Rigid Buying Limits For Second Auckland Wool Sale Today

Northern Advocate, 24 January 1939, Page 8

Rigid Buying Limits For Second Auckland Wool Sale Today

[Per Press Association. Copyright . 3 AUCKLAND. This Day. rpHE SECOND AUCKLAND WOOL *SALE OF THE SEASON OPENED TO-DAY WITH AN OFFERING O F 24,000 BALES BEFORE A BENCH OF ABOUT 60 BUYERS.

Less than a dozen were rqsponsib le for most of the bidding.

The wool, in quality and condition, was not equal to that offered at the first sale in November and was below the standard of the usual second sale, this being due to unfavourable winter conditions.

>' FROM ID. TO no. DOWN i s■’ .sie ..bidding was particularly kee n from front benches representing Si Bradford and Continental buyers, but limits were obviously very rigid on a r ; basis similar to that ruling at the last Dominion sale at Wanganui, this **/ being from Id to l|d less than was obtained in Auckland in November. % In the first catalogue, fleece wool generally ranged from 8d to 9d per lb and special prices were obtained for seven bales of Ryeland fine crossbred, ijf Waiheke halfbred passed in at ll|d, and seven bales of Corriedale under the brand of Mangatangi brought 143 d. As near as could be judged, passxn gs on the first catalogue approximated

15 per cent,

The trend shown in the first catalogue was maintained throughout with '’ brisk bidding under rigid price limits. Passings averaged about 15 per cent. *1,1,0f the offerings, striking a-contrast to Settle first sale, when practically an .Entire clearance was effected at prices slightly higher than were expected. Slightly Easier Tendency The 'concensus of opinion among experts today, was that the whole sale was slightly easier than on the Wanganui sale, good wools being firm, while shabby and inferior were about Id lower. Some purchases were made for Japan; while America was occasionally * in the market for coarser sorts,, but the ; bulk of the offering went to Bradford and the Continent, with Cfecmany operating freely, were sold at a ratcfr'ind the sale was over by considerably earlier than .!ttSUal. , This was partly due to the ri^riction. of the . catalogues. ' Range of Prices •

The range of prices was as follows: Jan.1939 Nov. 1938 Southdown A 9 to 93 91 to 104 Southdown B 8 to 83 81 to 9*} Halfbred, 56-58; Extra super — 14 to 15 Super 11 to 113 13 to 14 , Average .. 9 to 10 12 to 121 Halfbred, 50-56: Super .. 10f to 11 121 to 13 Average . 10 to 101 11 to 113 Inferior . 81 to 94 9 to 10 Extra fine crossbred, '-•Tv 48-50: V;W ; Super 101 to 101 i.i to 12 Average . 9 to 10 101 to 11 Inferior ,. 8 to 83 9 to 10 Pine crossbred, 46-48: Super 91 to 1K> io3 to m Average . 83 to 91 10 to 101 Inferior .. 73 to 81 81 to 93 d 1. d. d. d. Med. Xbred, 44/46.— Suf|!r 9i to 10. 10J to 11 Average . { .. 83 to 91 91 to 101 Inferior .... 7 h to 81 9 to 91 Coarse Xbred, 40/44— Super 9* to 10 10 to 11 Average m to 91 91 to 191 Inferior ..: 71 to 81 9 to 91 Strong X-bred, 36/40— Super .....' 10 j- to Hi 101 to 103 Average 91 to 111 91d to 10 Inferior 81 to 9 9 to 91 Hoggets— 52/58 10 to 111 111 to 12 - 50/56 91 to 101 111 to 12 48/50 9 to 10 101 to 111 46/48 9 to 10 93 to 11 Lambs— Down Xbred .. 8 to 9 — v Fine 8 toll — Medium 71 to 10 — Seedy land inf. 4> to 7 — Bellies & PiecesXbred; Good to super 71 to 81 71 to 83 Low to med. 5 to 7 61 to 71 Halfbred; Bellies & pcs. 7 to 9 91 to 10 Crutchings— Med. to good 7 to 8 7 to 8 Inf. and seedy 43 to 6 43 to 6 Locks— Xbred .... 3 to 33 41 to 43 Super : 91 to 10 10 to 11