WOOL STILL UP

Evening Star, Issue 19723, 25 November 1927, Page 6

WOOL STILL UP

THE AUCKLAND SALES AUSTRALIA SEEKS FINE CLASS WOOL AUCKLAND, November 24. The first Auckland wool sales of the season opened to-night before a record bench of buyers. There was good competition, oil sections of the trade being represented. Finer wools were distinctly dearer than the prices at recent southern sales, while super, cross-brcds were firmer. Average quality wool was about on a par with recent southern rates. Good quality pieces, when light in condition, were keenly competed for by the French buyers, with tbe result that the market for these wools was very firm at late rates. Hogget wool was keenly competed for, and realised extreme prices. The sale so far has been most satisfactory. A feature lias been the demand for fine class wools by Australian buyers. It is understood that this is duo to the fact that Australian wool this season contains a largo quantity of vegetable matter, New Zealand wools being free from this. BRADFORD THE BIGGEST BUYER , AUCKLAND, November 25. At the close of Iqst night’s salo approximately 10,401/ bales were sold, leaving 14,000 bales for to-day’s sale. It is estimated that the largest quantity sold, compared with that bought by other buyers, went to Bradford. French buyers keenly sought short fleece wool and pieces, and there was strong demand from Germany for all classes. , The American bought sparingly, probably duo to the fact that the wool they desired was not_ catalogued in sufficiently large quantities. There was keen competition for fine class wool from the representative of Australian houses, and the demand from Australia was responsible in largo measure for the advanced prices in finer quality wools. SALE CONCLUDED Later. The wool sale has concluded. The catalogue was one of 2d,244 bales. The wool was in excellent condition, and practically all was sold. Compared with southern sales, prices were from par to a shade easier for wool for tops. There was keen demand for superfine wools 1 at substantially advanced rates. Bolj lies and pieces were secured, by French ! buyers at extreme rates.. LONDON SALES . Messrs Murray, Huberts, and Co., Ltd., are to-day in receipt of a cable from their London agents, dated the 24th inst., : giving quotations as under:—-'so’s, yielding 65 per cent.,2ld i (19Jd at the close of the previous series); 44’s-46’s preparing, yielding 74 per cent. - , 17d (16d); 44’s-46’s carding, yielding 72 per cent., 16|d (15Jd); 40’s-44’s, yielding 73 per cent., 15 jd (14|d), A poor selection of cross-bred wool was offered.