WOOL VALUES LOWER.
THE SECOND NAPIER SALE. NO SIGN OF STABILITY. BRADFORD MORE IN EVIDENCE. [by telegraph. — press association.] NAPIER. Monday. Prices further declined fit the opening of the second Napier wool sale to-night, when 10,000 bales out of a catalogue of 24,842 were submitted. The wool was not up to the standard of the November sale, not being as bright in condition and showing grease. Bidding was at times erratic and at no period of the sale did it appear as if there was any stability in the market. It was noticeable that Bradford buyers were more in evidence, the drop in the market apparently being more in keeping with their limits. However, the Continent took the bulk of the offering. Little wool suitable for America was offered, and what there was showed a decided drop in value. Compared with the opening -sale super wools dropped from 2.U1 to 3d per lb. ; average crossbred wools were down 2d; inferior crossbreds 3d; crutchings 3J,d. Rates for pieces and bellies were on a par to gd down. Prices for lambs' wool Were up to expectation. The decline in valuo represents at least Id below the Christchutch sale. The balance of the catalogue will be offered tomorrow.
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New Zealand Herald, Volume LXII, Issue 19195, 8 December 1925, Page 10
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205WOOL VALUES LOWER. New Zealand Herald, Volume LXII, Issue 19195, 8 December 1925, Page 10
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