THE WOOL SALES.

Otago Witness, Issue 2804, 11 December 1907, Page 22

THE WOOL SALES.

LONDON, December 2. At the wool sales there was increased competition, and prices for all descriptions -were fully maintained. December 3. At the wool sales prices continue unchanged, and are still very irregular for all sorts. The Pareora clip sold at llfd December 4. The wool sales are animated. Crossbreds sold well, but merinos are rather irregular. December 5. At the wool sales there was keen competition, and prices for merinos were more regular. December 6. At the wool sales there was spirited competition for merinos, which formed the bulk of the offerings. December 8. At tlie wool auctions there was a moderate sale yesterday. Only inferior crossbreds were offered, and sold slightly in the buyers' favour. Merinos are unchanged. Tfie sales included the fleece portion of the Pareora clip, which realised ll£d. To date 170,206 bales have been offered, and 81,132 sold. GISBORNE, December 5. The local wool sales to-day were very disappointing, sellers' and buyers' ideas as to value being far apart. Not a bale was sold, the growers preferring to export to London. " The highest price offered for fleece crossbred was 7d. NAPIER, December 3. The first wool sale of the season opened this morning before a large and representative attendance. The catalogue comprised 7933 i bales, as against 7148 at last year's opening. The air of buoyancy however, then apparent, waa to-day missing. The bidding kept in defined limits, and in the majority of instances failed to reach sellers' ideas of value, a large proportion being passed in. Some of the best crossbred wool, for which last year Is and 13d was offered, showed a drop of 3d. Buyers, too. complained that the wool as a whole had deteriorated, and that the staple was not so well grown nor so good in character as last year. The top price 12£ d was realised for a fine sample of Corriedale wool Fine cro««;breds sold up to 9£d, medium crossbred up to Bjd, and coarse up to 9d. Best halfbred brought up from lid- The drop was from 2d to 3d per 1b all round 1. WELLINGTON, December 6. The 'decline in values which was noticeable in the opening wool Ralos of the Wellington series again prevailed to-day, when the second sale was held. The wool offered was not of very good quality, though there were a few lots that were exceptions to the rule. For these finer wools there was active demand, but in respect of others the November drop was accentuated by to Jd and even Id per lb.