WOOL TRADE.

Auckland Star, Volume LXVIII, Issue 7, 9 January 1937, Page 4

WOOL TRADE.

DOMINION CLIP.

RESUMPTION OF AUCTIONS.

WELLINGTON* OX MONDAY,

Hie disposal by auction of the Dominion wool clip will be resumed ou Monday when the second Wellington sale will be , JL ,le allotment of 30.000 bales made by the New Zealand Wool Committee was quickly filled, anil it is uiuleixtood that there is already a surplus in Wellington stores sufficient, to provide for the succeeding sale fixed for February IG. when another JO,OOO bales are to be offered. Any chaiißes in the market since JJecember sales were concluded in the I>ominion appear to have favoured vendors. In Australia the resumption of buying by the Japanese has raised the price of Merino wool to still higher levels J his weeks cables from Bradford indicate a finn market there, with further advances in price.

The catalogue to be submitted at Wellington will provide a fairly accurate guide for the next Auckland sale, fixed for January 25, as the type of wool available from the Auckland and Wellington '? similar, whereas in the finer grades °'S n pclx ' enta S e °

There is some speculation as to the etlect on Dominion sales of the Japanese re-entry on the Australian market. Will they buy less from us? Monday's sale should supply the answer to this query, and the general opinion is that the lesponse will be favourable. Janan is in the market for crossbred as well as for Merino wool and will probably bid as treely as before. Moreover, anv' slackness m Japanese bidding would promptly bring -Bradford to the forefront.