SPIRITED BIDDING

Evening Star, Issue 21992, 30 March 1935, Page 12

SPIRITED BIDDING

AUCKLAND WOOL SALE EXPECTATIONS EXCEEDED [Pea United Press Association. 1 AUCKLAND, March 29. Very spirited bidding from start to finish, and prices that were in many cases substantially in excess of growers’ reserves, and which definitely exceeded expectations, were the main features of the third and final Auckland wool sale to-day. A total of 12,044 bales was offered, and of this about 90 per cent, was disposed of, a clearance that was regarded by brokers as highly satisfactory. One of the main factors contributing to the firm tone of the sale was the strong German competition for coarse and rough wools, which have been very hard to quit at recent dominion sales. Bradford was the mainstay of the sale, providing very strong backing to the demand for almost every description. France appeared to be seeking mainly bellies and pieces, for which local interests were also keen bidders. Japan was also operating for suitable offerings. Competition for lambs’ wool was shared by Bradford, the Continent, Australia, and to some extent New Zealand representatives.

The price levels generally were firm on those ruling at the Napier sale, and were between -Jd and above those at the Auckland January sale. The advances wore most marked in the case of coarse to medium wools and seedy offerings, which were up to id higher. Good cross-bred wools were up to fd better, and fine wools, including finer lambs, were inclined to be easier ' than at the January sale. As the bulk of the offering was made up of coarser counts the average price per lb, taken over the whole sale, is likely to be lower than that obtained in January, and would probably range from 51d to 53d. The following report on the wool sale has been issued by the Auckland Woolbrokers’ Association:— At the third and final Auckland wool sale tb-day, 12,044 bales were offered, | There was a full bench of buyers representing all the wool-consuming conntries. Bidding was keen throughout, and the market was strong. Fine wools were rather easier than at the January sale in Auckland, bright cross-bred was par to Jd higher, and coarse wools and wools showing a touch of seed were id to id higher. Bradford firms were the principal operators, with Japan in the market for suitable lots. The Continent competed keenly for bellies and pieces. Lambs’ wool, or which there was a fair selection, was keenly sought by Bradford, tbe Continent, and Australia. About 90 per cent, of the offering was sold under the hammer. The range of prices was as follows, the January, 1935, rates being shown for the purpose of comparison:— Mar., 1935. Jan., 1935. d. d. d. d.

LONDON PRODUCE MARKET The Bank of New Zealand has received the following advice from its London office under date 29th inst.;— For wethers the market is very quiet, and there is little business doing. There is a little better demand for ewes. ' There is a fair demand for lambs, while larger supplies have caused prices to weaken. Wethers: Light, 3'3d to 5d per lb; heavy, 3? t d to 3sd. Ewes, 21a to 31d. Lambs: Twos, 6gcl to 6|d; eights, to 63d; fours, 6£d to 6|d; seconds, 6|d to 6|d.

Corricdale — Average 83 to 103 93 to 103 Southdown — Average 8J to Pi 8 to 123 Medium half-bred. 56’s — Average 93 to 103 93 to 10 J Inferior 6J to 9d 7 to 9 Coarse half-bred. , 50’sAverage 71 to a 3 71 to 83 Inferior 6 to 73 6' to 73Extra fine cross-1 bred, 48’s-50’ s— Average 63 to 73 63 to 73 Inferior . ... 5 to 6 5 to 6 Fine cross-bred, 46’s-48’s— Average 6 to 73 H to 63 Inferior 5 to 64 5 to 53 Medium cross-bred, 44’s-46’s-Average 5| to 61 53 to 6 Inferior 4 to 41 4 to 43 Coarse cross-bred 1, 40’s-44’s — Average 43 to 53 43 to 63 Inferior 4 to 43 4 to 43 Low cross-bred, 36’s-40’s— Average 43 to 63 44 to 53 Inferior 4 to 43 4* to 43 Hoggets— Half-bred ... 7i to 10 9 to 11 Fine ... ... 6 to 8| 7 to 9 . Medium 53 to 73 6 to 8 Coarse 5 to 7 5 to 7 Lambs’ down 7 to 73 7 to 73 , Fine, 46’s-50’s 7 to 83 7 to 83 Medium, * 44’s-46’s ... 51 to 63 5 to 6i Seedy and inferior ... 33 to 6 3 to 6 Bellies and Pieces— Cross-bred, good to super. 43 to 43 to 63 Low to medium 3i to 43 3 to 4 Bellies and Pieces— Half-bred ... 6 to 63 6 to 8 Crutchings— Medium to good 4 to 53 4 to 53 Inferior to seedy 23 to 4 23 to 4 Locks — Cross-bred ... 2 to 3 2 to 3