THE WOOL MARKET

Ashburton Guardian, Volume 55, Issue 110, 19 February 1935, Page 7

THE WOOL MARKET

THIRD SALE AT NAPIER. PRICES GENERALLY FIRM. (Per Press Association.) HASTINGS, February 18. Prices at, the third Napier wool sale, as compared with the January sale, were very firm, but any choice lots were in sellers' favour, in all 24,264 . bales were offered and passings did not appear* to be frequent. Total purcnases probably reached 80 per cent. Satisfaction was expressed that a certain German buyer, who had previously not operated largely, made a number of purchases. ' The average price was about 30 to 35 per cent, lower than that reansea at the February sale last year. There was a full attendance or ; buyers, representing practically all sections of the industry in different parts of the world. Bidding at times was very spirited. Generally speaking, the wool Was disappointing, from tne buyers' viewpoint, probably, accounted for by some choice coast wools being held for disposal in March. In spite of this there was a keen demand for the wool at defined limits. Bidding was well spread, all buyers participating. Bradford lifted the bulk of the wool, with strong competition from the' Continent, Japan and Canada: Low quality and seedy wools wer# a trifle easier. Necks and, pieces and bellies were in strong demand at prices about on a par with vthe previous sale. Lambs' wool, of which there was a large quantity offered, at times was erratic, since there was a > marked difference in the prices realised for the wool from the first and second lambs of some clips.

THE SALES AT SYDNEY. STRONG COMPETITION. - SYDNEY, February 18. j At the wool sales today 11,617 bales were offered and 10,727 sold, while 577 were sold privately. The average price last week was £l2 3s 6d per bale, or 9.7 d per lb. To-day's auctions found strong competition from Yorkshire, Japan and the Continent. The full limit of last week's closing rates for best descriptions was barely maintained, and prices for these were in buyers' favour. With this exception values remained about par. Greasy merino brought to 16£d for seven bales.

Rang* of Prion. Following i« the range of prices: d. d. SouthdownAverage 91 to 104 Inferior ... ... 7| to 9 Medium Half bred, 50-56— Average '« Inferior 9* to 10 7i to Si Extra Fine Crossbred, 48-50— Super 8i to 9} Average ... x ... 6f to Si Inferior ... , ... 54 to 6i Fine Crossbred, 48-50— iSuper , •Average . Inferior ... '... 7 to 8 54 to 6i 4* to S\ Medium Crossbred, 44-46—■ 'Super Average • Inferior 5| to 6>l 5 to 5| 4 to 5 Coarse Crossbred, 40-44— ,. Super Average Inferior 54 to 6$ to 6J 3| to 44 Low Crossbred, 36-40— Avei'age Inferior 44 to 6 3i to 4J Hoggets— '50-56 ... • ... 50-54 ... i4s$o ' ' rA '... .;. 46-48 8J to 91 7* to 94 64' to 94 5J to 71 PiecesGood to super ... Low to medium ... Seedy and inferior 54 to 6* 4 to 5 24 to 31 Necks— Super Average Seedy and inferior.. 7 to 8 54 to '64 44 to 61 Bellies— Good to s£per ... Low to medium ... Seedy and inferior . 44 to 51 34 to 4 2| to 41 Crutchings— I Good to super Low to' medium ... Seedy and inferior 5 to 6 34,to 44 21 to 34 Locks— ;, Crossbred 24 to" 31 Lambs — Good to super Average Seedy and inferiorShort, seedy and inf. 84 to 10 6J to 8 4 to 5 2 to 3|