NAPIER WOOL SALE.

Manawatu Standard, Volume LVII, Issue 72, 24 February 1937, Page 9

NAPIER WOOL SALE.

VERY BRIGHT TONE. ? FINE SORTS IN DEMAND. Per Press Association. NAPIER, Feb. 24. Approximately 30,500 bales were offered at the third wool sale, which opened at Napier this morning. Competition was very keen, prices generally being firm on the Wellington sale, but lower than the last Napier sale, when peak prices were realised. On the whole to-day’s prices were about twopence below the last Napier offerings and on a par with the Wellington prices. The otferings generaly were of a mixed quality, with coarse wools selling best, but there was a keener demand for fine wool than was anticipated. There was not a great deal of fine wool on the market, but what offered was of particularly good quality and was keenly sought after, the top price realising IBd on three occasions, in each case for top lines of Woolgrowers generally met the market, there being very few passings, and these only when betterquality wool failed to reach vendors’ ideas of values, even though in many cases the prices offered were close to those accepted at the W ellington sale.

Continental buyers were operating very fully, France, Germany, and Belgium being the principal buyers, with America and Canada next; Japan and Bradford bought only occasional lots. Generally speaking, the tone of the sale was very bright and well up to expectations, particularly when it is considered that quality wool was not up to the standard of the previous sale. There was again a keen demand for binned wools, and the increasing popularity of this class was indicated by the large number of entries submitted under this system. The average price was just over 14d.