“A GOOD START”

Poverty Bay Herald, Volume LXIII, Issue 18973, 25 March 1936, Page 6

“A GOOD START”

BIDDING FOR WOOL AUCKLAND’S BIG SALE BRADFORD DOMINANT MOST OF OPENING LOTS (Pop Press Association.) AUCKLAND, this day. “A good start.” was the general verdict of experts when the first catalogue of Auckland’s big wool sale had been sold. I'ti the catalogue of 7000 'bales, only 200,wore unsold.

The total offering of .‘>2,000 bales is larger than at any previous offering. One firm, Dalgety and Company, Limited, had over 10,000 bales, easily the largest individual catalogue ever made in the Auckland province.

The bench of 'buyers contained re presentatives of every important wool consuming country in the world.

The first lot, offered bv the Farmers ’ Auctioneering Company, Limited, consisted of six bales of crossbred ewe wool from Wallace, To Awarnutn, and ■ brought 7:3*1. 'Ridding iconlinucd fairly keen, but with tin absence of frantic excitement. Bradford was the dominant factor in the bidding, apparently three-quarters of Ihe first catalogue going to Yorkshire. ■ As the sale progressed the opinion was formed Unit, having consideration for the class of wool submitted, there would not bo much variation of recent valuations. A large percentage of lambs’ , wool contained seed. Bellies and pieces were mostlly heavy and were badly stained, shabby and of inferior sorts. 'Hie trend was easier! Clearances continued at a satisfactory rate, it being estimated that 95 per cent of the total offering would be sold. Brokers and farmers seem satisfied with the results. LONDON SALES CLOSE CROSSBREDS EASIER REVIEW OF SERIES (filer. Tel. Copyright—United Press Assn.) (Reed. March 25, 2 p.m.) LONDON, March 24. At the wool sales, 9321 bales wer offered, including 4398 from New Zea land, lit all, 7321 bales were sold. There was a fairly good selection, mainly of New Zealand crossbreds. The demand was quieter, and withdrawals were frequent and more general owing to firm limits. New Zealand sales: Greasy crossbred. Titi, top 12£d, average 9i,d. Throughout the series, 97.600 bales were offered and 86,500 sold. The borne trade bought 44,500 bales, the Continent 39.003 bales, and America 3000 bales, the quantity held over being 17,500 bales, of which 11.000 was not offered. Tin* total sales of Australian were 25.CCD lades, and New Zealand, 49.000 bales. Greasy merinos finished 71 to 10 per cent above January. Other advances include ordinary topmaking styles, fully 5 per cent; bulky scoured,s. 71 per cent ; and greasy fine crossbreds, 5 per cent. .Medium grades advanced fully 5 per cent! but slipped back under the weight of heavy offerings to the opening levels. Coarse grades were fully 5 per cent up owing to American competition. Messrs Dalgety and Company have i received the following advice from London dated March 24:—The wool sales , closed active, with brisk competition, tin*, home trade being the principal operators. There was also good support from the Continent, including Russia. As compared with the closing rates of last series:- Greasy merino was Id to Ud higher; scoured, l£d to 2d higher; greasy halfbred, Id 1 to Id higher; scoured, Id to lJ,d higher; greasy halfbred, fine, irregular and at times lower, medium, .(*1 to £d higher, coarse higher : scoured crossbred, Id to 1-J)d higher; slipes, ;;d to Id higher; greasy lambs, 3d 1 to I d higher. The range of prices was as follows*-~ Merino, good to super, 16l>d to 19>)d, low to medium, 12Jpl to 16d ; halfbred, 56'58’s, good Lo super, to 18d. low to. medium, 11 -gal to 15d‘; halfbred, 50/56’s, good to super, lid to 13£d, low to medium, Bjd lo lOjd; line crossbred, 48/50’s, good to super, 9d to lOd, low to medium, 8d to 83*1; fine crossbred, 46/48’s, good to super, 83d to 9|d; h>\v lo medium, 73d to B^d; crossbred, 44/46’s, good to super, to low to medium, to 83d : crossbred 40/44’S, good lo super, Bjd io ojd. IoW 10 medium, 74*1 to 8d ; coarse crossbred. 3(j/40’s, good to super, BJ*l to 9d; medium to good, 7>)d to Bd. Messrs. Murray, Roberts and Company, Limited, are in receipt of the following advice from London : “Tile wool sales closed firm, with competition brisk, the Home trade being the principal buyers, and the Continent operating moderately. Compared with last closing rates, crossbred greasy comeback, greasy fine to very fine, and coarse, advanced 5 per cent.; for other descriptions the market was irregular and declined a shade; scoured and slipe advanced 5 to 10 per cent. Quotations: 6C-64’s, New Zealand merino, yielding 48 per cent. 13J*I (13£d); 56’s, yielding' 64 per cent, 123 d (13d) ; 50 s, yielding 70 pee cent., 10,1 (101*1); 44-46’s, prep., yielding 76 per cent., B,(d (9d); 44-46’s, carding, yielding 74 per cent;, 84*1 (83d); 40-44’s, yielding 75 per cent., BJ>d (8'd); 36-40’s, yielding 76 per cent., 8d (8d) ; 46-48’s, mixed, prep, and carding, yielding 74 pyr rent., 83d (9*1); 48-50’s, mixed prop, and carding, yielding 72. per cent., 9J,d (9i*l).” The figures in parentheses are the closing rales at (he previous sales.