PRICES FOR WOOL

New Zealand Herald, Volume LXX, Issue 21578, 24 August 1933, Page 5

PRICES FOR WOOL

SUPPLEMENTARY AUCTION, IMPROVEMENT IN VALUES LOCAL BUYERS ACTIVE About 1200 bales of wool, principally cm tellings, pieces and oddments, were offered at a special supplementary wool sale held in the Chamber of Commerce yesterday. Thoro was a full bench of local buyers, together with several representatives of overseas firms, and the demand generally was very firm. Over 80 per cent of the offering was sold, prices being on a par with those ruling at several other oddments sales held in Southern centres in the past few weeks. The level represents a distinct advance over the prices afc tho last principal Auckland sgle in March, but values reached arc not considered to form any definite indication of prices for tho coming selling season. : < Owing to the smallness of the lots, the Auckland Woolbrokers' Association decided not to issue an official range of prices. "Tho qua'ntities offered were generally so small that it would be inadvisable to extract 'representative' quotations," said Mr. E. M. Edgar, secretary of the association. "The sale, however, was quito fair, even if not quite up to fullest expectations. The quality generally was patchy. The fleece wool offered comprised principally late shearings and stragglers and included little first-grade wools." Good crutchings made from 3d to 4d yesterday, compared with 2d to 2Jd at the March sale. One particularly Kood lot, consisting of four:- bales of Corriedale crutchings, Mangatangi V over bar, brought s|d. Nine bales of crossbred A crutchings, HT over Galatea, sold at sd, and four bales of' a similar sort, marked Croslands, brought 4jd. Slightly seedy crutchings sold at 2d to 2fd, while inferior sorts made Id to 2d. Lambs' wool sold up to B£d, representing an advance of about Id on the March sale prices, while hogget wool, which was not very well represented, realised to 7£d. Best price of thersalo was secured by a bale of reclassed Southdown, DO over A, which brought 10id. hi Competition was confined principally to local buyers. Bradford, Australia and the Continent were represented, but there was little keenness from this source. There were no Japanese buyers present. A supplementary sale is usually held in August, but last year prospects were so discouraging that the fixture was not arranged.