Auckland Wool Sale To-day

Manawatu Times, Volume 62, Issue 20, 25 January 1937, Page 2

Auckland Wool Sale To-day

TOTAL OF 27,000 BALES ATTITUDE OF JAPAN The second Auckland wool sale of the season will take place to-day. A total of 27,000 bales will be offered at the sale. Tho limit was originally fixed at 27,000 bales. However, as the allocation of 20,000 bales for tho first Auckland auction was exceeded by 1600 bales, the limit for this sale was correspondingly reduced to 25,400 bales, only to bo later reinstated to 27,000 bales to accommodate the heavy supply. So great was the rush of wool after the first sale that it was found necessary to close the catalogue on December .16, over a month before tho selling date. .Since then clips have been arriving steadily and it is estimated that there are already well over 10,000 bales held in storo for the no-limit sale in March. “The clip is of average quality,” said one broker. ”It has opened up in good condition and as a consequence of the warmer weather before Christmas the greater proportion is heavier than at the first sale. Some of the wool which is lighter was shorn at the time of the previous auction, but was shut out. As usual there is a fair qantity of lambs’ wool. The bulk of the offering is medium crossbred, although there is a fair percentage of fine wool.” The obscurity of the reason for Japan not operating at the Napier and Wanganui auctions has created a feeling of uncertainty in Auckland. The explanation that Japa held off at these sales because of the inferiority of the wool is generally accepted as being correct, and .it is anticipated that her support will be forthcoming at fh Auckland auction to-day, It appears obvious that Japan is holding off until tho sales in the South Island, -where she should operate strongly again for balfbreds. However, it is felt that as Bradford and the Continent were shut out of the earlier sales on account of the apparently limitless bidding of Japan, they have by no means secured their quotas, and the demand from these quarters, as well as from the United States, should compensate largely for tho withdrawal of Japan. The consensus of opinion among brokers is that levels will be on a par with those at Wanganui,