SECOND WOOL SALE AT AUCKLAND

Dominion, Volume 27, Issue 93, 13 January 1934, Page 12

SECOND WOOL SALE AT AUCKLAND

Prospects for Monday MORE THAN 25,000 BALES TO BE OFFERED Dominion Special Service. Auckland, January 12. Prices fully equal to those established at the recent Dominion sales this year are expected to rule at the second Auckland wool sale, which will be held on Monday, according to brokers. The catalogue’s total offering will ba 25,206 bales, but it is possible some lots will be withdrawn to bring the total closer to the limit of 25,000 bales. The wool offering is well up to standard of that sold at corresponding fixtures in recent years, although it is hardly equal to the average at the first Auckland sale. Some of the offering comprises wool shorn before the first sale, but other clips shorn later are carrying slightly more condition. The wool is described as of good average condition, with, a fair sprinkling of old wools. The majority is ewe and wether wool, with a fair amount of Southdown. As is usual in the case of the second sale, the supply of hogget wool is limited. There js only a very small proportion of rough and sehdy wool. A satisfactory feature of the sale is that many growers have availed themselves of the facilities provided by brokers for reclassing wool. It is estimated that fully 50 per cent, more reclass has been done in brokers’ stores than in recent seasons. Growers are able to afford this service now that wool is again at payable levels. Buyerp are finding the wool displayed more attractively and the wisdom of reclassing will probably be reflected in prices. Reela'ssing sometimes means a difference of 2d to 3d per lb in value, as the buying trade 's largely specialised and buyers often do not want mixed lots. Brokers have no hesitation in expressing the belief that values, grade for grade, will be substantially higher than at the first Auckland sale. "We will possibly find that prices will be above brokers’ valuations,” said Mr. B. J. Marquet, chairman of the Auckland Woolbrokers’ Association. “That is the indication given, but it must be remembered that the broker always places a conservative price on his wool.” Mr. Marquet said it was not anticipated there would be many passings at the sale. One of the buyers had remarked that he did not think there would be much wool left about Auckland when they were through.