The Reporter.

Southern Cross, Volume 1, Issue 41, 6 January 1894, Page 9

The Reporter.

FIRST LOCAL SALE OF THE SEASON. SATISFACTORY RESULTS. As advertised the first wool sale of the season took place at Hanan’s Hall yesterday, when about 7,000 bales were submitted for competition. In addition to the local talent 14 foreign buyers were present, and from the first bid it was event that satisfactory prices would be realised, as each lot was eagerly competed for. In strong and course wools there was a noticeable rise in value—we should say to quite a penny per lb—as compared with last year, while there was a corresponding fall in the finer sorts. Crossbred pieces were in strong request, and brought in most cases from Id to 2d over the reserves placed on them. Happily the weather was all that could be wished and the farmers came into town in large numbers, and will no doubt return home well pleased with the result of the sale. On the other hand those who have sold privately will probably be biting their nails when they read of the prices obtained by their neighbours. The late broken weather has delayed shearing to such an extent in most parts of the country that the number of bales forward was considerably under was anticipated, but of course what they will be in evidence at the next sale on the 7th February, when we expect a large number will be catalogued, especially as there are fewer private buyers operating than last year, and also much Southland wool that has previously been sold in Dun-

edin is now being consigned do natural centre. The N. M. and A. Co., for whom Mr A. MacGribbon wielded the hammer, opened the sale, submitting a catalogue of 1500 bales, nearly the whole of which was disposed of. Quotations : Best half-bred, 9d to 9£d per lb ; medium, Sdto Bfd ; fine crossbred, 9d to 9jd ; medium, 8d to Bfd; best cross-bred, 8d to Bfd ; medium, 7d to 7fd ; merino, 6jd to 7d; Leicester, 7-|d to 8d; best pieces, 6d to 7|d; medium, 4|d to 6d. The sales were going on when we went to press.