AUCKLAND WOOL SALE

Dominion, Volume 22, Issue 130, 26 February 1929, Page 12

AUCKLAND WOOL SALE

MORE BUOYANT AT CONCLUSION

Dominion Special Service. Auckland, February 25. The second Auckland wool sale of the season concluded this afternoon on a more buoyant note than it commenced with on Saturday evening. Over 90 per cent, of the record offering of 28,214 bales was sold at prices which, although a penny-halfpenny lower than at the opening sale in November, .represented a slight advance on values at the last New Zealand sale at Wellington last week. The auction opened to-day around the price levels of Saturday night, with the Continent again the life of the sale, and Bradford operating keenly and consistently up to certain price limits, which, however, appeared strictly defined. With the exception of one “wave” in bidding for a short while, the tone was slightly firmer than on Saturday, confirming the impression gained that evening that the downward tendency of the wool market had been definitely arrested. Toward the close of the auction was the most spirited bidding’of the whole sale. It recalled the frenzied buying which provided such a spectacle at the November fixture. Altogether, the sale occupied little more than seven and a-half hours, and the total realisation will amount to about £500,000. “Wool well sold'.” exclaimed Mr. Otto Sommer, the prominent German buyer. when the .auctioneer “closed’ on the final bid for the main clip, and his remarks were supported by the enthusiastic annlause of the large bench of buyers. Toward the close there was considerable buying on behalf of United States’ interests, which sought brighter lots of skirted nnd fined-condiUoned wools. Having regard to the circumstances that the clip was heavier-condi-tioned nnd ref so attractive as that offered nt Wellington lest week, even a slight improvement on Wellington values must b» regarded as eminently satisfactory. Prices nt no time were snectncu--la/ nlthoueh there was a bid of 20M. tor'll lin" of -line wool, -.vh-’oh was passed in at the fimn-e. The behest actual onio level of th» dov was 19'1. The official rnnorf of the Anok'nnd Woolbmkors’ Association mentions the total offerin" ns a record, nod pf-nfes that over 90 nor cent, was sold under the hammer. man rnnoa o* r>«jrcs Is as rollowe; —

Medium halfbred— d. d. Average Inferior in* 14 to 171 to 15} Coarse half bred — Super 17} to 1st Average 111 to 17} Interior 13} to 15} Fine crossbred— Super 17 to I7i Average 154 to 10} Inferior 12} to 15 Medinin lot to 16} Average 14 to 15 Inferior 11 to 13 Coarse crossbred-— Super to la Average .... 13 to 14 Inferior 9} to 12 Low super 12* to 13} Average 11* to 12} Inferior 9} to 11 11* to 12* Hoggets— Super 7i to 18} Fine 15 to 17 Medium 14 to 16 Coarse 13 to 15 Lambs — Fine 1<I to 1st Medium 13 to IB Seedv and inferior .. Si to 14 Bellies and pieces— Crossbred, good to super 11+ to 13} Crossbred, low to med. 0 to 11 Crutchings— Medium to good .... 10 to 12* Inferior and seedy .. □ to 9 Locks — Crossbred 6 to St