CLOSE OF WOOL SALE.

New Zealand Herald, Volume LXII, Issue 18941, 12 February 1925, Page 11

CLOSE OF WOOL SALE.

OPENING RATES MAINTAINED. EIGHTY PER CENT. SOLD. HIGH RESERVES A FACTOR. BRADFORD AND CONTINENT BUY. The Auckland wool sale was concluded shortly after noon yesterday, and when the last of the catalogues, aggregating some 15.000 bales, was put through it was seen that approximately SO per cent, of the offering had been sold. The opening prices were generally maintained. Selling commenced at nine o'clock, with 7260 bales to be disposed of. As on Tuesday night the bidding was somewhat irregular although some lots created very spirited bidding. This was especially noticeable in the case of wools pooled and reclassed at the brokers' stores, showing that the buyers appreciate straight lots of even quality wool. High reserves were again responsible for much good wool besng passed in. but considering the drop that has taken place between the record sale in December last, and the present sale the clearance effected was regarded as very satisfactory. To the end of the sale competition was principally between Bradford and the Continent, about equal quantities being taken. A few extra super lots were secured for Qix American trade. Local mills and scourers were competing keenly for good bellies and pieces at the reduced prices. In making a comparison of the prices it jsrast be remembered that tho wool offered at- this sale was on the whole nothing like that put up at the December sale. There was a large proportion of log-stained ana seedy wool, while the late shorn wools are always much heavier in condition than at the opening of the season. Another factor is that the December catalogue was an especially attractive one, enabling growers to command the high prices then ruling, while the present offering was equal to about the Auckland average. Despite this growers placed values on their wool not justified by ruling conditions. An instance of this was when one lot of crossbred wool was put up. Buyers were keen to secure it, but they would not go beyond 17d, whereas the reserve was stated by the auctioneer to be 24d. At this buyers expressed amazement. A little later there was a run on a consignment of lamb wool, which was passed in at 271 rl. toe reserve being 30d. Buyers frankly declared this to be out of all reason and on learning that tho reserves on seven further lots of lamb wool from the same grower were equally high, they declined to waste time bidding, and asked the auctioneer to proceed with other lots. This attitude was in face of the fact that the buyers were consistent in their demand for lamb wool One broker remarked that if. was quite easy to understand that growers whose neighbours were lucky enough to reach the first sale, of the season did not like accepting a droo of from 4d (o 6d for wool of similar quality Some of this wool which was passed in will be shipped to , on or disposal, while the remainder will be held in store for the next sale BEST PRICES OF DAY. FIRST LAMBS REALISE 288. RATES FOR INDIVIDUAL CLIPS. The top price for tho day was 28d for five bales of first _ lambs,' marked JG over Galatea. _ This was equivalent to the price obtaineo at the opening session <»n Tuesday evening for re-classed fine A skirted crossbred. Consistently good prices were obtained for wool from JG Galatea. Six bales of Romney hoggets. A, made 23k!, and a similar price for 22 bales of Romney ewes A. Three bales of Romney hoggets J» realised 22d, and three of Romney ewes }», 193 d, Four bales of Corriedale-Rom-ney hoggets were passed in at 24jd. Seven bates of first pieces from this grower soldat I7d, and four of bellies at 13j|d. Seven bales crossbred, WF over U. realised £old. Five bale? crossbred, booked .7, 20d. Seven bales first crossbred. Rerewhukaitu. Four bales fir?f. lambs, same. 221 d. Six baioH Romney hogget a, Iff over Oslates, *253 d. Twenty-six bales ■Romney hogget B. mme, -Did. Eleven bales Eomn'ey ewes A, same. 23'.d One hundred and nineteen bales Romnev ■ B. same. 2*2jd. Seven bales Romney •wether A. same. 22d. Thirty-one balc3 Romcey wether B, same. 20d. * 1 Four bales crossbred A. same. OOd. Fire bales crossbred, VTr over I'A, 20 l d Nine bales fine crossbred. T'nrahi, 22d. Eight bales fine crossbred. Hermita-fi over AR. 2o:d. , Thirteen bales crossbred A. WE oreH aireia, 20" 4 d. Eleven bales re-classed fine crossbred A. AHT over J, 21d. Ten bales re-classed fine crossbred A AbA over KmjMi, 20.'d. Four bales re-ciaascd Jamb*. Fa mo. 2id Thirteen bales re-cWd fine crossbred' A. WUS over BlacfchlJi, 2Jd. Ten bales crossbred A, same. 10! d. 2f>Sd hree baiC3 rc * cl&saed crossbred. TA. w?v rec ha! ?f rc-classed fine crossbred A AfcM over Bournemouth. 20id. Three bales halfbred. BB in circle. Slid. Seven bales halfbred, various, 21 ;d Three bales fine crossbred. I> . 2>k! Three bales fino crorsbred. star. 20' d Fire bales fine cros3b-rrl \ T'u? Mtn E «oha«. 2rid. ' LW oTer : Fourteen bales Jambs. Croshnd "M tT °'' ebrCd Four hales. Shropshire. TU. 22' d Eighteen bales halfbred, Simthmore. 23d ! fifteen bales crossbred. A McD. -y h j ' ,yy lve balea Romney hogget, JL ovvr y; ! >o'fd n ba!cS cloS3hrefl A « T over TE 01'U, four bales Corriedalc hoggets \\ tit* • over Otetao, 24 jd. ' '■ Four bales first lambs. {J, 231 d. Viva •-'lies second lambs, satne brand, liOJd. ' i ciS/a/jd? 8 kmbs V ° o1 ' K over «aiThree bales lambs wool. R7 over V, 211 d Thirteen bales fine crossbred, SR, 2ttd •nid Fen,y * twC ' ' ja " ?es no Koinney. DUNE, Five bales fine Romney, Cl\ over Y, 201 d. ~ bales Romney hoggets, .RUIJ. j Five bales Corriedale, JL, 2;i>l. j , Four bales halfbred. JMG. 233 d F.Mil t'ales medium crossbred, same brand. 2(i]d. Tnree bales lamLs wool, JM, 20jci. Ten bales lambs, RIMO, 21d. Three bales first lambs, MAARA, Cljd, Seven bales lambs, B.L over K, '24 d. OECrZii*d lc3 croasbrcd WWD over Three bales fambs, KL over Evers'ev Tares bales lambs, AR, 23' d. Three bales first lambs. Ashdale, 24Jd. Three bales lambs. GH in diamond. 'Hid. Three bales A lambs, CAPE, '23Jd. , Four bales hoggets, Y over X, 22jd. Nine iiaJrs ewes, tame brand, 2lid. Five bales Shropshire, MB, 23d. Fonr bales lambs, ACH, 2lld. Thirteen bales Romney crossbred, CY over vi ;21d. Three bales nno Romney, ON". 20d. Thirteen bale? first threcvcnia'rter 'ja.mbs various, 22d. Eightoen bales halfbred! various, 21M. Eight bales Southdoivn, various. 27d. Sixteen bales first three-quarter lambs, various, 22d. Three bales Jambs, 2 over Kolna. Slid. Eight hales lambs, Otatoa. 2-'tJd. r JrZ ur ha ' :ce halfbred Corriedale hogget, IMG, 'JOtd. r rhroe balee re-classed crossbred A, WH over hKX. 21d. Three bales re-classed crosebred A. CB over G, 20|d. Six balea Rorancy lambs. JMS over three bars, 23d. ..Seven bales fine crossbred, H in diamond. Swl. Nineteen bales lambs, various, 20Jd. Three bales Southdown, various, 23id. Seven balea fine lambs, various, 22id. Six bales fine crossbred and halfbred. various, 22d. ' Tho next Aucltland wool sale has been tosed for Match 25, 1925.

THE RANGE OF PRICES. FALL ON DECEMBER RATES. COMPARISON OF RESULTS. The- following tabic gives an approximate range of prices realised for the offerings at the second sale compared with tire record sale of last December: — February. December. <l. <l. d. d. MerinoAverage . . . . » S3] to 35-V-Fine H&lfbred— Super .... —■ Average . . . . 32 to 34 Inferior . . . . Medium Hailbred— Average . . . . 23 to 26£ 30 to 33 Coarse Halfbrcd— Super . . . . 21 to 22 30 to 31 Average . . . . id to 20 27 to 29 Fine Crossbred— Super . . , . 22 to 23i 28 to 29$ Average . . '2O to 22 '24 to 26 Inferior . . . . 18 to 20 22 to 24 Medium Crossbred— Super . . . . 20 to '2! 25 to 27 Average . . . . 38 to 10 23 to 24 Inferior . . . . 'ls to 171 20 to 22 Coarse Crossbred— Super . . . . 171 to 10} 23 to 25 Average . . . . 36 t > 17 21 to '23 Inferior . . It to 15 20 to 21 Low Crossbred— Average . . .. 15 to 16 V Inferior .. .. 14 to 13 Hogget j— * , Fine - . . . 21 to 23 20 sfco 31 Medium . . . . IS to 20 26 to 28 Coarse . . , . 17 to 10} 24 to 25 Low .. , . li to 16 21 to 22 Lambs— Fine . , . . 21 (o 26J Exceptional quality up to 25 Bellies and Pieces— Fine crossbred: Good to super Low to medium . . Crossbred: Good to super . . 13 to 16 16 to IS Low to medium . . 11 to 121 14 to 16 Cru tellings— Medium to good . II to 12 14 to 16 Inferior and seedy 8 to 10 11 to 13 Locks— Crossbred, good . . 5} to 8} 9to 12