NEXT OFFERING

New Zealand Herald, Volume LXXIII, Issue 22319, 17 January 1936, Page 10

NEXT OFFERING

AUCKLAND ON TUESDAY TOTAL OF 28.547 BALES UNUSUALLY EVEN QUALITY The second Auckland wool sale of the season will take place next Tuesdav in the Town Hal! concert chamber and in view of the arrival of wool buyers from Wangantii this morning, brokers and thoir staffs were fully occupied ye.ster- ) tiav in last minute preparations. A total I i>! 28.547 bales will be offered, making t one of the heaviest catalogues in recent j years, and the sale will start at 8 a.m. j The quantities to be offered by the I various brokers and the order of sale | are as followsBales i X.Z. Loan and Mercantile .. .. f..T45 ' J)n!trety and Company . . . . 5.500 I Abraham ar.d Wjlimro# . . . . -5.4<"4> ! Alfred Hitrkiar.d and Sons ■ . 2.351 | Farmer*' Co-op. Auct. Co. 'in conj junction with the Norti. Auckland | Farmer*' Ce-< !• »'.4CS Rush of Wool to Stores ! The limit was originally fixed nt ! 2o.'KX) bales, but an extension to I 25,500 bales was arranged to nccomi modate a heavy supply of wool intended , for the first sale. Broken weather at the commencement of the shearing season made it impossible for many farmers ; to complete tlu-ir operations and but ! for the presence of a large carrv- ! over from the previous year the first I catalogue would have been very small, i As it was over 20.000 bales were placed | on the market. I So great was tho rush of wool rJi/.-r the first sale that it was necessarr to ; close the catalogue for Tuesday's anc- ! tion on December 1-!. over a month bei fore the selling date. Since then clips ! have been arriving at the rate of j several hundred a day and it "was esti- ; mated yesterday that there are already | over 10.000 bales held in store for the i final no-limit sale in March. ) | Comment on Catalogue " The offering is one of the most i even lots 1 have ever seen in one cata- ; logue." stated one broker yesterday. | " It comprises the last of typical first i sale wool and the first of that usual at I the second sale. Fullv PO per cent is j made up of clips ranging from medium i to fine crossbred, and a shortage of ! extra fine clips is balanced by a com- : parative absence of rougher sorts. Owing ; to the very late season, lambs' wool is .; abnormally short for this particular ' sale. The fact that more than oO per i cent lias been reclnssed has also made I for an attractive offering." j Although brokers yesterday were nonj committal as to price prospects the ! general consensus of opinion was that i values were hkely to rule very firm on I those of the first Auckland sale. Jt was I pointed out that recent advances on the I London market were in the nature of ] a recovery from an easing tendency in | December. At the same time the dej mand elsewhere in the Dominion showed I no sign of weakening and with a good • even quality offering, Auckland prices should reflect what appears to lie a j steady market at present.