AUCKLAND WOOL SALE

Waikato Independent, Volume XXXI, Issue 2782, 1 December 1931, Page 8

AUCKLAND WOOL SALE

DROP IN PRICES. EASE IN UPSET BIDDING. Aii unexpected drop in the price of wool on the London market had a disappointing effect on the first wool sale of the New Zealand season, held in Auckland on Saturday. Expectations that prices would firm in sympathy with the earlier upward tendency at the London wool sales were doomed to disappointment. Buyers for Bradford received last-minute instructions to ease their upset bidding with the result that prices were lid to 2d lower than the best prices obtained last season. The average price for good crossbred wools was in the vicinity of od a pound or approximately £7 .1/8 a bale, which, although not as low as the 4d a pound received at the second Auckland sale last January, was ljd lower than tho average price of GJd or £8 17/- a bale, received at the final Auckland sale last

season. Top price of lid a pound was secured for six bales of extra superfine Corriedale, marked Freshwater, sold by the Loan and Mercantile Agency on behalf of Captain G-. HumplireysDavies, of Clcvcdon. This was ram and wether wool, the ewe wool of the Freshwater clip fetching KHd and 81 d, hogget lOd and bellies and pieces 6|d. Top price at the January sale last season Avas 9d and at the March sale lljtl. The Freshwater clip Avas the subject of much favourable comment Avhen exposed in the store, proving that tho Auckland Province can produce avoo! that for quality can rank Avith the very lest of the Southern avools.