Po, (Mrs B. Paterson, Gladsinuir), 2 bales halfbred B lljd; J W over Edenbank (Mr John "Weir. Gimmerburn), 11 bales lialfbred lijd; RI (Mr R. F. Inder, Xaseby), 2 bales hiifbred lljd, 2 crossbred lid; T over Hi (Mr H J. B. Mumo, Kuiow), 4 bales halfbred Hid. Messrs Wiight. Stephenson, and Co. report a=» follows —We held our third sale for the season yesterday The season, owing to the long spell of dry weather, ha 3 been a rapid one. and. considering the very heavy offerings at the January series, it is not surprising that the amount of wool p U t forward yesterday was not greater The bulk of the wool cfl'fcrcd consisted of late-shorn lots and odd-n-ents generally. There was a capital mustei of buyers, and bidding was characterised by more spirit and regularity than were experienced at last month's sales. The tone of the market was distinctly healthy, and prices were m the main decidedly in favour of the seller. In Bom© instances lots passed in at the second sale realised more money than was then bid, while in other cases they did not do so well; but, taking the sale ali through, it was better than its predecessor. Our catalogue comprised 513 bales. The following lots made top values with us in their respective classes — viz. : Ha'.fbred^ — On account of Mr James M*Lean, Ben. ("Waikaia), 2 bales Ist halfbred wether at 13Jd; on account of Mr B. Throp (Dunedin), — over OT over Moa Flat Dowss, 1 bale A halfbred ewe at 13idCrossbred: On account of Mr B Throp (Dunedin), — over OT over Moa- Flat Downs, 1 bale A cros-sbred ewe at 12d. Merino: On account of Mr Charles Dore (Middlemarch), half, cucle over CD over Washdyke, 10 bales super, merino wether lljd. Prices: On account of Mr B. Tkrop (Dunedin), — over OT over Moa Flat Downs, 2 bales Ist pieces crossbred at lid. The Otago Farmers' Co-operative Association of New Zealand report that there was a good attendance of Home and Continental buyers, and local mills were, as usual, well represented. Owing to the dry season shearing operations have been finished earlier than usual, and our catalogue consequently was not very large for this. sale. All fine crossbred and halfbred wools were well competed for, and realised prices quite on a par with those ruling at the January sales. For earthy wools prices were easier, while pieoe9 of all descriptions were in good demand. We had nothing of exceptional quality in, and have to record no high prices. Messrs Stronach, Morris, and Co report as follows: — Values ail round may be quoted on a par with previous sales, pieces and locks bringing perhaps a 6h*de more. We submitted a catalogue comprising 185 bales, but had nothing of special merit forward. Tbo top price bid at our sale was 12id, the bulk of the fleece ruling from lOd to Hid.