WOOL PRICES SOAR

Evening Star, Issue 18809, 6 December 1924, Page 12

WOOL PRICES SOAR

AUCKLAND SALE CONCLUDED. [Pee United Press Association.] AUCKLAND, December 5._ The Auckland wool sale resumed this morning and concluded to-uight. The bidding continued brisk, and yesterday’s prices weio repeated. It. was evident from the nature of the bidding that a great, many of the prices paid wont considerably beyond the limits of a number of buyers, and Bradford continued to get a lion’s share of the offerings. Nearly all the catalogue was sold, the only lots passed being where sellers had placed what buyers considered too high reserves on their lots. When this was tlio case buyers would have none of thorn. The attendance of the public was again large. Remarkable evenness of bidding was evidenced throughout the sale. As an instance a consecutive rua of twenty lots of crossbred ranged from 23d to 26J.d. In another similar page of the catalogue tlio range was from 21d to 25]d. Occasionally the bidding took a sharp upward turn, as a choice lot of fine cross-bred super, or Corricdalo was offered, the prices for these frequently topping the 30d mark. The aim of the optimistic grower to realise 24d per lb for cross-brcds was realised.

The average prices throughout the sale were maintained remarkably well. Experts estimate average price per lb to be from 23[d to 24£d, making the average price per bale about £35, which was the figure set on the opening night of (ho sale. Finer wools realised approximta.ely the same as those offered at the southern sales. Coarser wools showed an advance of about Ad per lb. The top prices to-day were 36]d for six bales of half-bred and 36Jd for two bales of super, half-bred. The range of prices compared with those of February last, was as follows: t

December. February. d. d. d. d. Merino average ... 333 to 35* 23 (0 34 Fine half-bred— Average 32 to 34 — Inferior — 141 to 19 Medium half-bred average ... ... 50 to 33 Coarse half-bred— Super 30 to 31 -- Average 27 to 29 — Fine cross-bred— Super 28 to 29* 19 to 21| Average 24 to 26 17 to 18* Inferior 22 to 24 15 to ID* Medium cross-bred— Super. ... 25 to 27 18 to 19* Average 23 to 24 16 to 17* Inferior , 20 to 22 14 to 15 Coarso cross-bred— Super 23 to 25 15 to 16* Average ... ... 21 to 23 14 to 15* Inferior 20 to 21 13 to 14 Lincoln cross-bred— Average 20 to 21* 13 to 15 Inferior — 11* to 12* Hoggets— 29 to 31 Fine 22 to 25* Medium 28 to 28 18 to 20 Coarse ... 24 to 25 15 to 16 LOW •••' ; 21 to 22 14 to 15 Bellies and pieces, fine cross— Good to super. ... 20 to 22 - — . Low , to medium 16 to 19 15 to 17* Crossbred — 1 to 18 Good to super. ... 16 15 to 18* Low to medium 14' to 16 81 to 12 Crutchings— 14 Medium to good to 16' 11 to 14* Inferior and seedy 11 to 13 Locks— Cross-bred, good 9 to 12 7* to. 9*