MORE COMPETITION Commission Buys 33 p.c. At Napier

Press, Volume CVII, Issue 31500, 14 October 1967, Page 44

MORE COMPETITION Commission Buys 33 p.c. At Napier

(New Zealand freet Annotation)

NAPIER, October 13. The wool market improved slightly at the first main Napier sale of the season today.

Hie Wool Commission took 33 per cent of the offering of 13,349 bales—mostly fine crossbreds, bellies and pieces—compared with 55.59 per cent at Christchurch last week.

Compared with Christchurch sale last week there was better competition today from the Continent and United States with the Wool Commission being less active. Bradford and Japan competition was comparatively negligible. OFFICIAL REPORT In their official report, the Hawke's Bay Wooibrookers’ Association, the New Zealand Woolbuyers’ Association and the Wool Commission say extra fine crossbred fleece values were unchanged, fine crossbreds were a little firmer, medium and coarse crossbreds inclined in sellers’ favour. Second shear and bulky crutchlngs were fully 2| to 5 per cent dearer under strong competition from New Zealand carpet mills and the United States, supported by Australian carpet mills. The offering was drawn from all districts of Hawke's Bay, Gisborne, the East Coast and Taupo and was presented to a full bench of buyers. The offering consisted mainly of hogget wool, together with approximately 15 per cent crutchlngs, a small quantity of ewe and early shorn fleece plus the usual amount of skirtings and oddments. The bulk of the hogget wool was generally well grown and mainly sound of staple as a result of the excellent conditions prevailing throughout most of the growing season. A proportion of this wool was inclined to be of mixed staple length. The clip generally wu tending to show considerably

coarser Quality than usual due to the abundance of feed. At the London October wool sales on Thursday the market was generally a little higher 01 With oSyatoken Quantity Of New Zealand greasy wools catalogued, there -were insufficient to quote. New Zealand scoureds, however, met a strong demand, buyers showing preference for wools available for prompt delivery at prices 2} to 5 per cent higher, those for shipment remaining very firm. . Among slipes, halfbred lambs improved 2} per cent, crossbred lambs were fully firm, lambs seconds up to 5 per cent dearer and sheep fully 2} per cent, dearer. Only 18 per eent of New Zealand growers' scoured wools and 9 per eent of growers’ slipes were passed to the Wool Commission.