RISE IN WOOL

Hokitika Guardian, 28 November 1933, Page 2

RISE IN WOOL

A NEW era for N.Z. GROWERS

AUCKLAND VALUES SOAR

(Per Press Association—Copyright)

AUCKLAND, November 27

A better era for the woolgrower was foreshadowed at the first sale • of the 1933-34 season, when expectations of a substantial increase in prices, based on the trend of recent auctions in Australia and London, were more than -realised. had the great satisfaction of seeing their clips disposed of at rates representing an advance of 100 per cent, and (over, on the average, for the last sale in Auckland. A crowded gallery of spectators followed the progress of the sale with evident gratification. The values were the best which have ruled at Auckland sale since the beginning of t-he 1929-30 season.

From the viewpoint of it s comparative significance to the producer, the occasion wa,s reminiscent of the memorable eale of December, 1924, wh“n prices soared to an average of 23-Jd a lb.

The offering totalled 23,768 balesThe official report states there was a full bench of buyers representative of all wool .buying countries. Oompeti'.ion was animated and the prices realised were in excess of The bulk -of the lines went to Bedford, with-the Continent stromt competi'ors and local mills securing all super lines of fine hplfbreds.

The -top price realised was 2-sld •P'W five bales of super hal-fbred hoggets from Waiheke Island. Practically the who-lo of the offering was sold under the hammer. The -range of prices was a-s follows, the March, 1933 prices being (shown in parenthesis for purposes tof comparison.—

Corriedqle: Super, November 1933, lHscl—23\d (March 1933, -nil); medium 1634—18Jd (nil). Super fine Half,bred 56/58,. 19jfd4-20id (nil): medium balfibred 56’s. super 18)4 —19)4 (nil) ; average 16d —18d (B)d—9)4) ; inferior Hd—l6d (5)d —6)d). Coarse halfbred 60’s, super .I6§d to 18A, (nil), average 1414 to 16)4 (6)d t 0 7Jd) ; inferior 12d to 13)4'(3d to sd). Fine crossbred 48/50," super Is)d to I6|d (nil); average to 14)4 (5)4 to 63-d) ferior lOld to 12Jd (2)4 to Ad). Medium Crossbred 46/48, guper 12)4 -o . 13)4 (nil); average 10)d to 12)d (3)d to 4-J-d) ; inferior 9)4 -to I0)d - (1)4 to 23d). Ooause 'CUossbred 44/46,- super 8)d to 93d (nil) ; average 63d to 73d (2|d to 33d); inferior 5d to 6d 1)4 to 2d). Low crossbred, 40/44, super, 73d to 9d (nil)'; average 5)4 to 71 d; (2d to 3d); inferior 4)4 to s)d (1)4 to 2d). (Hoggets, extra' super, halfbred 21)4 to 25?’d‘ ’(nil) ; hatfbreff I7d to .18-id (7d to 9Jd) ; fine 143 dto I6d (5d to 7)4) ; medium lid to 144 (4d. to sd/; 1 coarse Sd to 10d (3d to 4d). .Lambs, fine 46/48, 10“ d to-1134 (51 d to 7)d); seedy and inferior s)d to 7)4 (Id to 4d). Bellies' and pieces, crossbred, good to super, 6d to Bd, (2-54 to 3(4) ; crossbred low to medium 4d to : sid (Ifd ’ to.. 23d)': halfbred bellies and pieces 10d to I2d (pil). Crutchings, medium to good s)d to .6)4 , (2d 'l o 2fd) inferior t-o seedy 33d to 43d (id to. lid) ; locks, crossbred 3id to 4|d (1)4).

UNITED STATES AND FRANCE,

SITUATION VERY DISTURBING

LONDON, November 25

Mr Devereux says: The situation in the United States and France continues very disturbing. All wool market R are h r m with active demand, especially by Germany and Yorkshire. Opening rates were firmly maintained. Withdrawals were negligible. Crossbred ’ tops were firmer, with ;good demand for. medium fine qualities. Prices of merino yal’ns were fully maintained. 'A moderate amount of new business. Crossbred yarns were tending against buyers' but there was little business. ‘ Many mills are working overtime. 'Sales of .tops to Germany were ■ .again large, • with improved prices. The trade i fi active and confident, but trade in France is only moderately active. The Italian industry is active and the Continental market is firm.

WOOL FEDERATION PRESIDENT (Received this day at 8.50 a.m.) LONDON, November 27. Sir Frederick Ackrovd lias accepted an invitation to stand as president of the British Wool Federation.