Prices Firm in Napier Wool Sale

Horowhenua Chronicle, 13 January 1932, Page 8

Prices Firm in Napier Wool Sale

KEEN COMPETITION

NAPIER, Last Night

The second Napier wooK sale, held' yesterday, was described by one of theauctioneers as one of the best and keenest of the current scries. Altogether 24,307 bales were offered, and. the passings did not exceed 15 per cent. ieie AVils very little change'in prices compared with the Wellington sale, line, cimsneds being just a shade firmer. . . the whole the wool fell below the -J u '? vC ’ s Bay standard, and much. 1 111 d dusty state. Some wool. ■I s drstmetly hairy, U nd this made a difference as far as the buvers wer& . concerned, then- values in this class of tsool being lower i„ cumeqaenco. ai " °. V °, 1 . u °°* ? "hicli had opened." p icma.-kably well and mostly without stain appeared to be selling quite we'l on ruling rates. There did not appear to be any desire for lower qualities such as 44’s, 40’s, 3(i - s and seeded wool. i n normal times there would probably not be the same disregard for slightly inferior wool, but in times such as thesebuyers are getting the cream of thowool for the price of medium wool There is therefore not the same competition for low wools.

Competition was very keen, and more gencrai than at the Wellington sale, the Continental section 0 f the trade, particularly France and Germany, was very active on most fleece wool linos and on tiro relative scale of values it appeared,, on the first two catalogues. at least, as if bellies and pieces wore selling better on the day than medium class wool \ Bradford was again reserved, operating on strict limits. Japan w..s represented on the benches, but its operators did not appear to be having to any large extent. On some superwools, particularly the pick of the coastal clips, America came into the running, and a fair proportion of this class of wool was purchased for Canada. Necks, pieces and bellies sold extremely well, and in many cases realised a higher figure than fleece wools. The top price, of the sale was for super fleece AAE under the brand GJenaray. the bidding going to Did. for this line. Other line fleece wools brought from Sd. to 9d. On the whole prices may be said to be a little firmer' on the last sale. Further Rise at Sydney Sales SYDNEY, Jan. 12. At the wool sales 10,738 bales were offered, and of these 10,349 were sold, as well as 498 which were disposed of privately. A very strong demand prevailed, prices showing a further hardening tendency for all descriptions. American buyers displayed greater activity. Greasy merino made up to 3 7d. HIGH WATER AT HOKIO. JANUARY. a.m. p.m. Wednesday, 13th . . .. 1.23 1.46 Thursday, 14th .. .. .. 2.G 2.28