AUCKLAND WOOL SALE

Press, Volume XCIII, Issue 27962, 8 May 1956, Page 17

AUCKLAND WOOL SALE

Fleeces Firm On Recent Rates GOOD COMPETITION (New Zealand Press Association) AUCKLAND. May 7. The fifth and final Auckland wool sale of the 1955-56 season was held today at the Auckland Town Hall, when 26.200 bales of greasy wool and 151 bales of scoured wool were submitted to auction, says the Auckland Woolbrokers Association's report issued in conjunction with the New Zealand Woolbuyers’ Association and the New Zealand Wool Commission. There was practically a total clearance at auction. The qffering was a most unattractive one,- due largely to seasonal conditions. There was a large offering of second shear wool and this together with lambs’ wool comprised over 60 per cent, of the catalogues. The small proportion of fleece wool offered commanded relatively good prices. All wools attracted good competition. There was a full and representative bench of buyers with the Continent and Bradford both operating. Compared with the close of the auction in the south, fleece wool can be quoted as very firm to sellers’ favour with skirtings 2£ per cent, dearer. Lambs’ wool was irregular and slightly easier. Range of Prices The following is the official range of

AUSTRALIAN SALE PRICES CROSSBREDS FIRM AT SYDNEY (N.Z. Press Association—Copyright) SYDNEY. Mav Prices at today's Sydney wool sal ruled very firm on Newcastle's closing rates for all descriptions o’ Merino, and firm for comebacks and crossbreds. The chief buyers were again Japan, the Continent and the United Kingdom. with strong competition from all sections of the trade. The selection was mainly average to good topmakers from Western New South Wales. Of 13,073 bales offered, 12.931 were sold. Crosbred prices included: 60's, good, to 85d; 58’s, good, to 81d; 56’s, good, to 72d. Overseas Assets.—Net overseas assets of the New Zealand banking system amounted to £87.1 million on April 11, according to preliminary statistics issued bv the Reserve Bank. This represented an increase of £2.3 million from a month before, and was only £B.B million less than a year before. Alex Harvey.—A final dividend of 7i per cent., making 13J per cent, (compared with'l2J per cent.) for the year, is recommended on the ordinary shares. Final preference dividend of 2J per cent, is also payable. Both ordinary and preference shares are ex dividend on May 25.—(P.A.)

prices:— d. d. Southdown, 58/60’s— Average 40 to 46 Inferior Fine Down Cross, 58/56’s, 32 to 36 58’s— Good 49 to 51 Average 451 to 48 Inferior 40 to 44 Extra Fine Crossbred, 56’s— Average to good .. 49 to 51 Average 46 to 481 Extra Fine Crossbred, 50/56's — Average to good 49} to 51 Average 46 to 48 Inferior 43 to 45 Extra Fine Crossbred, 52's— Average to good .. 491 to 51 Average 47 to 481 Inferior 43 to 441 Fine Crossbred, 50’s— Average to good .. 4° 4 to 4 r 'l Average 46 to 471 Inferior 42 to 44 Medium Crossbred, 48/50’s — Average to good .. 481 to 491 Average 46 to 47J Inferior 41 to 431 Medium Crossbred, 48/50’s — Average to good .. 48 to 49 Average 451 to 47 Inferior 41 to 431 Coarse Crossbred, 46/48’s — Average to good .. 48 to 49 Average 451 to 47 Inferior 41 to 431 Strong Crossbred, 46's— Average to good .. 47} to 48} Average Early Shorn, 46/50’s—’ 45 to 47 Good 471 to 49 Average to good .. 44 to 46 Average 41 to 43 Inferior Necks 37 to 40 Crossbred — Average 46 to 48 Inferior Pieces 39 to 42 Crossbred— Average 40 to 42 Inferior Bellies 36 to 38 Crossbred— Average 36 to o ( Inferior Locks 33 to 34} Crossbred Crutchings 16 to 29 Crossbred— Average 40 to 42} Inferior and seedy 32 to 35 Very seedy Lambs 24 to 30 Fine Crossbred. 50/56's— Average to good .. 49 to 52 Average 46 to 48 Inferior 38 to 41 Seedy Crossbied, 50 48/50’s— 39 to 35 Average to good .. 50 to 52 Average 44 to 49 Inferior 38 to 42 Seedy 30 to 36