AUCKLAND WOOL SALE

Press, Volume LXIX, Issue 21024, 28 November 1933, Page 13

AUCKLAND WOOL SALE

BIG ADVANCE IN PRICES BEST SALE SINCE 1929 HALKBRIiI) REALISES 25id r (ritnss association tilegrau.) AUCKLAND. November 27. A better era for the wool grower was foreshadowed at the first sale of the 1933-34 season, when expectations of a substantial increase in prices, based on the trend of recent auctions in Australia and London, were more than realised. Growers had the great satisfaction of seeing their clips disposed of at rates representing an advance of 100 per cent, and more on an average for the last sale in March. A crowded gallery of spectators followed the progress of the sale with evident gratification. Values were the best which have ruled :'; an Auckland sale since the beginning of the 1929-30 season. From the viewpoint of its comparative significance to the producer the occasion was reminiscent of the memorable sale of December, 1924, when prices soared to an average of 231 d per lb. The offering totalled 23,768 bales. Official Report. The official report stales that there was a full bench of buyers, representative o£ all wool-buying countries. Competition was animated, and prices realised were in excess of anticipations. The bulk of the lines went to Bradford, with the Continent strong competitors and local mills securing all super lines of line halfbred. Top price realised was 25? d for five bales of super halfbred hogget from Waiheke. Island. Practically the whole of the offering sold under the hammer. Crossbreds 100 Per Cent. Higher. r The better classes of crossbred wools and also halfbred types were estimated to have brought an average of from J2d to 13d per lb. which was 100 per cent, better than the prices paid for these descriptions at the sale last March, while the average over the whole sale was considered to be about lOd or lid per lh, which is 150 per cent, better than for the March sale. On this basis, the price a bale for wool sold would be in the vicinity of £l3, although the estimate is necessarily approximate. If this figure is confirmed when the brokers come to work out the actual details of the ~ale, it will mean that the Auckland province received more than £300,000 for the wool disposed of to-day, compared with a return of £341,887 for the three sales last season. The average price a bale at the sale last March, when values reached their lowest level, was £5 3s 2d, the aggregate return being £61,318. At the opening sale last December £5 12s 3d a bale was received, the income from the fixture being £132,118. On the latter occasion, however, the increased rate of exchange on London, with its influence in sellers' favour, was not in force. Keen Bradford Competition. The dominant feature in the good general demand from buyers was the strength of Bradford operators, who took the greater proportion of the offering. Continental representatives were keen bidders, while Australia and Japan came into the market whenever the better class wools were forward. France, as usual, paid particular attention to piece descriptions, but even in this section Bradford buyers made their presence felt, and frequently outbid their competitors. Japanese mills were apparently in search of sound, bright crossbred sorts of 48-50's quality, and showed particular interest in well-skirted lines. All sections, however, contributed to the buoyancy of the sale. Not a single lot wa.j neglected, and even old field-over clips sold well. Levels were strongly maintained throughout, and the percentage of passings was negligible. Cood Quality Clip. Additional distinction attached to ine sale by reason of the fact that the wool forward was of outstanding Quality. Brokers and buyers were in agreement that the clip was the best >ct offered at Auckland. A larger Rentage of fine sorts was included, ana ail kinds were well grown and attractively light in condition, indithr g u £ lat lhe flocks nad come inrough. the winter well. Early shearing also played its part in that it was completed before fleeces had become wo heavy in condition and before se "» contamination could occur. ÜBnen Bros.' top-priced clip was wfTS i to by one expert as the most peautrful wool he had seen anywhere or «2 being, he considered, of perfect halfbred quality. Range of Prices. The range of prices was:— Nov., 1933. Mar., 1933. Corriedale— Super .. 183 to 231 Medium .. 16.J to 181 super Fine Halfbred—--06/58 .. 19? to 20* ■Medium Halfbred 56's— Super .. ißi to 19£ Average .. 16" to 18 81 to 9£ Inferior .. 14 to 16 5* to 6i Coarse Halfbred 50's— Super .. 163 to 18 Average .. 14£ to 16i 61 to 7£ Inferior .. 12 to 13! 3 to 5 fine Crossbred 48/50's Super .. 15.1 to 163 Average .. 13 to 14i 51 to 6J Inferior . . 10£ to 12£ 2J to 4 Medium Crossbred 46/48's Super .. 12$ to 13J Average .. 101 to 12| 3.5 to 4£ Inferior 91 to 101 \\ to 11 Coarse Crossbred 44/46's Super .. 81 to 93 Average .. 6| to 1\ 2.1 to 31 Inferior 5 to 6 li to 2 Low Crossbred 40/44's — Super .. 7? to 9 Average .. 51 to 74 2 to 3 Inferior .. 41 to 5,1 1\ to 2 HoggetsExtra super halfbred .. 211 to 25? Halfbred .. 17 to 18$ 7 to 91 Fine .. 14J to 16 5 to 71 Medium .. 11 to 14 4 to 5 Coarse .. 8 to 10 3 to 4 Lambs— Fine 4G/48S 10 4 * to 11? 51 to 7£ Seedy and inferior .. 51. to 71 1 to 4 Bellies and Pieces — Crossbred good to super .. 6 to 8 21 to 3£ Crossbred low to medium 4 to 51. 1£ to 21 Halfbred— Bellies and pieces .. 10 to 12 Crutchings— Medium to good .. 51 to 61 2 to Zi Inferior to seedy .. 3:1 to 4? ito 1J LocksCrossbred » 3i to 4£ 1£