SPIRITED WOOL SALE.

New Zealand Herald, Volume LXI, Issue 18015, 14 February 1922, Page 8

SPIRITED WOOL SALE.

THE NAPIER OFFERING.

NINETY PER CENT. SOLD.

AN ADVANCE IN PEICES.

[n TELEGRAPH.—PRESS ASSOCIATION.] NAPIER, Monday. Tho upward tendency prevailing in tho wool market during recent weeks was fully maintained at the third wool sale of the season at Napier to-day. Bidding from an attendance of about forty buyers, representative of all sections of the trade, was very spirited throughout, desired sorts bringing forth good competition. The catalogue offered comprised 16,320 bales, but as at previous sales this season tho condition was not up to the usual Hawke's Bay standard. Some of the clips aatained a fair amount of trefoil burr, this being tho case in some good wools frum the flats. This wool was consequently spoiled for American competition. The effect of this trefoil burr even the slightest traco of it, in tho wool, means at least id per lb. depreciation, and some buyers would not take it at all. In Hawke's Bay the appearance of burr is apparently on the increase, and does not augur well for the future, as it is bound to affect prices. At to-day'a sale Continental buyers operated very heavily, and gave good prices for tender and wasty wool, which showed an increase of Id on tho last sale rates. Supor wools, for which America is always a keen competitor, were not offering in great quantity. Prices showed an improvement up to ji Bradford was also very active for wools suited to that market at prices that were also on tho up grade. Tho demand allowed a dis- ; tinctly* improved tono for ordinary, medium, and coarso crossbreds, in which shabby back-country wools also participated. Lambs' wool brought forward a brisk demand, in which the Dominion milk operated freoly in competition with French buyers. Pieces, bellies and lock's wont very woll at improved prices, many lines selling at from 4£d to 6d. Gonorally speaking, the salo wont well and tho prices, taken all round, showed an advance of up to Id on the January prices. Nearly 90 per cent, of tho catalogue was soli. Tho official range of prices was:—Medium halfbredaverago to Coaraor halfbrcd super 12Jd, average lOd to lid. Fine crossbred super 9Jd to average to 9|d, inferior to 7j[d. Medium crossbred super 9d to to B|]d, inferior 5d to 7Jd. Coarso crossbred super 6Jd to 7|d, average sj|d to 6£d, inforior 4gd to 5Jd. Low crossbred super 5d to average 4-Jd to inferior 4d. Hoggets supor 9d to medium 7Jd to 9d, coarse 5Jd to 7Jd, low 43d to 5Jd. Lambs, inferior down lljd, super crossbred, IOJd to 12Jd, medium 7§d to 83d, seedy and inferior (all grades) 4d to 6£d. Bellies and pieces halfbred low to medium 6jd, crossbred good to super 6d to 7£d, crossbred low to medium 3jd to 4£d. crossbred inferior and seedy l£d to 3d. Crutchings medium to good 3d to 4jd, inferior to seedy Id to 2j}d. Locks, crossbred, Id to 2d.