WOOL MARKET

Hokitika Guardian, 26 November 1929, Page 2

WOOL MARKET

AUCKLAND SALES.

(By Telegraph, Per Press Association.)

AUCKLAND, Nov. 25

Presenting by far the largest catalogue of the season to date, Auckland’s opening wool sale this evening attracted keen interest from full benches 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 any change on the fortyeight and lower grades; while a slight easing—but without quotable phgnge—was evident in the case of. tlie fifties and finer sorts. ,-,

The catalogue totalled 1722 q, bales, a decrease of 5042 bales on the- offering at the first sale in Auckland last season- Germany was the principal buyer. The German interest was principally in inferior wool. France .and England operated with reserve,.. • Indeed Bradford purchases were mainly restricted to one firm.

There was fair competition , from Russia, which wanted finer sorts.. One firm also bought freely on 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. n The top price, at a lute hour, with three out of five catalogues cleared was IBsd for fou,r bales of ex.tr.a-suner eorriedale. The sale will continue the early hours of the mormpg.

SYDNEY SALES

SYDNEY, Nov. 25

At the wool sales to-day BG6g bales were sold. There was a firm market for good quality lines, and an easier tendency for faulty ones. Greasy me rino brought 26$ pence.

AUSTRALIA’S FAMOUS FLOCKS

SYDNEY, Nov. 25

The Federal Government is considering strong representations from, a section of the pastoralists of Australia, who are urging an immediate embargo on the sale of merino stud sheep to South African and Soviet buyers, who are here purchasing largely.