THE WOOL MARKET.

Poverty Bay Herald, Volume XLIX, Issue 16042, 1 February 1923, Page 7

THE WOOL MARKET.

KEEN SALE AT DUNEDIN. IPer pl-ota ,As3n f lMioiy) , DUNEDIN, last flight. I’iie st'coiid wool sale of, the Dunedin series opened at eight o’cldck, to-night, when 5500 bales out of a catalogue of 25,000 bales, were disposed. The bench of buyers was the largest seen at a sale in Dunedin, and included representatives of English, Continental, American, Canadian, and Japanese firms, and the woollen mills of the Dominion. The representatives of the last-mentioned were keen buyers of merino and fine crossbred wool.

A feature of tlie sale was the remarkable keenness ot competition, practical) V t';vevy lot hiring rJispQsiiil of bhcW the hammer. The. record price Was which was obtained for two bates of greasy rncriilo from Gladbrook Estate, Otago Central. The figure, it is understood, constitutes a record price for New Zeni.ri.ad for the, eurrbpl season and is probably the highest figure obtained at auctioti ill the Dominion.

Qwitlg to thy small proportion disposed of. it is impossible to gauge accurately the range of prices, but so far a- tile • salts. has gone,' they show an advaiice compared with rates ruling at previous sales held in Dunedin. LONDON, Jan. 31.

At the wool sales, there was a better selection of merinos and best were fully firm. Average grades were a shade easier and crossbreds were unchanged. New Zealand M.C. 38d.