WOOL MARKET

Hawke's Bay Tribune, Volume XXIII, Issue 81, 17 March 1933, Page 5

WOOL MARKET

THE AUCKLAND SALE BETTER THAN EXPECTED. SHABBY LOTS A SHADE DEARER. By Telegraph—Press Association. Auckland, March 17. The third and final wool sale of the Auckland season opened this morning. There was a catalogue of approximately 14,300 bales largely comprised of old stale wool but including some attractive lots. For the latter the competition was exceptionally keen at prices just a shade easier than those realised at the last sale here and firmer than the recent southern rates. For stale, shabby wools tho competition was much better than anticipated and prices were decidedly firmer than at recent Dominion sales and can be quoted as fully a farthing dearer. The sale generally was better than was expected. For lambs’ wool the competition was good and prices wpre little altered from southern rates. Britain, Japan and the Continent all competed freely. The bidding was less keen for bellies and pieces and prices were slightly easier. The bulk of the lambs wool was secured by France and Australia. It was noticeable that for anything bright and grading up to 80’s the competition was exceptionally keen and prices w r ere up to B|d. Of the earlier catalogues about 80 per cent, was sold. A. broker’s report states that for attractive lines prices were fully a halfpenny, and in some cases three farthings,'better than at previous North Island sales. Shabby, discoloured! and seedv wools sold exceptionally well and showed a rise of a halfpenny all round. Compared with Auckland’s January sale the prices for good style wools were Id easier; for ordinary topmaking sorts about Id to lid easier. Lambs’ was about the same and bellies and pieces about idl to Id down. LONDON AUCTIONS. By Telegraph—Press Association. (Received 17, 12.30 p.m.) London, March 16. At the wool sales 9338 bales were offered, including 3250 New Zealand. About 5655 were sold. There was a good selection, especially of Merinos, and brisk Home and Continental competition at full late rates. New Zealand sales:—Greasy crossbred, Bee, top 9d, average sgd. BRADFORD TOPS MARKET. (Received 17, 12.45 a.m.) London, March 16. At Bradford users are cautious and there is little business. The latest quotations compare with those previously cabled as follow:— Feb 23 Mar. 2 Mar 9 Mar. 16 Per lb. Per. lb. Per Ib.Per lb.

d. d. d. d. 70’s 2o 23 23 23 64’s 214 214 4JU 60’s 21 21 21 21 56’s 18 18 18 171 50’s 12 12 12 114 46’s 9 9 81 84 40’s 84 8J 8 8