KEEN DEMAND AT NAPIER
PjRiCBS ABOVE EXPECTATIONS }
A SHARP ADVANCE
(United Press Association)
NAPIER, Tins Day. The third Napier wool sale was concluded to-day before a full bench of buyers. As was anticipated the market hold good till the conclusion, when it was found, on an average, that values had advanced anything from l|d to 2d on those ruling in .December. Bradford, who earlier in the season were not operating with their; usual vigour, recovered form and took easily the greater portion of (lie quota, while France and Germany were keen competitors, lifting for them very large quantities. America bid high for particular lines.
The most satisfactory result from the growers' viewpoint is that the nrices are up on Wellington and considerably above expectations. Of the 29,290 'bales a very small percentage was pagsed over, which shows that buyers are anxious to secure wool, and farmers' reserves were exceeded.
The wool, through being rather late was somewhat heavy in certain lots, but there were some very clean bright clips from the south of the province which took the eve.
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Bibliographic details
Nelson Evening Mail, Volume LXI, 18 January 1928, Page 2
Word Count
179KEEN DEMAND AT NAPIER Nelson Evening Mail, Volume LXI, 18 January 1928, Page 2
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