WOOL VALUES EASE

Manawatu Standard, Volume LIX, Issue 47, 24 January 1939, Page 8

WOOL VALUES EASE

BIDDING AT AUCKLAND. GERMANY OPERATES FREELY. Per Press Association. AUCKLAND, Jan. 24. At the wool sale the trend shown in the first catalogue was maintained throughout, with brisk bidding under rigid price limits. Passings averaged about 15 per cent, of the offerings in sticking contrast to the first sale, when practically an entire clearance was effected at prices slightly higher than was expected. The consensus of opinion among experts to-day was that the whole sale was slightly easier than on Wanganui, good wools being firm, while shabby and inferior were about a farthing lower. Some purchases were made for Japan, while America was occasionally in the market for coarser sorts, but the hulk of the offering went to Bradford and the Continent, with Germany operating freely. It is reported that buyers received poor reports from London this mornino-. The condition of the wool offering was doubtless responsible to some extent for the lower prices. During the winter months the outbreak ot eczema in the Auckland Province not only decimated flocks but also deteriorated the condition of the wool of the sui - viving sheep, in addition to which many flocks did not receive the customary treatment. BROKERS’ REPORT. The Woolbrokers’ Association’s official report states: “A total of 24,000 bales were offered. The wool opened in fair average condition. While prices for most lines showed an easing on the rates ruling at the first sale in November, competition was animated within restricted limits. The Continental buyers were the principal operators, supported hv Bradlord and the United States. Japanese buyers also operated to some extent. Good clearances were effected, approximately 85 per cent, of the offering being sold under the hammer, f ine and good wools did not command the usual premium.

“The individual offerings were: — Dalgetv and Coy., 6535 hales; Abraham and Williams and W right, Stephenson, in conjunction with Newton King 4237 hales; Alfred Buckland and Sons, 2003 hales; the Farmers’ Co-op. Auctioneering Coy.. Ltd., in con junction with the North Auckland Farmers’ Co-op., Ltd., 5960 hales: the New Zealand Loan and Mercantile Agency Co.. Ltd-. 5547 bales; total, 24,282 hales.” RANGE OF PRICES.

The official range of prices is as fol-

An earlier message appears on page 6.

lows: — d. d. Southdown — !J to 91 13 8 to 81 Hal lb rods, 56-58— Super 11 to 11-1 Average y to 10 HalfbredSj 50-56— Super 10£ to 11 Average 10 to 101 Inferior 81 to 91 Extra Fine Crossbred, 48-50 — Super 10.1 to 101 Average 9 to 1U Inferior 8 to 811 Fine Crossbred, 46-48 — Super 9J to 10 Average 8| to 9* Inferior <’i to 8i Medium Crossbred, 44-46 — Super 91 to 10 Average 8if to 9i Inferior 7-1 to 81 Coarse Crossbred, 40-44— Super 9.1 to 10 Average 81 to 9.1 Inferior 71 to 81 Strong Crossbred, 66-40 — Super 101 to 111 Average 9-1 to Hi Inferior 81 to 9 Hoggets. — 52-56 10 to Hi 50-50 91 to 101 48-50 9 to 10 46-48 9 to 10 Lambs — Down-crossbred 8 to 9 Fine 8 to 11 Medium ••• 7.1 to 10 Seeding and inferior 41 to 7 Bellies and Pieces— Crossbred: Good to super 71 to 81 Low to mod. to good 7 to 8 Inferior to seeding ... 4-2 to 6 Locks— Crossbred 3 to 3:1