KEEN DEMAND MAINTAINED: £1,500,000 YIELD

Gisborne Herald, Volume LXXVI, Issue 22851, 22 January 1949, Page 6

KEEN DEMAND MAINTAINED: £1,500,000 YIELD

AUCKLAND WOOL SALE

(P.A.) AUCKLAND, Jan. 22. The second day of the third Auckland wool sale was held yesterday with an offering of 22,186 bales. This, with Thursday’s offering, makes a total of 45,684 bales for the sale.

There was a complete clearance to commercial buyers.

The keen competition that marked (he opening day on Thursday was maintained yesterday. Prices generally were on a par with those ruling on Thursday, but from time to time values fluctuated for some types of wool. especially the loss attractive sorts.

The total yield from the two-day sale should be more than £1,500,000.

Continental buyers were again the keenest bidders, especially for the finer wools, but although they took the biggest proportion of the offering Bradford representatives appeared to be buying more extensively than on Thursday.

A Good Beginning

The sale began impressively when the first offering, a bin lot of 15 bales of Southdown A, fetched 51J-d a pound. The bidding started at 46d and developed into a duel between a South Island clothing firm and a Continental buyer. The Dominion mill was successful and the catalogue price remained the highest until the end of the morning was almost reached. Then another South Island clothing mill set a record for the day by paying 55jd for five bales of super Corriedale wool from Coromandel. Several lots fetched more than 50d. The offering consisted of wools similar in type to that submitted on Thursday, being hogget ewe and wether wool, with the usual percentage of pieces, bellies and oddments. Included in the offering was a small percentage of fine wools from Waiheke and Ponui Islands. There was no difference in the condition of the wools offered on Thursday and yesterday. There was a full bench of buyers representative of all the buying countries. Competition was keen, with the Continent again dominating the market.

It was noticeable in yesterday’s sale that competition was erratic for some types of wool. Partly skirted and unskirted wools showed slight variations in the price level from time to time during the sale.

The fine halfbred wools offered yesterday were again kenely sought after, local mills securing the bulk of these lets.

Yesterday’s Official Range of Prices Southdown. —Good, 46d to 52Jd; average, 40d to 55d.

Extra Fine Halfbred.—Super, 513 d to 55jd; good 50d to 52Jd. / Fine Halfbred.—Super, 48d to 50d; good, 453 d to 47|d; average, 42d to 44d.

’Down Cross.—Good, 37d to 40d; average. 34d to 3Gd; inferior, 30d to 31d. Extra Fine Crossbred.—Good, 33d to 36d; average, 31d to 32£d; inferior, 25d to 29d.

Fine Crossbred—Good, 27,jd to 29d; average, 25£d to 27d; inferior,, 23Ad to 24Jd. Medium Crossbred.—Good, 26d to 27Jd; average, 23|d to 25Jd; inferior, 22d to 23d. Medium Crossbred.—Good, 25d to average, 23|d to 24Jd; inferior, 22d to 23d. Coarse Crossbred.—Good, 25d to 26d; average, 23d to 24d; inferior, 20£d to 22.1 d. Strong Crossbred—Good, 25d to 26d; average, 22Jd to inferior, 20d to 21 id. Necks.—Good, 30d to 333 d; average, 26d to 29d; inferior, 22d to 24d; seedy, 18d to 19icl.

Pieces.—Fine Crossbred: Good, 26d to 28jd; average, 23d to 25d; inferior, 20d to 22Jd. Crossbred: Good, 22jd to 23Ad; average, 20d to 22d; inferior, 14d to 18d.

Bellies.—Fine Crossbred: Good, 20d to 22d; average, 18d to 19Jd; inferior, 16d to 17$d. Crossbred: Good, 183 dto 20d; average, 17d to I8Jd; inferior, 16d to 163 d. Locks.—Crossbred: Good, I4d to 15d; average, 12d to 133 d; inferior, lid to 11.3 d. Crutcliings.—Good, 21d to 22d; average, 18d to 203 d; inferior, 16d to 17d; seedy, 12d to 14d. Lambs—Fine Crossbred: Good, 29d to 31d; average, 27d to 28)d; inferior, 25d to 26d. Medium Crossbred: Good, 28d to 30d; average, 26d to 27Jd; inferior, 23d to 25d.