THE WOOL SALES

Ashburton Guardian, Volume 59, Issue 40, 26 November 1938, Page 6

THE WOOL SALES

AUCKLAND SEASON OPENS. A GOOD START RECORDED. SLIGHTLY ABOVE LAST YEAR, Per Press Association.) AUCKLAND, This Day. The wool sale opened, Avith a. catalogue of over 24,000 bales, to a bench of 70 buyers. The bulk of the bidding Avas confined to about a dozen frontbenchers, Avho buy for Bradford and the Continent, Avith occasional orders for America.

The avool consisted chiefly of hoggets Avethers and dry ewes.

The sale made a good start, and competition Avas keen at values that seemed slightly above those ruling for the corresponding sale last year. Fleece avools. Avero averaging about 9.kl to lOjd per lb, and the first catalogue Avas promptly disposed of with very Icav passings. Fine wools were relatively in less demand and the top price for the first catalogue Avas 15d, a figure that may be exceeded later Avhen some of the Wa ill eke clips are offered. The sale proceeded as it had begun, and after three catalogues had been disposed of it became apparent that a clearance of about 95 per cent. Avas being effected at an average advance of about a halfpenny to one penny on the last NoA r ember sale in Auckland. Farmers and brokers generally appeared to be avcll satisfied Avitli the results of the auction.

Other Waiheke clips sold with lod still the top price.

A feature of the market Avas a definite SAving toward coarse and medium crossbreds compared Avith finer aa’ooL Ordinary fleeces sold from 9d to lOd per lb. fine hoggets realising up to 13d.

THE LONDON WOOL SALES.

MERINOS IN KEEN DEMAND. (Received This Day, 11.55 a.m.) LONDON, November 25. At the fered, including 1584 New Zealand, and 6180 AA-ere sold. There Avas a. good selection, chiefly Merinos, Avhich met keen demand. Slipes sold at recent levels but greasy crossbreds Avere often in buyers’ favour.

The Bank of Ncav Zealand has received the folloAving advice from its London office under date No\ r ember 25: Compared Avith opening, coinpetition widening, but prices for greasy crossbreds slightly easier. Current quotations for avools of average condition: —Merinos: Super, 60-64’s, 14d to per lb ; ordinary, lljd to 122 d; inferior, 9d to 94d. Halfbreds: 56-58’s, 12d to 12|d; 56’s, lUd to 12d; 50-56’s, lid to 114 d. Crossbreds: 50’s, 10id to llid; 4850’s, 10|d to lid; 46-48’s, IOJd to lid ; 44-46’s, 10|d to lid; 40-44’s, 10Jd to lid; 36-40’s, 10id to lid.