AUCKLAND WOOD SALE

Dominion, Volume 20, Issue 54, 27 November 1926, Page 10

AUCKLAND WOOD SALE

MOST SPIRITED BIDDING EVER SEEN IMPROVED QUALITY OF WOOL Dominion Special. Auckland, November 26. Commenting ou the wool sale, Mr. H. D. Robinson, chairman of the Auckland Wool Brokers’ Association, said the results were considered by brokers to be most satisfactory. The Continental buyers competed strongly with Bradford;, and secured many excellent lines. .This increased competition, combined, with the fact that the wool was of outstanding quality, contributed to- a very healthy tone, that was maintained throughout the sale. Mr. Robinson said he had witnessed many wool sales, and had never seen keener competition among buyers. It was undoubtedly the m6st spirited bidding that had ever been seen in Auckland. As the various lots were put up, buyers bid to their limit without any attempt to secure a lot at a figure below their own valuation. As a result the catalogues were got through in record time. A gratifying feature and good augry for future sales this season was the fact that there was no slackening io bidding, the demand being just as keen at the finish as it was at the beginning. The. Auckland wool growers, said Mr. Robinson,’had to • be congratulated on the improvement inthe quality of their wool. During recent years this improvement had been a gradual process, coincident with the development of the province, and should have an effect on the future prosperity of the clistrict. With the .market stabilised at what might be termed reasonable prices, good quality was essential in obtaining for the grower the demand ‘ and full value for his clip. The range of prices was as follows:— Nov., 1926 Nov., 1925. d. d. d. d.

OFFICIAL REPORT By telegraph.—Press Association. Auckland, November 26. The official report of the Woolbrokers*, Association states the wool opened with a strong demand, the bidding being spirited and general. These conditions, were maintained throughout. Sale prices compared with those realised at the three previous sales held in New Zealand this season, showed a considerable advance, but in recording this advance the quality of wool had to . be taken into consideration. The Auckland clip offered at the sale represented the best quality wool so far presented to buyers this season. The gOod clearance effect, ed was due in large measure to the increased competition by Continental buyers compared with their operations at the southern sale. The top price of 20Jd. paid on Thursday for a nice line of halfbred from Waiheke was not equalled to-day. The next highest price of 19d. was paid for a line of seven bales of excellent quarterbred- from Ponui another island in the Hauraki Gulf. An analysis of the prices shows, the bulk of growers, will receive slightly less than was realised at the corresponding sale of last season however. Values for crossbreds which comprise the bulk of the Auckland clip were appreciably better than those established at the February sale . last season. Bellies and pieces, crutchinge and locks also made better prices than those obtained in February. The Bradford market is flat, owing to the easier prices in London. Spinners are expecting a further reduction'. • Quotations: Forty-five, 425.; thirty-one,’ 25»d.; twenty-one, 20d.

Fine Halfbred. 26-56, 58-56 — Super 16S to 204 18} to 20 Average 14 to 15j 16 to 17} Inferior ..... 12 to 132 . —■ Medium HaJfbrede i, 50-56— Super .... — Average 13 to 15 — Inferior 10 to 11 —— .. Coarser Halfbred, 48-50— Super 13* to 14 wav' Average ......... 11} to IS •— — Inferior 101 to HI •— Fino Crossbred, 44-10— ’ 15 to 17} Super 12 to 13* Average .......... ■103 to 11114} to 16 Inferior ............ 91 to 101 11} to 12} Medium Crossbred, 44-46— 13} to 15 Super 12 to 13} Average 101 to 11 12 to 13 Inferior 8 to 10 83 to 11} Coarse Crossbred, 40-44— 13 to 14} Super 12 to 18 Average 101 to 11} 12 to 13 Inferior .... 9 to 10 10 to 11 Low Crossbred, 36-46— Super Average Inferior 9} to 109 8 to 9 11 to 12 8 to ll Hoggets, Fine, 46-48— . : .15. to .ia Medium, 44-46 12| to 13| 12 to ia Coarse, 40-44 — 10 to 12} 12 to 13 Lambs, 44’s—. 10} to 121 13 to 14} Bellies and Pieces Halfbred, low to 9 to 10} medium - ■ —~ Crossbred, good to super 9 toll 10} to Hi Crutchings— Medium to good 7 to 8} 6 to 8} Inf. and seedy . 4} to 6 3Jto 55 Locks— Crossbred- . 4 to 6 b to H