WOOL SALES.

Hokitika Guardian, 18 November 1924, Page 1

WOOL SALES.

LOAN AND MERCANTILE REPORT. (By Telegraph.—Special lo Guahdian). WELLINGTON, November 17. The New Zealand Loan and .Mercantile Coy report that the opening sale of the season was held to-day when catalogues comprising 7000 bales were submitted by brokers. The quantity offered this sale is very much less than the November sale last season owing, mainly, to lliC' broken weather interfering with shearing operations. There was a very full attendance of the trade, competition being keen and sustained throughout the sale. The prices realised were the highest ever obtained in New Zealand and represented an average advance of about Id per lb on last season's closing rates. The selection was extremely good, wools opening up in very light condition and it was much better grown this season and brighter in appearance.

Competition was very keen on Americana ml Bradford account and suitable wools wore well supported by Continental operators.

The clips classed by us ill store on owners’ account met with an excellent reception and binned wools sold at remarkably good prices.

FURTHER PARTICULARS. WELLINGTON. Nov. 17

The opening sales ol the season were held in the Town Hall to-day. The catalogue was only 7220 bales, about half the usual amount, but the gencru! quality was so high as scarcely ever to have been excelled. About eighty seats were occupied, and there was a large attendance of the public, including the Minister of Lands. Competition was keen from the.start, but it appeared lo lie principally between lii-adlonl and I'nitcd States. There «as a mill ilin< mis and spirited tusiladc o| bids .although the sale opened quietly enough : but these two markets 'absorbed the greater part of the better ircado crossbreds and Romneys. I la* bn vers appeared to lit l generally alter these wools, and to lie buying without apparent limits. Long deferred, hut welcome American competition, made itself lelt. and this was attributed by some, who can speak with experience, to a more settled feeling in (lie United Staes Woollen immufaet tiring industry, now that the Presidential election is over, and llml therefore the existing tariff will remain unchanged. As compared with the rates rilling at London, and the "tiles in Coleman Street last month, the prices realised to-day are well up; and. as compared with the prices made ill Wellington hist Mareh. a high market, they are lolly |',d tier piiiind heller. In value the wnd sold to-day at CIO per hale, all round, is to I><* consorvulive estimate. Taking that figure, the turnover fur wool at this one sale in the Town Hall In-day should he in the vicinitv of £28*1.003 to £291.09(1 in rash. Some of (lie lynieal prices realised were as follows:- Three-quar-ter hied hoggets. 3.1’.d to 39 |d per lb: Merinos (only a lew hales in the sale, and no liuying orders) 2Sd to 29d : halfhred hoggets. 3.»’ ; d ; crossbreds 2ld lo 2(id. 27d t . 2Sd. and 29d to 30c 1 ; neek". 27 : jd. (Some bought lor New Zealand niauufaelnreis). Comparisons of some ol the actual and typical results obtained by growers last year and at this sale were as follows:

These show that the prices were fully one hundred per cent, more than at the sale at this time last year. The demand was as keen for pieces, bellies and locks ns for lloeco wool.

Nuv. 102;). Xov. 102 <1. .1. 12 211 |.*i‘ 20 12; Hi 20 121 20 V 11; 20 V 12 22