FULL BENCH OE BUYEBS

Evening Post, Volume CVIII, Issue 128, 26 November 1929, Page 11

FULL BENCH OE BUYEBS

GERMAN PURCHASERS

(By Telegraph.)

(Special to "The Evenina Post.")

AUCKLAND, 25th November;

Presenting by far the largest catalogue of the season to date, Auckland's opening wool sale this evening attracted keen interest from a full bench of buyers. Compared with this season's preceding sales at "Wellington/ Napier, and "Wanganui, the market' was accounted good, although inclined at times to be a little erratic. Generally described, the market was firm without change on forty-eight and lower grades, while a slight easing, but without quotable change, was evident in the case of fifties and finer.

The catalogue totalled 17,225 bales a decrease of 5042 bales on the offering at the first sale in Auckland last season.

Germany was the principal buyer. German interest was principally in inferior wool. France and England operated with reserve; indeed, Bradtord purchases were mainly restricted to one firm. There was fair competition from Eussia, which- wanted finer sorts. One firm also bought freely ou behalf of Tasmanian mills, which wanted better-class spinning wool. The offering was inclined to be a little heavier than was the case at Auckland a year ago, but was on the whole lighter than at Wanganui last week. ...

The sale continued into the .early hours of the morning. ' The range of wool prices is as follows:-

Medium ■ Halfbred.—Super 14d ■ to lojd, average 12d to 13Jd:. . - Coarse Half Bred.—Super 12Jd ■to 13id, average lid to 12d, inferior 9M to 101 d. ■ ,■' „

Fine Crossbred.—Super 12Jd to 13id. average 10£ dto 12d, inferior ,9d "to IOJd.

Medium Crossbred.—Super il|d to 12 Jd, average 10 Jd tolled, inferior BJd to lOd. '

Coarse Crossbred.—Super lid to 12d average 9Jd to IOJd, inferior 8d io

Low Crossbred.—Average 9jd to 10}, inferior 7id to BJd. Hogget.—Pine 13d to 14d, medium 12d to 13d, coarse lljd to 12Jd. Bellies and Pieces.—Crossbred good to super, 8d to Ojd; low to medium. 6id to 7id. - : . -.:,,. ' *

Crutehings.—Medium to good,- 7d to BJd; inferior to seedy, 4^d to 7d. Locks.—Crossbred, 42d to 7Jd. - There were a few lots of extra super halfbred wools showing great yield which brought'from 16Jd.to-19d, this being top price for the season to ■ date. The usual buyers for this class of wool dropped out at 14id to lod, .and two buyers carried on to higher figures. The lots eventually, fell to a Bussian, who had to have the wool at all costs.