ERRATIC WOOL MARKET

Manawatu Times, Volume 63, Issue 44, 22 February 1938, Page 2

ERRATIC WOOL MARKET

Inferior Sorts Cheaper; Good Styles Dearer KEEN NAPIER COMPETITION From Our Own Corresponflfent. NAPIER, Feb. 21. Compared w:lth the last Wellington wool sale, to-dELy’s market at Napier is from par to Id cheaper for inferior wools, and from par to a shade dearer for the good styled sorts. The speciality lots of coarse wools showing super style, which are in limited supply, were 2d and more d earer. The market was most erratic and difficult to follow. Competition was keen at more restricted limits, and the bidding was most animated for b inned wools and the clips reclassed in the store. About 20 per cent, of the lo ts were being passed. In view of the drop in the market at Wellington last week, withdrawals were not as heavy as was expected, and approximately 28,000 bales were submitted to a full bench of buyers representative of all consuming countries. Selling Quite Good. The wool, except for certain wellknown clips, had receded in quality on that submitted in the earlier sale, and many inferior and wasty sorts were included. The selling, however, was quite as good as anticipated, and periods of lifeless selling were infrequent. The bright spot in the selling was the keen competition be tween three or four operators who sought to outbid each other for special coarse wool lines showing a super style which one broker described as “ drawing-ro om ” sorts. These included a number of B ewes, and B and C wether lines, which realised the highest values in the early catalogues from 13£d to 14fd. This wool is believed to be for special orders in either Russia or Canada, anc. vendors were most fortunate for thesie lots to meet with such a demand, which was somewhat difficult for those connected with the trade to understand. For these lines the buyers concerned appeared to operate without limit. Among the outstanding clips submitted were those offered on account of the well-known Barker family, whose property represents some of the pick of the Poverty Bay district. These oldestablished clips showed breeding and character, and would return a high average. Th'3 Best Prices. The top price was 14|d for a line of B wethers under the brand of Rototahi. Under the same brand C ewe fleece brought 144 d and A A hoggets 13id and B ewes under the brand of Toututu equalled the top price of 14|d. B wether under the brand of V.B. under an eyebrow brought 14d, the B grade realising 13fd. C ew*© wool under the

brand of U.B. under an eyebww brought 144 d. Under the same brand the AA hoggets realised the brightest price for this class of wool at 14£d. A feature of the selling was that in several clips both the B and C grades sold better than A grades by Id to 2d. Cross and Southdown wools were not in demand to make from llsd down to 9d. Lambs’ wool was in demand, ranging from 9d to 12£d, with the best price at 134 d, for a line under the brand of Roydon. Crutchings Hold Their Own. Crutehings appeared to hold their own with the January sale at Napier, making from 7id to 9d, with the best lots realising lOd. Pieces, bellies and locks were Id to 2d cheaper. The top prices for pieces was 12fd, but the average lots ranged from Sd to lOd, with good second pieces making to 91 d. Many of the lots of bellies were inferior and made from 6d to 7£d. Locks were also inclined to be inferior, maknig from 4id to sd. Many clips included cotted wool, which ranged from 7id to lOd. The bulk of the fleece wool consisted of top making sorts having a wide range of quality; these ranged from Sid to 9jd* Better sorts realised from lOd to 13id, with special super styled lines making from 13Jd to‘l4|d. Among the binned wools which made good competition for all lines, halfbred A hogget brought Hid, fine A hogget llid, A Southdown llld, halfbred A 12d, fine AA Hid, fine BB lOd, fine C Bsd, A fleece (preparing) 13£d, A (carding) 9fd, BB 9d, Lincoln cross A lid, Lincoln cross B 9sd, low crossbred Bid, cotted Bd, necks 9£d, A pieces Sd, B pieces 7£d, A bellies 74d, B bellies 6ld, A locks s£d, dead Sd to 9d, fine lambs 12£d, A lambs lid, B lambs 9d.