AUCKLAND WOOL SALES.

King Country Chronicle, Volume VIII, Issue 623, 29 November 1913, Page 6

AUCKLAND WOOL SALES.

A STEADY MARKET. DROP IN PRICES. | The first wool sale of the 1913-14 season took at the Auckland Town Hall on Wednesday morning, a large bench of Eng.isb, Continental and American buyers being present. The total offerings approximated 7000 I bales, as compared with S3OO for the first sale of last season. Although the wool was, generally speaking, in good condition, prices underwent an allround fall of a penny, as compared with the opening prices of a year ago. Fine crossbreds realised IOAd to lid, while an occasional lot of exceptional quality brought 12d to 12-Jd. Medium crossbreds sold at SAd to 9d. while dingy lots went for TJd to Sd, and Dieces for to G?<d. In the official report of the sale the Brokers'* Association give the total offering as 6698 bales. It also ssates that, taking the catalogue as a whole, the quality was not up to the standard of the opening sale last season, a large portion of she Northern clip suffering from tenderness, and the whole of the offering being heavy in condition. In [; making a comparison with last season's prices the heavier condition of the wool on this occasion must be taken into consideration. The finer wools suitable for America underwent a drop of from Id to 2d per nound: coarse crossbreds went down fully id to Jd, and very dingy wool dropped Id. Compeition was keen up to a limited range of values, especially so far as the Continental buyers were concerned. It was also extreme!;; ki.en tor "star" lots and oddments. Owing to the | strike, the catalogues were not so large as was anticipated by the brokers, but the latter stste that the Labour troubles have not had any effect on prices. LONDON WOOL SALES. HIGH COMMISSIONER'S REPORT. [by tkleuhami. —riuisrf association".j Wellington, Thursday. The Department of Agriculture haa received the following cable from the High Commissioner, dated November 25th, regarding the opening of the sixth series of colonial v?ool -sales:— 'The wool sales have commenced. Home and Continental dealers are buying freely, but Americans are holding off. The price of superior merino ia unchanged, but all other wools average a halfpenny lower than at the last sale. About 40,000 baks of Nes? Zealand wool is catalogued. ,