WOOL

Hawke's Bay Tribune, Volume XVII, 25 November 1927, Page 5

WOOL

’ AUCKLAND SALE KEEN DEMAND FOR SUPERFINE AT SUBSTANTIALLY ADVANCED RATES. BELLIES AND PIECES AT EXTREME PRICES. fPer Press Association). Th* Auckland wool Mle opened last evening and concluded this morning. Practically all of the 23,2** bales were cleared. There was a keen demand for superfine wools at substantially advanced rates. French buyers secured bellies and pieces at extreme rates. Auckland, Nov. 25. The first Auckland wool sale of the season opened last night before a record bench of buyers. There was good competition, ail sections of the trade being represented. Good quality pieces, when light in condition, were keenly competed for by French buyers, with the result that market for these wools was very firm at late rates. Hogget wool was"keenly competed for and realised extreme prices. A feature of the sale has been the demand for fine class wools by Ausr tralian buyers, ft is understood that this is due to the fact that the Australian wool this season contains a large quantity of vegetable matter, New Zealand wools being free from this. BRADFORD TAKES LARGE QUANTITY.

By the close of last night’s wool sale approximately- 10,400 bales were sold, leaving 13,000 bales for to-day’s sales It is estimated that the largest quantity sold, compared with that bought by other buyers, went to Bradford. French buyers keenly sought short-fleece wool and pieces and there was a strong demand from Germany for all classes. American buyers bought sparingly, probably owing to the fact that the wool they I desired was not catalogued in suffi- : ciently large quantities. There was keen competition for fine | class wool from representatives of the ■ Australian houses. The demand from Australia was responsible, in large ! measure, for the advanced prices in final quality wools. WOOL IN EXCELLENT CONDITION The sale concluded this morning. The catalogue of 23,244 bales of wool was in excellent 1 condition and practically all was sold. Compared with the southern sales all the prices were at par to a shade easier for wool for tops. There was a keen demand for superfine wools at substantially advanced rates. Bellies and pieces were secured by French buyers at extreme rates.