THE WOOL MARKET.

Taranaki Daily News, 21 June 1921, Page 5

THE WOOL MARKET.

GOOD SADE AT DUNEDIN. A KEEN DEMAND. By Telegraph.—Press Association. Dunedin, Last Night. The third of the series of Dunedin wool sales took place to-day. A good tone prevailed, and abut 90 per cent, of the offerings were disposed of at auction. There was a full attendance of buyers and in comparison with previous sales competition was spirited and the demand keen. The bulk of the wool was taken by overseas buyers, though a portion was secured by scourers for local works. The , feature of the sale was the strong inquiry for halfbreds and fine crossbreds, though merinos, of which a small quantity was on offer, came in for keen competition from shippers. The local woollen mills were noticeably quiet, and there was not the same representation of or demand from mills experienced at previous sales. A special feature of the sale was the keen demand for medium halfbreds, and the prices realised for this wool exceeded the expectations of both vendors and brokers, and might be quoted fully 2d per lb above the bids for this grade at the March sale. In buyers’ opinion these wool? fetched an average quite id per lb above the Timaru sale last Wednesday. Pieces came in for specially keen competition, and the prices realised were appreciably above the last sale for medium and good lines.