WOOL SALES.

Taranaki Daily News, 1 April 1922, Page 5

WOOL SALES.

MARKET UP A PENNY. By Telegraph.—Press Association. Dunedin, Last Night. The fourth wool sale of the Dunedin series was held to-day, the offering comprising 11,390 bales, chiefly back country wools from districts where transit difficulties are acute, the balance being oddments and straggler wools. As is generally the case, these odd lots contained a larger proportion of seedy wools than was noticeable at the earlier auctions. Late shorn wools also carry more ' condition than do the earlier shorn clips. The attendance of buyers was well up to the average, and competition was certainly more animated than at any other auction this season. Speaking generally, the market may be quoted as up a penny higher as compared with the February sales. The selling brokers were in most cases able to dispose of lots passed at une February auction at from to IJd per lb. advance, but in some cases bids ■for the passed lots were lower than the offers made in February. The basis of values as between the February and March auctions may be summed up as follows: Merinos par to Id advance, half-breds Jd to l%d advance, crossbreds y s d to lAd advance, pieces of all descriptions Id to IJd advance, locks M to Id advance. The clearance under the hammer amounted to nearly 95 per cent. FURTHER ADVANCE IN LONDON. GERMANS BUMPING MERINO. By Telegraph.—Press Asm.—Copyright. Received March 31, 11.15 p.m. London, March 30. At the wool sales, 215,996 bales were ofl'ered and practically all were sold. The most striking feature was the German demand for merinos, which hardened consistently throughout. Faulty and burry merinos were somewhat irregular during the closing days, but quotations were not materially altered. Best combing merinos and all scoureas closed at fully the level of the highest January rates. Medium and lower met with a wider and stronger demand, ana closed at 5 to 7% per cent, above January rates. Scoured crossbreds and slipes were keenly competed for, and show an advance of fully 10 per cent. Lambs were in strong demand, and fine merinos advanced ten per cent., crossbreds and faulty merinos five per cent.