WOOL SALE PROSPECTS.

New Zealand Herald, Volume LXVIII, Issue 21037, 23 November 1931, Page 10

WOOL SALE PROSPECTS.

BETTER PRICES EXPECTED. HIGHER STANDARD OF CLIP. FIRST AUCTION ON SATURDAY. The first, wool sale of the New Zealand season will be held in .Auckland next Saturday, when a catalogue of 20.000 bales will be offered, a larger amount than at the first Auckland sale last season. A bench of buyers representing all the important consuming countries is expected, and it is anticipated prices will show air advance over the. rates ruling at the same time last year. The catalogues were oilicially closed on Saturday, but it is probable wool which reaches stores within the next two days will be included in the sale. A large, portion of the offering will be old wool held from last season, but during the. past week a. considerable number of bales from this season's clip has come forward, and more new wool will bo offered than was at ,first anticipated.

Some Growers Hold Wool. There is still a quantity of wool in store which will not be in the auction, as some farmers, having seen prices rise gradually in Australia, are adopting a policy of waiting to see the trend of values at the first sale here. Others are offering only their old wool, and are holding their new clip until later sales in the hope of a rise in values. Tho wool which has been opened up compares more than favourably with that usually offered at November sales, and is above the standard of the wool put forward at the first sales in the last two years. However, each year a fairly largo proportion of the wool sold in Auckland is not properly prepared and classed, thousands of pounds being lost through this cause. There has been little or no improvement in this respect this year, as in a period of low prices farmers, in many cases, do not pay very great attention to tho ccfhdition of their wool. Tho bulk is medium crossbred, there being not such a great amount of the coarser types which formerly preponderated at Auckland.

Interest of Buyers. The majority of the buyers will arrive, in Auckland on Thursday morning, and will spend Thursday and Friday inspecting the hales in the various stores, it, is expected the benches this year throughout- New Zealand will bo representative of all consuming countries, as there has been a world-wide improvement in the demand for wool. A factor which should make for higher prices is the greater interest shown in Australia by Bradford operators, which will probably be paralleled in the Dominion. During the past few years the Yorkshire buyers have not, exercised as great an influence in New Zealand a.s formerly, but judging by the Australian sales during the last two months Bradford competition should be a factor throughout the season. In Australia Japanese buyers also operated more freely than usual, and if Eastern buyers visit the Dominion in any great numbers the result should be beneficial to the growers. It is generally expected that prices will improve, compared with last year's values, although they will probably not reach | the levels ruling at recent, Australian j sales, where the exchange rate afforded I the buyers a greater advantage than the*! New Zealand rate will. I

allocations made, MAXIMUM AT EACH SALE, The New Zealand Wool Committee, which comprises representatives of the producers, woolbrokers and buyers, has for the purpose of regulating the offerings of wool at the various sales throughout Ihe Dominion during the coming season allocated the maximum aggregate quantities which may be offered at the different centres as follows:

A1 local ion Centre, Da i e. .Bp. lea. Auckland November 2 e , 1011 20,0(10 ?.'« pier December .10,000 Wellington Dcccmlxpr 8 HO,000 ('hristchurch December 11 25.000 Timii rn December It 10.000 Dunedin December l? 25,000 Wellington .lannary li. 1032 .10.00!) Napier January U 10.000 Waiiganui •January 15, 10.000 Auckla ml ,1 mi nary 10 25.000 Clirislcliurnh .Innnor.v 2."> 25.000 Invereargill January 20 10,000 Dunfdin February 2 :io,ooo Ti ma i n February 5 20.000 Wellington February 11 no,ooo Na pier February Ifi 25,000 Wanifiinni February 10 10,000 Cbristrhnrch February 25 25,000 Dtmedin March 1 10.000 Invercarcill March '1 No limit Wellington March 11 10.000 Na pier March ir> 25,000 Auckland March 21 No limit f'lirislcliuri.li March 31 No limit Dunedin April 1 No limit Timaru April 7 No limit Wellington April 11 No limit Napier April H No limit Wantranui April I'i No limit