WOOL MARKET

Hawera Star, Volume XLVIII, 13 December 1928, Page 5

WOOL MARKET

SALE AT NAPIER.

COARSE LOTS EASIER. SATISFACTORY PRICES REALISED ittlegfapli —Frcoti Association.} NAPIER, Dec. 12.

The second wool sale of the season was held in Napier to-day. On the whole the prices ottered were satisfactory to vendors. Finer lots brought prices equal to those ruling at the November sale, but coarser lots dropped slightly, shabbier sorts showing id decrease.

The total offering was 27,646 bales, and a good clearance was effected. A full bench of buyers was present, representing England, America, and the Continent, as well as the Dominion mills. Bidding started well, hut was not consistent, and fell off towards the close, with a consequent increase in passings. Bellies and locks were in the keenest. demand, the prices offered for super lines in these classes being relatively better than for fleece wools. The clip opened up in excellent condition. The recent weather conditions and an abundance of feed had an effect, but on the whole the wool made a. spendid showing and called for some liign praise. The best price of the day was secured for a line of Gorriedale fleecy wool. Lambs’ wool was not in great quantity, but the quality was good and it was taken at satisfactory figures. On the whole the sale can be regarded as quite satisfactory', and sellers generally have nothing to complain about. DETERIORATION IN QUALITY. DIFFICULTIES OF IMPORTERS.

United Press Association —By Electric Telegraph Copyright.) (Australian Press Association.)

LONDON, Dec. 12. Mr. William Hunter, president of the British Wool Federation, has sent a letter to the newspapers replying to Australian comments on his speech at the Dominion farmers’ conference in London on Augsut 13, when he complained of discrepancies in estimates. He says the wool trade interests in.* Britain are disappointed that industrial and economic conditions in England since the war have not allowed them to buy for use in England as big a percentage of the total clip as before the war. “These conditions are gradually changing to our advantage,” states the letter, “and it is expected the purchases of British firms this season will show an increase on last. “My .criticisms of the character of many clips now coming to the market were made because I felt the producers of these wools failed to realise the importance of maintaining the character of their wools according to the iisers’ viewpoint and because there is the

danger that, as a result of the continuance and extension of the present tendency, if wool values decline seriously there will he a serious accumulation of this badly-bred type of wool which might ultimately embarrass both growers and users. “Therefore the wool importers of Britain feel attention ought to' he drawn to this deterioration in the character of certain wools and, by directing attention to it. encourage growers, to correct it, maintaining the renutation of the wool-growing industry.”