WOOL IN DEMAND

New Zealand Herald, Volume LXXIII, Issue 22349, 21 February 1936, Page 12

WOOL IN DEMAND

KEEN NAPIER SALE BETTER SORTS IMPROVE OTHER LINES REMAIN FIRM CLEARANCE OF 98 PER CENT [by telegraph—own correspondent] NAPIER. Thursday A sellers' market was provided at the third Napier wool sale to-dav, when values for practically all sorts showing quality were fully firm on or better than the rates ruling at the January sale. For fine quality distinctive lambs there was a strong demand with the result that prices showed an advance from Id to ljd per lb. on the last sale. Fine wools generally were slightly better than the January offering, while medium to coarse crossbreds could be quoted at from one farthing to one halfpenny dearer. A total of 30,163 bales of Hawke's Bay and Poverty Bay wool was offered to a full bench of buyers. Competition for all sorts was very animated owing to an increased number of buyers operating on the same limits which, for special lines, showed quite a degree of elasticity. Values appeared to bo up to the ideas of growers and there was a clearance of 98 per cent.

The clip generally was a top-making offering, containing only a small percentage of carding and preparing types. Bidding was very active and well spread with the Continent and Japan both very strong. Bradford operators, while lifting many lots, did not show quite the same activity as displayed by them at the recent Wellington sale. Germany was not so strong to-day as at Wellington, but still secured several suitable lots. "Really Good Sale" "I had a really good sale," remarked one auctioneer after he stepi>ed down from the rostrum. ''The buyers are in great form to-day and they carried the sale along at a great rate. It is certainly a sellers' sale, and there is very little room for complaints from anybody." A feature in the selling was the straight-out competition between a Bradford operator and the representative of a New Zealand mill for a top line of southern Hawke's Bay coastal clip. Bidding started at ninepence and was carried along by alternative farthing bids, which were given with marked determination on both sides, to be finally knocked down at 12|d to Bradford. ,The whole clip, which was well bred and showing character, was disposed under similar keen competition. With the animation that had to be contended with at times the auctioneers' task was somewhat difficult. Competition lor Lambs' Wool

Good quality lambs' wool was in fair supply and met with spirited competition. The top price was 131 d for a beati-fully-got-up line. Necks, pieces and bellies were keenly sought after by the Continent with rates on a par with those at the Wellington sale. Necks made up to 9Jd, first pieces up to 9Jd and bellies 7£d. Inferior sorts, including second pieces, low-grade lamb locks and crutchings met with an equally good demand at rates which generally hardened on those offering at the January sale. Seedy and moisty lots were not Deglected and some lines made surprisingly good rates. Considerable attention was given to inter-lotted, binned and reclassed lots in the store. All met with keen inquiry, realising a hardening rate after widespread competition in which marked rivalry was displayed. Practically all countries showed an eagerness to purchase these lines and good sales were effected. Owing to late shearing hogget wool was in greater supply than usual and several good top lines were offered. Prices generally for hogget wool, according to quality, ranged from 9d to 13id, with medium-length types meeting with the keenest inquiry. Range of Prices The range of prices was as follows: 1935 1936 Southdown— d d d d Super .. .. A vera Re . .. 9 1 /, to 10 VJ 11 to 12% Inferior . .. 7% to 9 10 to 10' i Half bred, 50-5S Super . . .. Average ... Halfbred, 52-50 Super . . . . A vera s?e . . . 9 1o ] 0 11 1o 12 Inferior . . . 7'/, to 8% 9 1 , to 10% Extra Fine Crossbred. 4?-50 Super . . . . b% to 9% 10' ito 12 Averse* . .. C 3 ,i to 8% 8% to 9% Inferior . . . 5% to 6% 7% to 8% Fine Crospbred, 4C-4S Super .. .. 7 to 8 8% to 9% Averace . • • •*>% to (j s £ 8 to 8 3 / i Inferior . .. 4% to 5% 7 to 7% Medium Crossbred, 44-46 Super .. .. 5/4 to S'/i tt> 9% Averace . - . 5 to s'i 7'i t.o 8% Inferior . 4 to 5 7 to 7% Crossbred. 40-44 Super . . .. 5% to 0% 8% to 9% Averace . . . 4'i to s'i 7% to 8 Inferior . . . 3% to 4% 6 n /« to 7'i Low Crossbred. 36-40 — Super . . . ■ . S to 9 Average . .. 4! jto 6 7 1o 8 Inferior . .. 3% to 4% HoczeU;— 52-56 .. .. 8% to 9% 10 to 13% 48-50 .. .. 6% to 9% 9% to 12% 46-48 .. .. 5% to' 7% 6% to 10 Lambs—--48-50 .. .. 8% to 10 9% to 13% 46-48 .. .. 6% to 8 9% to 12% Seedy and infer. 4 to 5 5% to 8 Kecks— Super . . . . 7 to 8 9% to lO l^ Average . . . 5% 1® 6% 7 3 ,-; to 8% Seedy and infer. 4% Jo 5 6% to 7% Pieces— Super . . . . 5% to 6% 8% to 9% Average . . 4 1o 5 7 to 8 Seedy and infer. 2% 1o 3/« 5% to 6'i BelliesSuper .. .. 4% to 5% 7 to 7% Average . . 3% to 4 6 to 6®i Seedy and infer. 2% to 3% 4% to 5% Crutchings— Super .. .. 5 to 6 8 to g% Average ' . . 3% to 4% 7 to 7% Seedy and infer. 2% to 3% b 3 /, to C/i Locks . . .. 2% to 3% 4% to 6 GOOD SYDNEY MARKET VALUES VERY FIRM (Received February 20, 9.15 p.m.) SYDNEY, Feb. 20 At the Sydney wool sales to-day ] 1,388 bales were offered and 10,738 were sold. Also, 1323 bales were sold privately. The. market was very firm for all descriptions, with values generally in sellers' favour. Yorkshire and Japan were the chief operators, with increased support from Germany and France. Greasy Merinos sold to 23jd.