FIRST WOOL SALE

Dominion, Volume 28, Issue 33, 2 November 1934, Page 13

FIRST WOOL SALE

Auckland, November 27 Dominion Special Service. Auckland, November 1. The first Wool sale of the season will be held in Auckland on November 27, and all over the province shearers are working at full pressure. There has been good shearing weather this year, with several long spells without rain. Brokers are of opinion that it is too early to form an opinion as to the general Quality of the wool likely to be offered, but what has come forward already has been well up to standard. Although there is confidence in the industry as to the prospects for the coming season, brokers prefer to be non-committal in estimating the demand. Much depends on the activities of German and Japanese buyers. In some quarters it is believed that Japan will be seeking coarser wools, having been a big buyer of the finer counts last season. Germany is buying to a limited extent elsewhere, and it is hoped that her buyers will be present for the early sales. The limit of the catalogue for the first Auckland auction has not yet been announced, but it is thought It will be about 25.000 bales, a figure that, with the absence of the large carryover of last season, Is not likely to be exceeded.