AUCKLAND WOOL SALES.

Waikato Times, Volume XXXIX, Issue 3192, 8 December 1892, Page 2

AUCKLAND WOOL SALES.

(BY TELEGRAPH.— OWN COKKESPONRENT). Auckland, Last Night The fir&t wool sale of the season was held to-day in the new auction mart, opposite the Union Bank of Australasia, in Queenstreet. A Urge number of persons were present during the day, and the mart presented a busy appearance. During the present sale a larger number of bales came beneath the hammer than on any previous occasion in Auckland, and though we cannot, of course, vie with the South in respect of quantity, we may gradually work up a very respectable series of wool sales annually. For small settlers a local disposal of their wool at the prices which were realised to-day will always be most advantageous, as many small stock-owners know to their cost that the London buyeri do not trouble with small lots, and in consequence these are often knocked down at prices which are quite unremunerativo to the grower. Last season small shippers experienced a distinct loss on their consignments to the Old Country, and the conclusion is that they will rather prefer to dispose of their wool locally. At to-day's sale the number of bales offered was, in round numbers, 3000. It is probablo that at the next sale of the season, which takes place on tlin lltli J.muary, the amount will be still larger. It is not anticipated that there will beany necessity to hold a third sale, but if it is thn Wool Brokers' Association will arrange for it. Taken all through, this season's fleece is good in point of weight, and the bales, with a few exceptions where the wool is slightly clotted through exposure to the wet, are well got up. The Maori wool, of which thei'6 were a few lots, went well, the sample being good. As a rule, lots were small, from one to six bales being the number in each. Those with thirteen or fourteen bales are few and far between, showing, as already stated, that is is the small grower who takes advantage of the local market. One of tho largest lots was that marketed by Captain Kennedy, Waiheke. It consisted of 45 bales of h'alfbred, and brought the good price of S|d—the same figure as Mr Cochraue's wool, from the Pollock Settlement, brought. The Southern men were the largest buyers, the sales effected to Auckland firms being, with few exceptions, on a much smaller scale.

Mossrs Hunter and Nolan started the sale, offering 582 bales. Mr J. Philson was the auctioneer. The consignments were quitted at the following rates :—Longwool, ofd to 7d ; crossbred, Gid to 7jd ; merino, GJd to 7d per lb, Messrs Binney and Co., whose sale took place second in order, cleared 050 biles us under :—lnferior crossbred, fvjd to (Jd ; medium do., GJ;(1 to GW ; go.-d do., 0 : ? dto 7d ; fine, 7jd to 7jd ; half-bred, Ski. Mr Kingswell conducted the sale for this firm,

The New Zealand Loan and Mercantile Agency Company, Limite], conducted the third sale, Sir Wilkin officiating as auctioneer. They presented a catalogue of about 800 bales nearly the whole of which found buyers at satisfactory rates. In fact, the prices realised were decidedly better than anticipated 011 the basis of London values. The lending lot of the line J.T.X. over Taniwha which topped the market last year brought a half-penny lower. Several other lots of the same brand (brought S-Jd. Prices were :—Locks bellies and piecj- 3 , 3.W, 4d to -ttd ; first pieces up to ojd ; merino and longwool, up to 7d ; Linci'ins, G.M ; cross and half-bred, 7(1 to 7kl. The special line above referred to as tupping the market runninK up to BJd under the hammer, wa3 closed privately at Ski.