THE WOOL MARKET

Ashburton Guardian, Volume 58, Issue 88, 24 January 1938, Page 6

THE WOOL MARKET

SECOND SALE AT AUCKLAND.

ADVANCE ON WANGANUI.

BRADFORD BUYS MORE FREELY

(Per Press Association.) AUCKLAND, This Day

The second wool sale at Auckland opened with a catalogue of 30,000 bales and a bench of about 50 buyers.

Bidding was mainly confined to about half a dozen who appeared to compete keenly but within closely defined limits. Buying was again largely confined to the Continent, but Bradford seemed more active than at the last sales. At the conclusion of the first catalogue, which was a substantial one, the opinion was that it was definitely better than the sale at Wanganui last week and probably rather better than the November sale here. Prices seemed a little better, with over 80 per cent, of the catalogue cleared. As the sale progressed the trend disclosed in the first catalogue was maintained, with a clearance of over 80 per cent, at prices approximately a half-penny per pound above those ruling at Wanganui last week. This is attributed: to the fact that Bradford was buying more freely.

In the earliest catalogues no very high prices were realised. Halfbrecls running from 12d to 14d, Lambs’ wool IOJd to 13d, ordinary fleece B|d to lid, bellies, pieces and crutchings 6£d to B£d.