WOOL MARKET

Wairarapa Times-Age, 15 March 1939, Page 3

WOOL MARKET

DUNEDIN SALE. PROSPECTS FOR TOMORROW. (By Telegraph—Press Association.) DUNEDIN, March 14. A total of 27,267 bales will be offered at the third wool sale of the season in Dunedin on Thursday, making the total offerings in Otago to. date this year 78,645 bales. After this sale there will remain about 20,000 bales to be disposed of at the April auction. Prospects for the sale are much the same as those that have preceded the two previous auctions this year. Growers who have yet to dispose of their clips can console themselves with the fact that values are already too low to permit of any material drop. Quantities still available for buyers who have not yet filled their requirements are very limited and recent sales in other centres, notably Invercargill, have furnished evidence of a healthy inquiry. Judging by the diversity of buying interests represented in local stores during the past few days, there should be good buying strength when the sale opens. Good crossbreds and certain descriptions of fine wools are expected to sell well and, despite the less attractive appearance of the Otago clip this year, the firm rates reported from Timaru and Invercargill should at least be maintained. A fair proportion of Central Otago wools are included in the catalogue, but these have not opened up as well as usual, largely as a result of unfavourable weather early in the spring and summer. Similar conditions have produced a lighter staple, with a tendency to tenderness, in the eastern districts of Southland, which are also represented in the catalogue, but there will be no lack of attractive wools for the attention of buyers.