NAPIER WOOL SALE

Press, Volume XCVIII, Issue 28800, 22 January 1959, Page 17

NAPIER WOOL SALE

Fine Crossbreds Very Finn (New Zealand Prase Association) NAPIER, J«m»«ry 21. The first day’s selling at Napier’s second main wool sale ended this afternoon with priebs quoted as very firm for fine cross, breds on' rates- last week, and fully firm for all other types, except that/ coarse fleeces were inclined to be easier. A review of the day’s selling is contained in an official report issued this evening by the Hawke’s (Bay Woolbrokers' Association in conjunction with the New Zealand Wool Buyers’ Association, and the New Zealand Wool Commission.

The report said that catalogues comprising 24,667 bales of greasy wool and 1714 bales of scoured wool were submitted to a fully representative bench of buyers. The wool, which was drawn from all Hawke’s Bay and East Coast

areas, in many instances showed the effects of the adverse season. Fleece wools from the coastal areas, which experienced drought conditions during autumn and winter, were thinly grown and rather dusty. Bellies and pieces were not particularly good, there being a fair amount of yellow colour present. The bulk of the lambs’ wool was. rather short, but a premium was paid for lines which showed good length and colour and were well picked. Although competition was very brisk, main support came from the. Continent, with Bradford operating sparingly and with some support from Japan for speciality wools. America gave good support for coarse paperfelts and carpet fleeces, but was less active than in recent sales. “The market can be quoted as very firm for fine crossbreds and fully firm for all other types, as compared with the previous Auckland sale, except that coarse fleeces were inclined to be easier. The remaining catalogues, comprising 22,962 bales of greasy wool, will be offered next on Friday.’’ Bante of Prices The official range of price, le:— . Southdown, 58/60’s

LONDON WOOL SALES After a somewhat irregular start, the January series of London wool sales closed on an improved note, with wider competition, says cabled advice from the Bank of New Zealand’s London office. In the New Zealand offering greasy crossbreds predominated, and these on the opening day moved in buyers’ favour, although good styles sold relatively well. The tone was cautious, and the demand came mostly from the Home Trade. Scoured descriptions were also in buyers’ favour. A small offering of slipes came forward. Fine lambs of full length declined 5 per cent, with other descriptions very firm, and sometimes against the buyer. Pfices showed little change at the Friday auction.

Aluminium Take-over. The British Treasury has approved the take-over of the British Aluminium Company by Tube- Investments and their American partners, Reynolds Metals. Control of| the British company is to remain! in the United Kingdom.—(Reuter.) |

Good to super .. so to 54 *? ood 44 to Average .< 3g to Inferior .. /, 27 to 49J 3? Extra Fine Crossbred. 54/56's— Good to super 40 to Good .. 38 to Average to good .. 361 to Average .. 34 to st 37} 36 Fine Crossbred. 50’s— Good to super .. 39J to 40 Good to super . . 371 to 38} Average to good .. 36 to 37 Average .. 34 to 35} Medium Crossbred, 48/ 50’s—

Good to super 39 to 40 Good Average to good 37} to 38} 35} to 37 Average Coarse Crossbred, 48/46*s— 33} to 34} Good to super Good 38} to 39} 37 to 38 Average to good 35} to 36} Average 32 to 34} Extra Fine Crossbred Hogget (shorn), 50/ Good to super — to 422 Good 39 to 41 Average to good 37 to 38} Average 34} to 36} Extra Fine Crossbred Hogget (shorn), 52’s— Good to super Good 40 to 41} 38 to 39’ Average to good 36} to 37} Average 34 to' 36 Fine crossbred hogget' (shorn), 50’s—Good to super 39 to 40 Good 37} to 38} Average to good 36 to 37 Average 34 to 35} Lambs, medium crossbred, 50 and 48/50’s— Super ... 37} to 39} Good 34} to 36} Average. 31 to 34 Lambs, second— Good 26 to 27 Average 23 to 25} Inferior and seedy .. 19 to 22 Necks Fine crossbred, 50/ 56’s— Good to super 37 to 38 Average 35 to 36} Crossbred, 50 and 58/50’s— Good to super 37} to 38 Average to good 35 to 37 Average 32 to 34 Pieces Fine crossbred, 50/56 and M’s— Good 31 to 32} Average 28} to 30} Inferior 26 ' to 28 Crossbred, 46/50’s — Good 30 to 32 Average 27} to .29} Inferior 25 to 27 Bellies Crossbred, 46/50’s— Good 26} to 28 Average 24 to 26 Inferior 21 to 23 Locks Crossbred— Good 17 to 18 Average 15 to 16}