AUCKLAND WOOL SALE

Dominion, Volume 23, Issue 53, 26 November 1929, Page 12

AUCKLAND WOOL SALE

NO CHANGE IN VALUES BRADFORD STILL HOLDING OFF By Telegraph—Press Association. Auckland, November 25. Presenting by far the largest catalogue of the season to date, Auckland’s opening wool sale this evening attracted keen interest from a full bench of buyers. Compared with this season’s preceding sales at Wellington, Napier, and Wanganui, the market was accounted good, although inclined at times to be a little erratic. Generally described, the market was firm'without change on forty-eight and lower grades, while a slight easing, but without quotable change, was evident in the case of fifties and finer.

The catalogue totalled 17,225 bales, a decrease of 5042 bales on the offering at the first sale in Auckland last season.

Germany was the principal buyer. German interest was principally in inferior wool. France and England operated with reserve; indeed, Bradford purchases were mainly restricted to one firm. There was fair competition from Russia, which wanted finer sorts. One firm also bought freely on behalf of Tasmanian mills, which wanted better-class spinning wool. The offering was inclined to be a little heavier than was case at Auckland a year ago, but was on the whole lighter than at Wanganui last week. Top price at a late hour with three out of five catalogues cleared was 18Jd. for four bales of extra super Corriedale. The sale will continue into the early hours of the morning.