WOOL SALES

Hawera Star, Volume XLV, 17 November 1925, Page 5

WOOL SALES

OPENING INDICATIONS. GOOD CLEARANCES MADE. BRADFORD BUYERS CANNY: ~ (By Telegraph —Special to The Star.) WELLINGTON. Nov. 17. A notable feature of the opening wool sale was the extreme caution of Bradford buyers, most of whom had not bought- a bale by lunch time, when nearly half of the- catalogue of 10,000 ba'es had heen offered. The-demand, however, despite this absence of English competition, was good, and although most of what was offered included held-over wools, not s°‘ .lustrous as new wools, 97 per cent, of the catalogue was sold. The prices were over Bradford limits, but Germany was extensively in the market, in fact Continental buying was a feature of the sale.

The comparative silence of the Bradford section has given some food ' for thought. Opinions of one or two of them upon this subject was sought, and the summary of their views is that prices going were well in excess of tlieir limits. At the time some of them left England for New Zealand, in time for this opening sa 7 e there was nlenty of wool in stock, and it was high-priced wool, too. If the market were easier, Bradford would be prepared to lift a fair share of the wool, but there were some heavy financial hurdles still to be overcome, and the market must be easier than it ruled in Wellington if Bradford buying, i s to bo carried on in its usual volume. As expected, to-day’s prices were under those current at last March sales, but well up to parity of London September sales. In the opinion of one of tire leading brokers, the indications of the first sale point to quite a successful season, and once Bradford comes in the auctions should go with a swing, if growers are prepared to accept the basis of to-day’s valuations (and there were few withdrawals) good clearances are likely. REPORT BY N.Z. LOAN AND MERCANTILE AGENCY CO. WELLINGTON, Nov. 16. The New Zealand Loan and Mercantile Agency Co. .reports that, the opening sale of the season was held to-day. The catalogues comprised 10,000 bales, submitted by brokers, and about 95 per cent, was sold under the hammer. Purchases were mostly confined to the Continental section, with excellent support from America and Japan for good, light-conditioned wools. Bradford opertors were very, quiet, and little wool wa s purchased by them. Owing to the severe winter experienced and a shortage of feed, wools, although of fine quality, lack robustness and densitv and are somewhat short in staple.’ competition for all qualities and types ot n ’ o °l u-as animated and keen. Clips classed by us in store on owners 5 account met with an excellent reception 1 and binned wools sold at remarkably good prices.