AUCKLAND WOOL SALE.

Otago Daily Times, Issue 19958, 27 November 1926, Page 15

AUCKLAND WOOL SALE.

SPIRITED bidding. PREVIOUS PRICES EXCEEDED. (Special to Times.) AUCKLAND, November 26. The Official report of the Woolbrokers’ Association states that the wool sale opened with a strong demand, the bidding being spirited and general. These conditions were maintained throughout the sale, and the prices, compared with those realised at the three previous sales held in New Zealand this season showed . considerable advance, but in recording this advance the quality of the wool had to be taken into consideration. The Auckland clip offered at the sale represented the best quality wool so far presented to buyers this season. The good clearance effected was due in a large measure to the increased competition by Continental buyers, compared with their operations at the southern sale. The top price of 20id, paid on Thursday for a nice line of half bred from Waiheke, was not equalled to-day. The next highest price of I9d was paid for a line of seven bales of excellent quarterbred from Ponui, another island in the Hauraki Gulf, An analysis of the prices shows that the bulk of the growers will receive slightly less than was realised at the corresponding sale of last season. However, the values for crossbreds, which comprise the bulk o> the Auckland clip, were appreciably better than those established at the February sale last season. Bellies and pieces and crutchings and locks also made better prices than those obtained in February. The following table gives the range of prices realised at the sale compared with the opening sale of last season the prices in November, 1985. being given in parentheses) ; Fine halfbred (56’s, 58’s): Super, 16|d to 20id (18J(d to ?0d); average, 14cl to 15£d (16d to 17gdj; inferior, 12d to lojd. Medium halfbreds (50’s, 56’s, 60’s). — Super, —: average, 13d to led; inferior, IQd to lid.

Coarser Halfbred (48’s 60's).—Super 13id to 14d; average, Hid to 13d; inferior, to Hid. Fine Crossbred (44’s, 46’s). —Super 12d to I3jd (16d to 17id); average, 10|d to Hid (14Ad to 16d) ; inferior, 94d to (Hid to 12id). Medium Crossbred (44’s, 46’s). —Super, 12d to 134 d (13gd to 15d); average, to lid (12d to 13d); inferior, 9d to lOd (Bid to Hid). Coarse' Crossbred (40’s 44’s). —Super, 12d to 13d (13d to 144 d); average, 104 dto Hid (12d to 13d); inferior, 9d to lOd (lOd to Hd). Low Crossbred (36’s, 40’s). —Super, —; average, 9id to 10|d (Hd to 12id); inferior, 8d to 9d (8d to Hd). Hoggets: Fine (46’s, 48’s), 14 to 15id (15d to 16|d); medium (44’s, 46‘s), 124 dto 134 d (12d to 14gd); coarse (40’s, 44’s), lOd to 124 d (12d to 13d). Lamb’s Down: Fine (44’s, 50’s) 10id to 12id (13d to 144 d). Bellies and pieces: Halfbred, low to medium, 9d to XOjd; crossbred, good, to super, 9d to Hd (10id to Hid); low to medium, 6d to 9d. Crutchings: Medium to good, 7d to Bid (6d to 8id); inferior and seedy, 4id to 6d (3Jd to s|d). Locks: Halfbred, 6d; crossbred, 4d to 6d (5d to 7id). BANK OF ENGLAND RETURN (Press Association —By Telegraph -Copyright. I LONDON, November ‘ls The following is the Bank of England return for Wednesday:

ISSUE DEPARTMENT. Note circulation £138,005,000 Notes in reserve 33,188,000 £171,193,000 Government debt £11,015,000 Other securities 8,735,000 Gold coin and bullion 151;443,000 £171,193,000 BANKING DEPARTMENT. Proprietors’ capital £14,553,000 Public deposits 23,808,000 Other deposits 100,826,000 Rest, seven-day and other bills .. 3,231,000 £142,418,000 Government securities £33,328,000 Other securities 74,371,000 Notes in reserve 33,188,000 Gold in reserve 1,531,000 £142,418,000

The proportion of reserves to liabilities is 27.8 per cent. Short loans are quoted at 4i per cent., and three-month bills at 4 11-16 per cent. A. and N.Z. Cable. LONDON MARKETS. WHEAT AND PRODUCE BUSINESS. (Press Association—Ey Telegraph—Copyright.) f LONDON November 25. Wheat cargoes are quiet and mostly unchanged, though La Platas are 3d down. Russians are in fair inquiry at Is decline. Parcels are in moderate request at 3d down. Liverpool futures—December, 11s 43 d; March, 10a 8d; May, 10s 4|d. The spot trade in quiet and prices are lower. Flour is slow. Oats and beans are quiet. Peas are steady. Sugar, granulated 33s 10^d. —A. and N.Z. Cable. LONDON METAL MARKET. (Press Association—Bv Telegraph—Copyright.) LONDON, November 25. (Received Nov. 26, at 10 p.m.) Copper: Spot, £56 16s 3d; forward, £57 11s 3d. Lead: Spot, £29 ss; forward, £29 11s 3d. Spelter: Both positions, £33 10s. Tin: Spot, £313 2s 6d; forward, £.102 7s 6cl. Silver: Standard, 25£d; fine, 27Jd. —A. and N.Z. Cable.