THE WOOL TIRADE

Hokitika Guardian, 29 November 1933, Page 2

THE WOOL TIRADE

A(IIGKL..VN.D/BALE'S'' AVERAGE' £l3

province: receives ; £300,000

(Per . press Association, : Copyright).

; AUCKLAND; November 28.

At' yesterday’s wool sale the price per bale-worked out ; on ah average of about : £l3. ; 'The,- better • c.l’asees- of-cross-bred. wpol s and ‘also half-bred ■ types were estimated , ’ td;. haye'.. /brought ,an average. ;6>f Ifroih'j 12‘d/ to" l'Sfl/a" 1 b.:', which■ was 100 per ) cent.; ;■ ( the prices' lasi I’Mrtrdi, 1 ’Mrtrdi, while,' the;;-' average over /the. whole .sale.-, wag considered / to

be: -about . lOd'*or did a. -lb.//which was 150 per- cent.'better than for the- March sale.//On this' basi s -th'e price per bale for- wool sold, won Id -be ,in; the Vicinity Of £l3. v /.' 'T'yj**''- ■ ' ’ •"

Although the' estimate is necessarily approximate', ..if.;.this. figure is confirmed wheir/the .eeme to ivoi’k out the actual details. of the sale, it will mean that Auckland-' -province '.received over £300.000 for the wool disposed of to-day, coihpa-red with a return ’of-’£341,387 for the, three sales - last -season. - The average price sa-•, (bale at'-the* sale- last March, when value s reached their - lowest -level was £5-3s 2d; the aggregate return- being £61,318./ At the‘opening'sale,' last December, -£5 12s 3d ,a- hale/ was received, the inchifie. from the 1 fixture being £132,118. On the ■ latter ’occasion •however/ "the' increased • rate of exchange on London, with , its influence In'tseJlers' favpttjV wa S 'not' in force.

Brokers 'and/buyers were in' agreement that 'the ; clip • was the ( best yet offered' at' ■Auckland.; ’A- larger percentage of' fine . sorts ’w/s " included; and all fkind’s v were* ‘<we,lL grown'; and attractively light, in . condition, indicating 1 that the flocks, .had come through the? winter well. "Early shearing ( also played itb part ,in that it' was 'corupleted ibofore the fleece h o d become too heavy in condition/ . and/before; ped 'contamination .could occur. ■ O’Brien. ißros, ‘ top-priepd; .dip . was //referred; to by i r-i\e expe/t/ as!, .the’ * most; tjjeauti.fu 1 wo6l ‘he h’nd ■ seell '*ahywhere>..in. -..Jfojv Zealand- ’.-beifuf'considered . of'perfect, •' •• i• «, , '• * s;' ».\ V •? • ihalf-bree'd 'quality. , r'./ //-• A; dptrijhant f.eabure..v'-':in- '] /the, , gor.d;. flection wig . that/Bradford; buyoi^-. nrr rle

.their presence felt, and frequently outbid their competitors. Japanese mills wore , apparently ■ in search of sound bright cross-bred , sortg of 48s—50s quality and showed particular interest in well-skirted lines. All sections, however, contnibuted to the buoyancy of the sale. Not a single lot was neglected'and even the old held the general demand from buyers. Bradford operators, took the greater proportion of the offering. Continental represen . tatives were keen bidders, while Aus tr-alia and Japan came into the nun ket whenever better wools wei (forward. ' France, as - usual, paid pa> tic-filar attention to piece description. but even liri this clips sold well. Level were . strongly mairitaned throughout ‘and the percentage of passings wanegligible.

MELBOURNE PRICES FIRM

MELBOURNE-, November 28.

The wool sales closed with priceon a level with the best rates of las' week. The -average price realised foi greasy wool sold during the -weel ended November" 25th, wa s 16.75 d p'ei lb,, or. £2O 8s .-per bale of -average weight' of 219,781b5.

BRISBANE COMPETITION KEEN

BRISBANE, November 28.

The wool Saleg opened with particularly keeli competition. Values compared with closing rates in Sydnew last week, were very Ann for •all fleece wools, while skirtings were fully five per cent, higher. Greasy realised to 25d, scoured to 34£d.

HIGH PRICES AT PERTH.

PERTH, November 28,

The wool -sales opened with prices higher than -at -any sale .since .1928, Particularly a full clearance of 25.000 (bales were . effected, Prices ruled ten, to fifteen -per cent, above the , October sale/ and on . parity with- the recent .Australian markets. The top price Was 251-d for super merino. Scoured /wools brought'to 32.1 d.

THE LONDON ; MARKET

~■ . LONDON. November 27,' At- the ; woo]' sales 9.159 biles Were