WOOL MARKET

Grey River Argus, 19 February 1935, Page 4

WOOL MARKET

NAPIER SALE Prices Unchanged (Per Press Association.) NAPIER, February 18. Rates estimated as fully firm upon those ruling at last week’s Wellington auction, were realised at the third Napier wool saie to-day, during the earlv stages. The entry was largely made up of late-shorn back-country wools, carrying a heavy degree of condition. Competition was particularly keen at buyers’ limits, and all sections of the trade were in the market, with the bidding well distributed. Passings were not so frequent as at the earlier sales, so far as thf- first two catalogues were concerned. Piece wools and scouring sorts are estimated as selling at slightly improved rates compared with the January Napier sales, while super and good wools were fully firm. Medium and low grade wools eased a shade in some instances The market for lambs’ wool was variable. LONDON, February 15. A new phase of unshrinkable wool is beginning with its production by the bromine treatment, instead of by the Wool Industries Research Association’s chlorine. The bromine process is described in a “Textile Mercury” arI tide, which claims for it less destruction. more tensive and tortive strength and improved dyeing. It adds that researches reveal that bromination is preferable to chlorination. THE PRICES FIRM. SO PER CENT. CLEARANCE. HASTINGS': Tebruary 18. Prices at the third Napier wool sales of the season, as compared with the January sale, were very firm, but any choice lots were in the sellers’ favour. There were 24,264 bales offered. Passings did not appear to be frequent. The total purchases probably reached 80 per cent. Satisfaction was expressed that a certain German buyer, who had previously not operated largely, made a number of purchases. The average price was about 30 to 35 per cent, lower than that realised at the February sale

last year. There was a full attendance of buyers, representing practically all sections of the industrv in different parts of the world. Bidding, at times, was very spirited. Generally speaking. the wool was disappointing from the buyers’ viewpoint. Probably this was accounted for by some choice Coast wools being KeTT for disposal in March. Tn spite of this, there was a keen demand for wool at defined limits. Bidding was well spread over all sections of the benches, all the buyers participating. Bradford lifted the bulk of the wool, with strong competition from the Continent. Japan and Canada. Low quality and seedv wools were a trifle easier. Necks and pieces and bellies were in strong demand at prices about on a par with the previous sale. Lambs wool, of which there was a large quantity offered, was at times erratic, since there was a marked difference in the prices realised for the wool from the first and second lambs of some clips. The official range of prices is as follows:— Merino—Nil. Corriedale —Super. not quotable; average, not quotable; inferior, not quotable. Southdown —Super, nil: Average. 9|d to 1013: inferior. 7}d to 9d. Halfbred. 56’s—Suner, nil: average, nil: inferior, nil. Hftlfbred. 50’s to 56’s—Super, nil: average, 9d to 10d; inferior, 7';d to Sid. , Extra fine crossbred, 48’s to 50’s— S-mci-. c’.l to 91d: average. 6Jd to B}d; inferior. 54d to 6}d. Fine cross-br.--l 46’s to 4S’s—Super, 7d to 8d; average. sjd to 6|d: inferior. 413 to 51 d. Medium crossbred. 44’s to 4b’s Super. 5Jd to 6’d; average. 5d to 5 : ;d: inferior, 4d to sd. Crossbred, 4D’ : . in Il’s—Super. 51 d to 61 d; average. tjd to s|d; inferior. 31. d to 4ld. Crossbred (low). 36's to 40’s Super, nil: average, 41d to Cd; inferior, 3jd to 4|d. Hoggets, 50’s to 55’s—Sid to 9jd; 50’s to 54’s—7Jd to 91d: 48’s to 50’s —did to 91d; 46’s to 48’s—5Jd to 7M Xecks—Super. 7d to 8d : average. 53d to Old; seedy and inferior. 4}d to 6]d. Pieces —Super. 53d to 63d; average. 4d to sd; seedy and inferior. 23 dto 3?d. Bellies —Super, 4ld to s|dj. average. 33d to 4d; seedy and inferior. 23d to 3J<l Crutchings— Good to super, 5d to Cd; average. to 43d; low. 23d’"to 33d. Crossbred —Locks 23d to 3}d. Lambs, 48’s to 50’< —Good to super, Sid to lOd: average (slight seed). 63d to 8d; seedy and inferior. 4d to sd. Lambs, 40 s to 50’s—Short, seedy, inferior, 2d to

SYDNEY WOOL SALES. BEST SORTS WEAKER. (Aus. and N.Z. Cable Assn.) (Received Februarv TS at 10.10 p.m.) SYDNEY. February 18. At to-day’s wool sales 11.617 bales were offered and 10,727 were sold and 577 bales were privately. The average price at the sales last week was £l2 3s 6d per bale, or nine decimal seven pence per pound. At to-day’s auctions there was strong competition from Yorkshire. Japan and the Continent. The full limit of last week’s closing rates for best descriptions was barely maintained, and the prices for these were in the buyers’ favour. With this exception, the values remained at about par. Greasy merino brought 16|d for seven bales.