THE WOOL MARKET

Ashburton Guardian, Volume 48, Issue 83, 18 January 1928, Page 7

THE WOOL MARKET

THIRD NAPIER SALE. BRADFORD FIGURES PROMINENTLY. " (Per Press Association.) NAPIER, January 17. The third Napier wool sale was concluded to-day, before a full bench of buyers. As anticipated, the market held gorad tilli the conclusion, when it was found that, on an average, values had advanced by anything from l|d to 2d on those ruling in December. Bradford buyers, who earlier in the season were not operating with the usual vigour, recovered heir form, and took easily the greater portion of the quota, while France and Germany were keen competitors, lifting, for them, very large quantities. America, bid high for particular lines to suit her, but local mill's were quite outclassed. On the whole it was a most satisfactory result from the growers' point of view, as prices were up on Wellington and considerably above expectations. Of the 29,290 bales catalogued, only a very small percentage was passed, which shows that buyers were anxious to secure wool, and that farmers' reserves were reached or exceeded. The wool, through being rather late, was somewhat heavy in certain lots, but there were some very clean, bright clips from the south of the province which took the eye.

Range of Prices. The following is the official range of prices:—

THE SYDNEY SALES. SYDNEY, January 17. The wool sales were continued under excited competition and the market ruled' at the best point of the season. Very full and satisfactory clearances were made, all descriptions sh££Jng the demand. Greasy merino sold to 32-J pence. BRADFORD PRICES FIRM. LONDON, January 16. At Bradford prices are firm, with an upward tendency, but less business is passing. Spinners are disinclined to follow the advances.

prices:— d. d. Merino: Average to 231 Southdown— Average 181 to 241 Fine Halfbred— Average 21| to, 221 Medium Halfbred— Super Average Inferior ... 20 18 to 22-J-to 19 Corriedale— Average — Coarse Halfbred— Super Average Inferior 21 19 14 to 221 to 201 to 18* Fine Crossbred-— Super Average Inferior 20 to 214 16| to 18 141 to 16 Medium Crossbred— Super Average Inferior 18 16 13 to 191 to 171 to 15 Coarse Crossbred— Super Average Inferior 16 14 13 to 181 to 151 to 133 Low Crossbred— Super Average ... ' ... Inferior 15 13 12 to 161 to 14| to 13 Hoggets— 50-5&S -18-50's Fine 46-48 Medium 44-46 Coarse 40-44 20 18 17 14* to 29| to 21| to 211 to 20 to 171 Lambs—• Good to super Low to medium Seedy and inferior . 19 to 234' 15 to 18 104 to 14| Bellies— Good to super Low to medium Seedy and inferior ... 12 10 9 to 13f to 11| to 10 Crutcliings— Medium to good Inferior and seedy ... 71 5 to 91 to 7 Locks— Crossbred 6? to 9 Pieces— Good to super :.. Low to medium Inferior to seedy Locks 161 to 19f 9£ to 15 8J to 9* 193 to '21f