STRONG BUYING

Dominion, Volume 29, Issue 100, 22 January 1936, Page 17

STRONG BUYING

Auckland Wool Sale

CONTINENT ACTIVE

Clearance of 85 Per Cent. By Telegraph—Press Association. Auckland, January 21. .Strong Continental buying, with very keen competition from Bradford and Japan, and the average run of values on a par with those at the November Auckland fixture, were the chief features of the second wool sale which was held to-day. There was a full bench of buyers, and the German activity which marked the Wanganui sale did not continue. Although there was a number of passings, more particularly toward the end of the sale, a clearance of fully 85 per cent was effected. The sale was watched by a packed gallery, and although the values were below those of the more optimistic growers, prices generally appeared to be satisfactory. At a conservative estimate the price per lb. was slightly over Bd., and allowing for the disposal of 24,000 bales at about £l2 a bale, the total amount realised for the wool sold should be in the neighbourhood of £288,000. This compares with £240,154 for the 19,847 bales sold at the first Auckland sale and £168,096 for the 20,668 bales disposed of at the corresponding sale last year, the price per bale being £l2/2/- and £B/2/8 respectively.

The total offering was 28,253 hales. Competition was strong. The Continent took the bulk of the purchases, with Bradford and Japan competing keenly for suitable lines. The Woolbrokers’ Association states that in general the offering was an attractive one, but there was still room for Improvement in skirting, specialty buyers complaining that they were unable to compete for many lots which would have suited their requirements had they been properly skirted. Prices were firm on the first Auckland sale for the bulk of the offering, with the exception of medium and coarse hoggets, which were easier and sold at fleece prices, while Southdowns and halfbreds were better. Lambs’ wool sold comparatively well at late rates, and were above last sale’s prices. Top price of the sale was 18{d. for six bales of super halfbred ewes. About 85 per cent, of the offering was sold under the hammer. The range of prices is as follows, November 1935 prices being shown for the purposes of comparison:—

BINNED LOTS WANTED

Excite Almost Fierce Competition BRADFORD’S INTEREST Dominion Special Service. Auckland, January 21. Bidding was bright throughout most of the sale, with occasional dull peri oils where offerings lacked style. It was noticeable, however, that limits were somewhat rigidly fixed, though for attractive lots the demand was frequently more elastic. As usual, large lots of binned wools were the subject of almost fierce competition. and the sale was frequently interrupted as a result of the buyers over-running the auctioneer. Altogether tlie disposal was effected at a high pace, tiie total of 28,253 bales being auctioned in about 5J flours' selling time. Witli the bulk of the offering in the medium to line crossbred class, values for these were generally abou" firm on those at the previous Auckland sale. Tlie demand for hoggets, both coarse and medium, was erratic, and values were inclined to lie easier. On the other hand, liner wools, of which there was a comparatively small offering, sold at improved rates. Lambs’ wools were also in short supply, ami always attracted strong competition a’ prices above those at last sale. Crutchings and bellies and pieces continued to find a ready market. Bradford interest was stronger than at the first sale, and Japan was extremely active. Although certain Continental buyers appeared to lie operating sparingly, as a group they provided very healthy competition throughout. France, in particular, was again in tlie market for liner wools and 1 .'Hies and pieces, while New Zealand and Australian mills gave tone to tiie sale. Much of the offering was not suitable for American requirements, and little wont to that quarter. Top price of the day was 18Jd., realised after spirited bidding for a line of six bales of line halfbred ewes from Mr. D. Gray, of Cowes Bay, Walheke Island. Another ewe clip from the same area brought 17d. One of the best sales of the day was that of the Mangatnngi clip of Mr. T. L. Vining, of I’okeno, whose heavy yield of Corriedale wool sold to 16d., with even values down to bellies and nieces it I Old. ; Buyers left by train to night for '

Christchurch, where the next sale' or tlie series will take place on Monday I next. Prompt date for payment in respect I of to-day’s sale is fixed as February 4.

,Tan„ 1036. Nov., 1935. d. d. d. d. Southdown A . 134 to 141 13 131 to 141 Southdown B .... Halfbred, 56-58— ill to 11 f to 1-4 155 15 to 16 14| to 13 to-14 121 to 13J Infprinr 10 to 12 91 to 11 Half bred, 50-56— Super 12j 11 to to 14 12 12J 9 J to to 14 10 k 0 to 101 84 to 94 Extra fine crossbred 18 50Super ioj to lit 101 to 111 Average 8 ; t to It) si; to 91 74 to 81 7| to SI Fino crossbred, 46-48— 91 to nn 9 to 10 Average to 9 to 8) Tnfprinr f* to Gf to Medium crossbred, 44-46 SI 84 74 to 9 8 to VAFfl gft .... ■ • to st 71 to 111 fprini* 7 to 7 A 6 to Coarse crossbred, 40-44— S to 8* to SI 74 to 8 7 to 74 6 to 7| 5i to 61 Strong crossbred, 36-40— 81 SI to St it to to 81 7 to 74 «t to 7i 5i to 61 Hoggets— 151 56-58 14 to 10 14} to 50-56 11 to 131 121 to 131 48-50 ......... 8 to 11 10 to 12 46-48 to 9 81 to 91 44.46 7 to 81 7} to 84 Lambs— 91 Down', 50-56 .... 101 to nt 8 to Fine, 46-50 9 to lot 71 to 8} Medium. 44-46 .. 8 to 9 M to Seedy and inferior Bellies and pieces— 4} to 61 4k to 6 Crossbred: Good to super 7 to 8 61 to 74 Low to medium 41 to 6 44 to 6 Half bred Crutchings— .8. to. ill. 81 to 91 71 Medium to good 61 to 8 61 to Inferior to seedy Locks — 34 to 6 4f to 51 Crossbred .... 3} to of 31 to 41