NAPIER WOOL SALE

Evening Post, Volume CXII, Issue 123, 20 November 1926, Page 12

NAPIER WOOL SALE

BETTER THAN WELLINGTON SLIGHT RISE IN PRICES. (By TelegM-ph.—Pt»M AMoeittioo.) NAPIER, 19th November. The first Napier wool sale of the 1926----27 season has pawed off ju«t m almost everyone expected—with s decline in values on those prevailing in March of this year, and reaching » level parallel with prices prevailing in Wellington on Monday. Those closely connected with the trade are of opinion that the values ruling were from par to slightly better than those offering at the Wellington sale. Taken right through they were better than most brokers expected, and there was a tone about the market that gives s hopeful sign for the immediate future. Bradford, France, Germany, and, in fact, most Continental countries, also American and Dominion buyers, operated. Competition was well distributed, and increased as the sale progressed. The wool offered opened up tender, thin, and short in staple and more wasty than usual. Bradford lifted the bulk of the catalogue. American buyers took very little, but there was keen competition among Continental buyers for pieces and bellies. The catalogue comprised 16,234 bales, and about 85 per cent, or more sold under the hammer. Following is the range of prices:— Southdown — Super 16% to 18% Average li\ to 18 Fine Halfbred— Super up to 16 Corriedale 13% to 15% Coarse Halfbred— Super 14 to 15% Average 12% to 13% Inferior 10V& to 12 Fine Crossbred— Super 13 to 14% Average ..11 to 12 Inferior 0% to 10% Medium Crossbred — Super 12 to 13% Average 10% to 11% Inferior ....; 8% to 10 Coarse Crossbred— . Super 12 to 13 Average 10 to 11% Low Crossbred— Average 9% to 10% Inferior up to 8% Hoggets— 48-50 14 to 15% 4648 12 to 13% 44-46 ....^ 12 to 13% 4044 9 to 12% 4044 VA to 12% 3640 up to 10% Lambs— Fine 11% to 12% Medium 10 to 11 Seedy and inferior .... up to 9% PiecesNecks 11% to 14% Halfbred up to 11% Crossbred, good to super 10% to 12 Crossbred, low to medium 8% to 9% Bellies— Halfbred 8% to 0%, Crossbred, good to super 8% to 10 . Crossbred, low to medium 6 to 8 Crutchinga— Medium to good 8% to 10 Inferior and seedy .... 4 to 7 Locks, crossbred 4% to 7%