SECOND WOOL SALE.

New Zealand Herald, Volume LXVI, Issue 20174, 7 February 1929, Page 8

SECOND WOOL SALE.

VERY LARGE OFFERING.

NO ADMISSION OF PUBLIC.

THIRD SALE POSSIBILITY.

Already the wool stores of the city holding over 25,000 bales. which will b® offered at the second Auckland sale cf fhe season commencing on February 23u The sale is expected to create s record for the city in the dimensions cf the oSericgr.

It is deemed likely the total tatalozca will contain fully 27,000 or 23X00 bales. There are several reasons contributing to the unusaa! situation. Hitherto the second sale has been restricted to a carl tain number of bales, the carry-over c-siag-submitted at a third auction at the ta& end of the season. However. last year th» offering at the final sale was io small that it was agreed not to condcct a third sals this season unless 3n adequate offering of wool could be guaranteed for it. la order to give growers the opportunity to one? everything earlier this season, no limit vas placed on the second sale, and the result is confidence iu a record catalogue. Other factors in the situation si re the spell of fine weather, which h?-s speeded' up late shearing until at this time it iwjp be nearly all over, and, again, the excellent prices which continue to rule are a further inducement to sell at the first opportunity.

Brokers report the wool to hand is a very fair sample of a second sale offering, naturally including a generous proportion of lamb's wool. In past years a fair amount of reconditioning had to le des® to a percentage of the lots owing to vanous causes, not the least 61 which was the wetting of bales handled in surfing operations at coastal stations. Gradually, with the growth of motor traffic, both direct from station to store and as a feeder system to the railways, this cause of reconditioning has been minimised, although there is still a far amount done.

The possibilities of a third sale are still dependent upon the amount of wool likeJv to be held over from the second sale and coming forward after the February auction. The New Zealand Woolbrokers' Association is now in negotiation with the buyers, who have expressed their willing, ness to come north if a third auction a warranted-

The'second Auckland sale this month will not be the free public spectacle which has drawn great attendances in recent years. It has been decided, hi view of the congestion caused at lata auctions, the difficulty of preserving silence and generally controlling the conditions in the saleroom, and the inability of many visiting farmers to gain accommodation at sales, to prohibit the entry of other than growers. Facilities will be afforded them to obtain tickets of admission from their respective brokers.

WEALTH FOE OTAGO.

OVER £590,000 REALISED.

[BY TELEGRAPH.—OWN* CORRESPONDED DUNEDIX. Wednesday.

About 9 per cent of the offerings at the Dunedin wool sales yesterday is said to have been passed in, but most cf it was sold privately last evening or this morning. Estimating the price of the 27,000 bales sold at- the moderate average of £22 per bale, a total amount fa excess o! £590.000 was realised.