THE FIRST WOOL SALE.

Dominion, Volume 7, Issue 1917, 27 November 1913, Page 8

THE FIRST WOOL SALE.

AX ALL-WOUND FALL. (Bj Telfcgrajrti.—l'rcoj Association.! Auckland, November 26. The first wool s.tlo of the 1.913-14 season took place at the Town IJa.ll this morning, a largo bench of English, Continental, and American buyers being present. Tho total offerings approximated 7000 bales, as compared with 8300 for the first sale of last sea-. son. Although the wool was, generally , speaking, in good condition, prices underwent an all-round fall of ljd. to 'M. per lb., as compared with the opening prices a year ago. Fine crossbretls realised IQScI. to lid., while an occasional lot, of exceptional quality brought 12d. to 12-Jd. Jiedium crnssbreds sold at BJd. to 3d., wiiilo dingv lots went for 7Jd. to Bd.; pieces for 31d. to o}d.

In tho official report, the Brokers 5 Association gives tho total offering as G69G bales, and also states that, taking the catalogue as a whole, the quality was not up to tho standard at the opening sale last season, a large portion of tho northern clip, suffering from tenderness, and the whoie offering was heavy in condition. . Finer wools, suitable for America, underwent a drop of from Id.-to 2d. per lb. Coarso orossbreds went clown fuly Jd. to jjd., and very dingy wool dropped Id. Com* petition was keen up to a limited range of values, especially so far as Continental buyers were- concerned. It was also extremely keen for "star" lots and oddments. Owing to tho strike, the catalogues were not so large as was anticipated by the brokers. The official list of prices, as compared with, those of tho first sale last season, are supplied by tho association as follow :— Nov,, 1312. Nov., 1313. Fine liaifbied

and merinos IOJd. to ltd. Md. to lid. Viim crossbred jod. to 123 d. 3d. to Hid. Shropshire and Shropshire mid Homncy ... 9Jd. to 11{d. Od. to MJd. .Mali Nil) crossl>«''l 9jd. to lO'-d. Sd, to 6Jd. Coarse cro.-sbrod mid Lincoln !M. to IOJd. Sd. to Sid. Inferior jog--tiiincd and Sid. lo !)'d. "d. to 7Jd. i'lrst pieces 7d. lo BJd- Bid- to 7d. fc'ceond pieces and bellies ... (id. to 7d. 3d., to Cd. Criilclmigs ... - ad. (0 Old. Jad. lo s!d. Id. to *Jd.