WOOL MARKET.

Press, Volume LXVIII, Issue 20498, 17 March 1932, Page 12

WOOL MARKET.

FOURTH NAPIER AUCTION. ADVANCE ON WELLINGTON RATES. (PRE 33 ASSOCIATION TELEGRAM.) NAPIER, March 16. The fourth wool sale of the season was held to-day, when prices were better than anticipated, an advance being shown on the rates secured at the recent "Wellington sale. There was a full bench of operators and competition was most animated within restricted limits. The selection generally was of poor quality. The few well-grown and stylish clips elicited strong competition, being quoted in growers' favour. Many clips were seedy and unskirted. These were not wanted, except at very low prices. The . bulk of offerings was lifted by Bradford, the next largest operator being Japan, who secured large parcels of suitable types. France was not so active as usual and except for good lambs, necks, and pieces iier operators were seldom heard. New Zealand mills remained fairly quiet, but local scourers secured several inferior lots at prices lacking competition. Good pieces, lairibs, and bellies met with a ready demand, but lots poorly got up were neglected.

The highest price secured at the sale was 84d for a fine line of AA hoggets under tho brand of Paututu, Gisborne. For a similar grade of hoggets, 8d was secured. First lambs made up to 7 ; } d and necks and pieces to 7ld while a line of scoured pieces realised Bd. Tho sale throughout was spirited, seven catalogues being disposed, of by noon. Passings were frequent, indicating that growers entertained confidence in the future. Compared with the Wellington sale fleece wools were better by a halfpenny, pieces a shade dearer, and other sorts unchanged. The range of prices is as under:— fi d. d. Southdown— Average .. 6 to 7 Inferior .. .. 3} to 51 Medium Halfbred— Super .. .. 7 to 8.1 Average .. .. to (U Inferior .. .. to 4 Coarse Halfbred— Super ~ - .. 6 to 7 Average .. 5 to 5 J Fine Crossbred— Super .. ~ 6 to 7J Average .. ~ 4 to 5} Inferior .. .. 3j to 4 Medium Crossbred— Extra super .. .. to 7 Super . .. .. r>£ to (U Average' .. .. ii| to 5 Inferior .. .. 2j to 3 j Coarse Crossbred — Average .. .. 3£ to 4 Inferior .. .. 1j to 3 Low Crossbred— Average .. ~ 3 to 3| Hoggets—--50-56 .. .. 7 to 8i 48-50 .. .. 4} to 8" 40-48 .. .. 35 to 71 44-46 .. .. 2,} to r,i 40-44 .. .. to 3J Lambs—--46-50 .. .. 4 to '7l 40-46 .. .. 3J to 5J Seedy and inferior .. lj to 37. Necks .. .. 4} to 7* Pieces— Good to super .. 4 to Low to medium • 2 to 3} Seedy and inferior .. 1 to :!} Bellies—- ' Good to super .. 2} to 3j Low to medium .. l-j to 24 Seedy and . • .. to ,1J , Crut?hings—- !' Good' to super - 2f to 4 Low to medium 1J to 21 Sepdy and inferior ; .. • to H ;Locks-.-- , .... Crossbred . .. ... to ]}

K LONDON SALES. BRISK COMPETITION. RATES CONTINUE FIRM. ! (UNITED PRE SB . ASSOCIATION—B* ELBCTWC , ~ • . TELEGRAPH—COPXIIIOUT.) . I ' ; LONDON, March 15. ; At the , wool sales, 9493 bales were ; offered, including 4936 from New Zealand, about .5867 being sold. There was brisk competition, and the offerings were cleared freely at firm rates. Bradford took the bulk of the crossbreds, and the Continent took the bulk of the merinos. Greasies, New Zealand Havelock, top price average 81 d. Scourcds, New Zealand Oxford, top price average 16d. SYDNEY SALES. KEEN YORKSHIRE DEMAND. (Received March 16th, 9.35 p.m.) SYDNEY, March 16. At the wool sales, wools suited. to the Yorkshire demand met keen competition, with moderate support from Japan and the Continent. Greasy merino made to 15d. The offerings totalled 10,018 bales, of which 8386 were sold, and 1028 were disposed of privately.

THE B.A.W.R.A. SCHEME FINAL PAYMENT. WORLD'S GREATEST WOOL TRANSACTION. (united press association—by electric TELZGHAVH —COPYEIGHT.) MELBOURNE, March 16. Sir John Higgins and Mr Murphy, liquidators of B.A.W.R.A. (British-Aus-tralian Wool Realisation Association), have made a final distribution- of 16d a share to contributors, absorbing £753,532. The series of such payments now aggregates £236,741,955, representing the greatest wool'transaction in the world's history. BRITISH GOODS. DANISH DAIRY FARMERS' POLICY. (WITED PRESS ASSOCIATION —BY ELECTBIC TELEGRAPH —COPYRIGHT.) COPENHAGEN, March 15. The Jutland Co-operative Dairies demand that Denmark support her best customer, and buy British goods.