IMPEOVED WOOL PRICES

New Zealand Herald, Volume LX, Issue 18297, 13 January 1923, Page 10

IMPEOVED WOOL PRICES

GODD SALE AT NAPIER. Is:.'.'■■ ■%'#■ 'W' : '^t : 'B' : ':-' : ' : ■:■:■'.■■' ]Y\/- '■ "■: I ALL CLASSES ADVANCE. :-. ;•.;...■,.',;.-;:';■''. ;.■;■;'.., .:< '''■■' '■'■' .■-/'<'■ y:....y--r. .;■/ . X '■'■'- : '-''- '■'■ ':-'•■:■. _ 'V CONTINENTAL COMPETITION [BY. WJI.BOKAEH.-— ASSOCIATION.) : . ' " NAPIER, Friday. The;second wool sale of the season in Napier took place to-day, starting in the morning and continuing to 11.30 p.m. A record catalogue of 27,500: bales was offered. Never before has such a large bench of buyers, numbering over 60, been present at Napier. It was representative of every "country interested in the woollen and textile trade, and from the commencement it was noticeable that the buyers had ehistio limits. Bidding was spirited throughout the sale, all classes of wool, bringing forth keen competition. The result was improved prices. ' All the markets were wanting wool and buyers in the endeavour to secure it competed with one another, much, to the growers' advantage. The wool wa» well grown, and in good condition, generally speaking being better than that catalogued last season. Improved classing resulted in more wool coming in for American competition^ 1 A particular feature of the sale was (the good improvement in prices for lower grades. This tended '.to.-'show that the revival in the wool trade, is now general. All ' classes of hogget wptl showed a substantial advance of from 2d to 3d on November sales. Fine wools, suitable for the American market, Were from par to 2^;per cent, higher, while low grade ! wools, especially 40's to 44's, were ait from lid to 2|d advance. There was keen competition for pieces, some of the good-sorts realising excellent prices. In one clip pieces '. realised lid more than the top line of the fleece. "I Bradford operated freely, Staking the bulk of the catalogues, the spinners' high limits being against the top makers. After local mills, bought their requirements of pieces, the Continent took up the remainder. Germany was operating very extensively, taking up inferior wools otnd some very coarse Lincoln. France, and Scandinavian competed with Germany for this class of wool. To Japslo went crutchings, of which there was not a great deal offering, also coarse pieces and fine Southdowns. ■ . The range of prices so far as is ascertainable to-night, was as follows:-— Merino, 22d to 26d. Southdown 20d to 23d. Medium halfbred, 50-66, super 17d to 20d, average 16d to 16|d; inferior 14£ dto 15id. Coarse halfbred, 48-60, super 15d to 16£ d, average 13d to 14fdj inferior lOd to 12d. Fine crossbred, 46-48, super 15d to 16|d, average 1.3d to 14|d, inferior 10id to lljd. Medium crossbred, 44-46, super 14cl to ISid, average 12d to 13£ d; inferior 9d to ll|d. Coarse crossbred, 40-44, super 12/|d to 14-Jd, average 10|d to 12id; inferior B|d to 9Jd. Low crossbred, 36-40, super 9id to 10£ d, average B£d to BJd; inferior 6d to Bd. Hoggets.— 46-48, 15d to 16id; medium, 44-46, 14d to 154 d; coarse, 4044, lOd to 13£ d'; low, 36-40, to 9|d. Lambs.— 44-50, 14£ d to 16jd; medium, 40-44, I2d to 13fd. Seedy and inferior (all grades), B£d to 10d.' Bellies and pieces, crossbred, good to super, 12d to 16£dj low to medium, 7d to 10£ d. • Crutchings.—Medium to good 6|d to 73d;' inferior to seedy, 5d to s|d. Locks, crossbred, 4d to sid.

WOOL SALE AT GISBOKNE. : BEQUEST BY SHEEPFABMEBS. / [BY TEIJEGBAPH.—OWN COBtIES?ONDENT.] ; GIBBORNT2. Friday, f < A deputation from the Gisborne sopowner's Federation and Farmers'. Union, supported by a number of Poverty Bay woolgrowers, met the Wool Buyers' Ass iation* at Napier, asking that two sales be held at . Gisborna next season. Sufficient wool was promised to satisfy the ou\'irs' requirements. . : ..' ; ; The buyers received the deputation sympathetically, and promised to consider the matter at their meeting next month, but. indicated that the main difficulty was to get sufficient time to increase the number of present Dominion sales. They promised to endeavour to overcome this, and if so, would include Gisborne.