Good Wool Sale at Napier

Manawatu Times, Volume 61, Issue 10, 13 January 1936, Page 8

Good Wool Sale at Napier

Prices Firm on Those Ruling at Wellington

EXCELLENT CLEARANCE

MADE

Per Press Association,

NAPIER, Last Night. An excellent sale, with vendors very satisfied with the values ruling, was the result of the second offering of this season of 30,400 bales of Hawke’s Bay and Poverty Bay wool to a full bench of buyers on Saturday. The extent to which vendors were-satisfied with the values ruling may be judged from the fact that 99 per cent, of some of the catalogues offered changed hands under'the hammer.

Values were fully firm on those ruling at the Wellington sale on .Monday on all classes of lleeco wools, while super lambs’ wool showed an advance of up to one penny per pound on Wellington fates, seedy and inferior lambs' wool being from parity to slightly firmer.

While a degree of rise on the ruling rates for...crossbred at the December Napier sale was reported at the Wellington auction on Monday last, the general opinion among the brokers and buyers present to-day appeared to be that the ruling rates at the two sales were at approximately parity, and while Saturday’s sale produced actually stronger competition than at Wellington on Monday, there was actually no appreciable change in the ruling values for fleece and piece wools when December levels were compared with those ruling on Saturday. Some' degree of irregularity was seen at times on hogget wools in Saturday’s offering, bui a buyer explained this by stating that a proportion of the back-country hogget wools offered in the entry were inclined to be slightly tender. Piece wools for the most part again sold remarkably well. Continental buyers were providing particularly keen competition for offerings of fine necks, with France setting a strong pace from the. outset and Germany assisting to provide a stimulus to the market at times. The market was still definitely a Continental one, but Bradford was more in the picture than at the December sale, and Japan had also apparently large orders to fill. America Was in the market for suitable lines for her requirements and buying was also carried out for Canada and Australia. The representatives of New Zealand mills were prominent at times in the bidding on suitable wools. The Range of Prices.

The official range of prices was as follows:

Wool Situation at Home

RISE IN PRICE EXPECTED. LONDON, Jan. 10. OEorings at the London January wool sales, to begin on Tuesday next, are the smallest for any January series since the war. This indicates the tendency for new wool to go direct to the consuming centres to meet current requirements. It also tells eloquently of the demand for the raw material during recent months. Consumption in Great Britain, especially of Merino, has been extraordinary. France has recently started consuming on a fairly big scale. The Yorkshire Observer considers that the demand will be’'good at the opening of the sales. It is generally expected that Merinos will sell at par to 5 per. cent, advance, bringing them in line-with Australian sale prices. Fine medium crossbreds should be up

by 5 to 10 per cent., and low cross-i breds about the same. Bradford is reported to be well supplied with crossbreds. Germany may possibly be a buyer, although it has just concluded puri ehases from the Argentine under barter agreement.

Dec., Jan. 1935. 1936 d. d. d. d. Southdown— Super .. .. — to 15 Good to sup. 12 to 15 — Average .. — 12 to 134 Inferior .. — ■— Half bred, 56/58’s — Super .. .. — 35 to 36} Average .. 43 to 14 33 to 344 Halfbrcd, 52/56’s — Super .. .. 3 24 to 34 124 to 134 Average .. 31 to 32} 11 to 12 Inferior .. 9 to 305 94 to 104 Extra Pine Crossbreds, 48/50’s- - Super .. .. 33 to 32} 304 to 315 Average .. 9} to 104 8| to 30} Inferior .. 74 to S} 74 to S4 Fine Crossbreds, 40/4S's — Super .. .. 30 to 31 9} to 30} Average .. 8 to 95 8 to 9} Inferior .. 64 to 74 7 to <7,1 ' 4 Medium Crossbred, 44/46’sSuper,;.. .. 9} to 3 0} 94 to 10} Average .. 8 to 9} 75 to 85 Inferior .. 6 to 7 i 7 to 75 Coarse Crossbred, 40/41's— Super .. .. — S to 9 Avcrago .. 7 to 8 7 to 75 Inferior .. 54 to 05 04 to 7 Lincoln— Good to sup. Si to 9} — Av. to good — 74 to 9 Average .. 7 to S — Inferior .. 55 to 65 — Hoggets— 52/56’s 11. to 14 5 30 to 134 4 S/50’s .. 30 to 32 84 to 104 46/48’s .. Si to 11 S to 94 Lambs — 4S/50’s .. 9 to 33} .11 to 33} 46/4S 5 s .. 8J to 304 30 to 32 Seedy & Inf. 03 to 8 65 to 8 Nechs — Super .. .. 94 to 31 94 to 31 Average .. 8 to p, 8 to 9 Seedy & Inf. 64 to 74 04 to 74 Pieces — Super .... — — Good to sup. 8 to 30 S to 94 Medium .. •— — Low to mcd. 54 to 74 54 to 7} Bellies — Super .. — — Good to sup. 55 to 7 4 6} to 7 Medium .. ■— •— Low to mcd. 45 to 5} to 6 Crutchings— Super .. .. 74 to Si — Good to sup. — GJ to 7} Average .. 6 to 7} — Low to med. — 4 to 64 Inferior .. 4 i to 54 — Lochs — 4 to 5} 4 to 55