DUNEDIN WOOL SALES.

Poverty Bay Herald, Volume XXXX, Issue 12963, 23 January 1913, Page 5

DUNEDIN WOOL SALES.

« (Per Press Association.) j DUNEDIN, last night, J xne second avool sale of the series Avas f commenced here this morning, before a very large 'attendance of English, Con-, tinental, American, and colonial buyers, i The seA'eral firms participating in the | sale submitted a record offering for tlie I Dominion, Avhile the total showed an in- ; crease of 6640 bales over the number jof bales submitted at last year's Jan- '. uary sales, a total of 27, 867 bales being ■ offered. Competition throughout the sale was ■ very animated in all sections, and the prices realised Avere, if anything, beyond expectations. American buyers Avere competing for ail lots suitable for their trade on the same limits as at the December sales. Owing to a great portion of the avool being tender in staple and impregnated with seed these buyers Avere not able to buy as much as they usually do at these sales. I Fine ' half-breds Avere very strongly competed for by Continental and Bradford buyers, Avho forced iocal manufacturers to pay high prices for the finer class of wools which are necessary for their trade. Best merinos were all sold under splendid competition, and, as usual, were secured entirely for the mills of the Dominion. Low crossbreds, although sold under very strong competition, Avere on an average of par to a farthing beloAv December rates, while pieces also sold at slightly loAver prices. As regards the condition of the wool it opened up in very nice condition, and on the AA-hole made a really fine display. ! The range of prices Avas as folows : — 1 1912. 1913.

(Press Assn.— By Telegraph.— Copyright.) LONDON, January 22. At the second avool sales the following prices were realised for the fleece portions of the clips named: —

LONDON, January 22. The avool sales hlave been postponed I on account of fog.

The Noav Zealand Loan and Mercantile Co. have reoeiA'ed' the folloAving cable from their London office : — "Wool. — As compared Avith last sales closing rates prices are about par to 5 per cent, higher for scoured Merino and greasy merino, also lambs and fine greasy crossbred. Prices are about the same for crossbred lambs, medium greasy crossbred, coarse greasy crossbred and scoured crossbred; about par to 5 per cent. loAver for crossbred slipe. Sales progress firmly. The Bank of New Zealand advise having this day received the following cable from its London office re wool sales : — "Prices for the folloAving descriptions sJiotv a, slight improvement compared with 1 the opening, of this series : — Crossbred, coarse-grease, me-dium-grease, average conditions. Americans are buying freely.

Super half-bred ... 10 to 13A 13 to 14 Medium to good ... 94 to 104 10J to 124 Inferior ... ... 7i to 84 9 to 10 Super crossbred ... 10 to 12? 12 to 13? Medium to good ... 84 to 10 94 to 11 Inferior ... ... 7 to 8 84 to 9 Super merino ... 11 to 134 H4 to 14 Medium to good ... 9 to 10 10 to 11 Inferior 7 to 8 84 to 94 Super half-bred pieces — 104 to 12 Best crossbred pieces — 8$ to 93

Top. Average, d. d. Ardkeen 114 H Waipunga 13 11 J • Wasmika ... ... 124 12 Crissoga. ... <» 14- 12g Akito 144 12| i'Brookdalo ..) ... 144 14* (Received January 23, 9.15 a.m.)