NAPIER WOOL SALES.

Grey River Argus, 21 November 1928, Page 5

NAPIER WOOL SALES.

GENERAL ADVANCE IN PRICES SMALLER OFFERING DUE TO WET WEATHER. NAPIER, November 2d. Thu opening wood sales of the season, in Napier, was held this afternoon when under 12,000 bales were catalogued against 16,000 of last Noyem ber. The interruption o£ shearing by wet weather, is responsible for the emallnqss o* the offering. The condition of the wool is exceptionally gofod, being . equal to 1924-25, Hawke’s Bay’s best season, and this contributed in some m| asure to satisfactory prices being obtained.

Genially prices were an. improvement ’on the opening sale of last season, and showed an all round advance on thix Wellington sale last week, the average improvement being at least a penny. Pieces and necks w’ere threepence bettl'r than at Wellington, hoggets were quite a penny, and fleece wool, generally, half a penny to threefarthings. Super-erossbrLid, suitable for America, and also pieces aud necks were keenly sought after. Right through the sale com(pctition was exceptionally spirited, and well distributed among a full bench 'of buyers representing all sections of trade. The smallness catalogues for the opening sales in the various centres iseonsidere.d to b’ l responsible for the keenness of the demand, and men in the trade express the opinion that prices will fall as the tseason progr/ejSSJe®.

The top price for hoggets was 22 pence, while a line 'of half bred, brought 22| pence. The official range of prices was not available tonight. SYDNEY SALES. RECORD PRICE FOR GREASY MERINO. SYDNEY, November 20. At the wool saUfs there was an excited market. Prices were very firm at highest rates erf the season. For wool showing superfine quality competition was well sustained. Thb. tojp price for greasy merino fleece was 361 pence, constituting a fresh record. They bales sold totalled 12169.