NAPIER WOOL SALE

Ashburton Guardian, Volume 71, Issue 36, 22 November 1950, Page 7

NAPIER WOOL SALE

COMMERCIAL

TOP PRICE 132 d . (P.A.) 'NAPIER, November 21. price of 132 d at the opening day of the first wool sale of the new season in Napier was obtained for a parcel of superfine well-styled hogget wool. There was little change in the market this afternoon when the remaining portion of the first half of the catalogue was sold. A small offering' of comeback wool from the Chesterhope property, near Napier, made 128 id, while another keenly sought line realised 126 d. New Zealand mills purchased both these latter offerings. Prices paid for crossbred wool compared favourably with earlier sales and good fleece lines of ewes in this category, made from 112Jd to 117!d, hoggets selling freely at between 113 d and 117 d, while top lines commanded up to 126Jd. This afternoon Continental operators met with more opposition than during the morning, and when some of the choice coastal clips came on the market fluring the latter part of the day, there was a hardening tendency for ewe and adult sheep fleeces. Hogget wool held firmlyf to opening rates throughout. The second portion of the catalogue is to he disposed of on Thursday. The brokers’ official report stated: “The first three catalogues, comprising 19,366 bales of growers’ greasywool and 1708 bales of stock pile, were offered to a full bench of buyers. Wool opened up in excellent order, and many lots were outstanding as to quality and style. As the sale progressed it was evident that these lots were being bought apparently without limit as to price. On the whole, however, competition could best be described as restricted, with Continental interests dominating the mai'ket. The United States and Canada were active on suitable lots.”

STOCK SALE

STORE SHEEP SECTION In the store sheep section at the stock sale at the Tihwald yards yesterday 282 wether hoggets sold at prices ranging between 53s to 59s 6d, while a line of 186 ewe hoggets made 82s. Forty-eight shorn ewes and 57 lambs made 41s, all counted, 82 woolly ewes and 77 lambs made 57s 9d, and a line of 66 four-tooth wethers made 635. : , i : j'| [-!•.'

STOCKS AND SHARES

The following transactions were recorded on the Christchurch Stock Exchange yesterday:— Sales on ’Change—Stock, 1957-60, 3 per cent., £99 10s (2); Christchurch Building, £2l 10s; Broken Hill Pty., 56s 3d; N.Z. Drugs, £5 15s; Woolworths (Syd.), 30s (2), 30s 2d (2); Matea Forests, 2s 6d. Sales reported: Stock, 1961-64, 3 per cent., £IOO ss; Oamaru Woollen, 50s; British Tobacco, 46s 9d; Broken Hill Pty., 56s 3d (2); Claude Neon (N.Z.), 57s 3d; Hays Ltd., 84s 6d; Woolworths (Syd.), 30s 2d; N.Z. Motor Bodies, 38s 6d.