WOOL MARKET.

Timaru Herald, Volume CXXIII, 21 December 1925, Page 8

WOOL MARKET.

HARDENING AT. DUNEDIN. FLEECE WOOL PENNY DEARER THAN TIMARU. 1 By Te. seraph—Press Association. DUNEDIN, December 19. The first wool sale of the Dunedin scries commenced on Saturday night, when a catalogue comprising 15,061 bales was to bo submitted. The sale did not commence till 7.30, and two firms’ catalogues, totalling 7724 bales, were offered. From the outset, it was apparent that there was more life in the market than could have been anticipated from recent reports received from northern centres. The catalogues submitted attracted strong competition, from Bradford principally, and from America, while. Continental buyers were active for good pieces and bellies. Local nulls were buying sparingly. The following range of prices, which gives a general .idea of the market, may bo quoted: Merinos, 16d to 20£d- „„, Fine halfbred, 17d to 20£<U Medium halfbred, loci to 20d. Fine crossbred, llsd to loadCoarse crossbred, lOd to 12pl. Pieces, up to 18Jd. Bellies, up to 13d. Locks, up to 9d. From these, the first impressions of the majority of buyers and brokers concerned are that values for fleece wools are from pi to Id dearer than at the last Timaru sale. Few good pieces were on offer, and prices for these can be said to be unchanged from; those current at northern sales.