NAPIER WOOL SALES

Hokitika Guardian, 21 November 1927, Page 1

NAPIER WOOL SALES

VALUES UP TAVOPENCI

NAPIER, November 18. An advance of up to 2d a lb on the top prices of last year at the Alarcli sale and a level reached practically on a par with the rates ruling at AA 7cllington. a few days ago, coarser wools bea shade easier and finer wools firmer, about sums up the market at the opening wool sale of the 1927-28 season in Napier to-day. For that happy position farmers have in the main to thank the Continental buyers who liad very elastic limits, with Bradford operators nibbling all the time just sufficient to keep other markets up to their limits and at the same time getting just wliat wool they at the moment want. In spite of the present activity of tlie Continent, America, and all other buyers, there is no denying that Bradford takes the bulk of the wool. There is no denying that competition was very keen to-day and on the finer wools and neck and pieces French buyers operated with freedom at times it .seemed almost without any limits. Buyers who have not operated in Napier in the past few seasons were noticeably active on these lines, and their competition no doubt helped the market along. Belgium and Germany were noticeably in the market for wools that suited them, while an wools that came up to American requirements Avero quickly .brought up at prices satisfactory to the producer There was activity too, on the part of Australian firms desiring wool tor immediate consumption. Those who were out of it. were Hie local scourers. Generally prices were beyond their limits, and only occasionally did a lot fall to their bid. The condition of this season’s clip has something to do with the improved prices. Last season’s clip cannot compare with this, which is one ot the best for some time. It is shoving a, good amount of condition. is hotter grown, very attractive, and a .rood deal heavier. Hogget wool perhaps is inclined to he a little tender, but wool from the coast and Avairoa is noticeably lighter. The catalogue totalled 15,295 bales, and, with the exception of an odd lot, it was all disposed of under the hammer.