" JUBILANT."

Auckland Star, Volume LXV, Issue 6, 8 January 1934, Page 9

" JUBILANT."

FARMERS REJOICE. WOOL PRICES AT NAPIER. ADVANCE OF 25 PER CENT. (By Telegraph.—Press Association.) NAPIER, Saturday. Hawke's Bay and Poverty Bay sheep farmers are jubilant at the price realised at the Napier wool sale to-day. Determined and at times excited buying among German and French representatives sent prices upward, and at the dose of the final catalogue it could be reliably estimated that prices to-day were 20 to 25 per cent higher than the comparatively good rates at the December sale. One surprise was the increase in values for coarser types of wool. Com7>ared with previous sales they were higher by as much as 2Jd a pound. Lambs' wool far exceeded the expectations of both growers and brokers, though the bidding was confined to only a few buyers. Southdown also was in sharp demand, and one. early lot brought 2Ud. Dominion scourers seemed to find prices out of their reach, and did not operate to any marked extent. With few exceptions, Continental representatives lifted the offerings of necks, pieces and bellies, and the Continental demand was one of the outstanding factors in forcing the pace. When high prices were realised at tho opening of the sale many of those interested thought they were not to be maintained, but with exceedingly animated competition from France and Germany, the sale concluded just as confidently as it commenced.

"A Day of Surprises." "To-day has been a day of surprises for both growers and buyers," said one woolgrower at tho sale. "Some figures realised were 2d, 3d and in some cases Sd per lb above growers' assessments of what various lots were worth. We had a. succession of shocks and thoroughly enjoyed them. It is a long time since any of us saw "such a cheering spectacle." Another broker said: "Business is active on the Home -market, and English manufacturers are working at capacity to fill the demand. It is apparent wool is wanted in all parts of the world. Competition is widespread, particularly from European houses, and it looks as though buyers are in the markets without limits." Following is the official range of prices:— a. a.

AUSTRALIAN'S VIEW.

"PRICES WTIJd KEEP TJP."

SLIGHT DROP NEXT YEAR

"Prices for wool will be higher before the sales are finished this season," said Mr. G. "N. Magill, a well-known grazier, of New South Wales, who arrived from Sydney by the Aorangi this morning. Together with Mr. Eonald McKay, another grazier, and Mr. J. SpencerBrunton, a prominent Australian sportsman, Mr. Magill is on a short visit to Xew Zealand. "Prices will again be good next year, but not quite as high as they will finish this year," continued Mr. Magill. "Shortage of wool on the world market is the principal cause for the sudden rise. People have been holding off buying clothing for the past four years, but now they have got to the stage where they have to buy. Improved world trade all round is another factor that has contributed to the rise. But we do not want wool too high, because the higher it goes the harder it will fall. If present prices are maintained then there will be only a slight drop next year."

Southdown — Super mi to 211 Average ....... 17 to 50 Inferior ' 14 to 16 Halfbred. 50-56 - s 19 to 202 Extra Fiae Crossbred, 48-50's — Super 16 to 17J Average 13J to 15J Inferior 10J to 12 Fine Crossbred, 46-48's— Super 13 to 16* Average 11 to 12>3 Inferior : 7J to 10| Medium Crossbred, 44-46's— Super 11 to 13 Average ..; •••• 9 t0 Wi Inferior •.. 6J .to • SJ Coarse- Crossbred, 40-44's— Average-. ■-.*.-...*....... 81 to 91 Lincoln — Average .. 8 Hoggets— ' «L'- : \ m , 50-56's ....« 18 to 20J 4S-50S 131 to 17 46-50's to 20J 46-48's Hi to 15 Lambs— * 50-56's ..., to 19 46-50's 12 to 17 Seedy and inferior .... 7 to 11 Necks— Extra fine 18 to 20 Super 15 to 171 Average 12 to 14J Pieces— Halfbred to l< Good to super 11 to 13J Low to medium 8 to 10 J ' Seedy and inferior .. 6 to 7 J BeUies— Good to super ...... 9 to 11* Low. to medium .... 6i to 8 Seedy and inferior .. 5% to 61 Crutchings— Good to super ...... 7' to 9 Low to medium .... 5J to 6J Seedy and inferior .. 41 to 5 Locks ;•;.. 41 to 62