WOOL MARKET

Wairarapa Daily Times, 15 August 1936, Page 2

WOOL MARKET

SALE AT AUCKLAND. AUCKLAND, Friday. I-liglily favourable prices for crutcliings were realised at a sale of wool oddments at Auckland. There was keen competition from a full bench of buyers, representing most of the wool purchasing countries. The catalogue comprised about 650 bales, mostly crutcliings but with a few odd lots of fleece wools. Practically all lines of crutcliings were eagerly sought after, the bulk being taken on account of the United States and Japan. Good to super crutcliings realised from 84d to B|d per lb., medium to good 7Jd to Bjd and inferior and seedy 5Ad to 7d. These prices represent a rise of about 40 per cent, on the value for crutcliings at the winter wool sale held at Auckland last year. Better class crutcliings in August last year realised up to 6iid per lb. A rise of about Id was shown on values ruling in March last. There was a clearance of about 97' per cent, in crutcliings,. practically the entire catalogue. Crutcliings are used largely in the carpet trade and the market for carpet wools is very firm at present. To-day’s sale prices were actually above the rates for fleece wools. —(P.A.)