WOOL MARKET

Gisborne Times, Volume LXXIII, Issue 11915, 8 April 1933, Page 5

WOOL MARKET

\ ' . totto*;: fto ' FINIAL- -S-AJvEi AT NAPIER. PRICES ABOUT EQUAL TO •;,:M3UO&ENT'’ •■yAiitlES. - ... LOWER GRADES SELL EXCEPT- 1 || TIONALLY: WELL, i FINER SLIGHTLY BELOW .WELLINGTON RATES: • (Special to the Times), ;! 111 :NAriEß,yApnl j;r Prices generally .on a par with those ruling at the recent . Wellington and Wanganui "sales were obtained at the final Napier wool sale held to-night before a fairly full bench of buyers operating mostly for English ■ toipd Continental firms. • to to'In all; 5062 bales wore offered and, generally speaking, the wool was of better standard than is usually to be expected at the final sale of the season. Lower grade, wool sold Exceptionally well, in view of the fact that- it was of fairly poor quality coming from the backcountry. Finer wools fetched slightly lower

prices than those ruling at the Wellington sale, owing to being a shade i too deep. The highest price obtained ¥ was 9.3 d for a line of a. super type of halfbred. Bidding throughout was brisk for all qualities and the clearance was satisfactory. Compared .with.the Napier March sale, brokers made medium and coarse crossbred Jd to 3d . bettor; inferior 3d to 2d, pieces and bellies about par,; hogget .wool, offered keenly , and competed for at advances up to ono penny.

BROKERS’ REPORTS.

DE PELICHET McLEOD AND CO

(Special To The Times)

NAPIER, April 7

Messrs. Do Pelichefc McLeod and Co. Ltd, report having hold their fifth salo of the season before a representative bench of buyers. Wo only offered a few oddments, states the report, the bulk of our wool having been sold ,in the earlier sales. Competition was very strong., prices for medium and low crossbred being on a par to a shade hotter compared with our March sale. Sales made ns follows: — • DAL—3 hales halfbred A 93 d; I halfbred B 83d; l'bels 33d. Tiki—6 hales A sd. EJE—IB hales A and B del; 1 hale BE 3Jd. Kopa—l2 bales D 33d. Taheko over SRC—6 hales first lambs 53d. Tapuie over NZ—3 bales A lambs 5Jd. PME—in ' A block—4 hales lambs 53<t. TJF—d: bales A lambs 3 id. TIB over Kokomui—l bales lambs 4d Ohukia—3 bales ergs 3jd. N.Z. LOAN AND MERCANTILE. (Special to the Times.) NAPIER, April 7. The New Zealand Loan and Mercantile Agency, Co., Ltd., report having held the fifth and final wool sale, of the current season last night, when a total catalogue of approximately 0064 hales was submitted to a mil ami representative bench of buyers, from the outset competition was exceptionally keen both Bradford and Continental representatives securing vru- major portion of the fleece wools. As has been the case right throughout. Du. season, FMi«ev.secur<id;.the.Juilk t pt the bellies and pieces, and for lambs’ wool France, Australia and Bradford wore keen competitors.

The wool opened up bettor than \v:is expected, being lighter in condition ■r-han is usual at a. cleaning up sale. Some good quality wools were on offer, but unfortunately the bulk of These wore too deep in the staple to command high prices. Comparing the prices with those ruling at the Wanganui sale last Wednesday evening they can be quoted ns £rm and unchanged. Last night’s sale brought to a conclusion "the wool-selling season in New Zealand, and unfortunately it has been a most disappointing one, as prices have been very low. Nevertheless growers evidently had decided to meet the market, and a large quantity of held-over wools has been disposed of or shipped, to London, consequently the carry-over has been very materially reduced. It is to he hoped that before next season commences prices will have greatly improved. The following aro some of the prices realised: >1(: 7xhd, 23d.

TJH: 4pcs, 23d. To Mahoo: 3 A lbs, 63d; 1 B lbs, 33d ;‘l lbs, Bid; 1 -first pcs, 3jd; 1 nks, 3Jd. R. G: 1 ertgs, lid. Tawa: 6 A 4d. End field: 4 CE; 3sd..

DOMINION SALES AND EXPORTS

LARGE INCREASES SHOWN

Confirmation of the opinion of several brokers that there had been . a goodly reduction in tlio quantity 0 held-over ’ wool during tlio 1932-33 season is afforded by the latest returns compiled by Dalgety - ° Offerings of wool during the nine months ended March 31 totalled 593,471 hales, an increase of nearly £O,OOO bales compared with the corresponding period of last-season. The quantity actually sold' was 525,825 bales, compared with 417,600, an increase of 108,225 bales.