NAPIER WOOL SALES

Otago Daily Times, Issue 18760, 13 January 1923, Page 10

NAPIER WOOL SALES

* - HIGH' PRICES REALISED. RECORD ATTENDANCE OF' BUYERS. (Pek United Press Association.) NAPIER, January 12. The second wool sale of the season in Napier took place to-day, starting in the morning and continuing till 11.30 p.m. A record catalogue of 27,500 bales,- was offered'. N-i*er before has such a large bench of buyers, numbering over 60, been present at Napier wool Bales. It was representative of every country interested in the woollen textile trade. From the commencement it was noticeable that they had elastic limits. Bidding was spirited right throughout the sale, all classes of wool bringing forth keen competition,,! The result was improved prices. All the markets wanted woed, and buyers in their endeavour to secure it competed l with one and other much to the growers’ advantage. lire wool brought forward for sale was 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. The particular feature of the sale was tho great improvement in priors obtained for the lower grade wools. This tended to show that tho revival of the woollen trade is now general, competition being formerly restricted to fine wools. All classes .of hogget wool showed a substantial advance of from 2d to 3d on the November sale, fine wools, suitable for tho American market, from par to 2i per cent, higher, whilst low grade wools, especially 40'a to M’s, were from lid to 2id in advance. There was keen competition for pieces, some cf the good sorts realising excellent prices. In one clip pieces were, IJd more than the top line of the fleece, which is rather an anomaly in the wool tradlo. Bradford operated freely, taking ihe bulk of tile .catalogue. The spinners’ high limits were against the top-makere. After the local mills had bought their requirements of pieces, the Continent took up the remainder. Germany operated very expensively at the sale, taking up all inferior wools, and some very coarse Lincoln. Belgium and France and the Scandinavian countries competed with Germany for this clnsa of wool. To Japan went the crutchinga, of which tv-V n great deal was offering, also coarse pieces and line Southdtown. The range of prices, so far as is ascor tainable to-night, was as follows; Merinos, 22d to 26d. Southdown, 20d to 23d. Medium halfbred, 50's to SB's —Super, 17d to 20d; average, 16d to 16Jd; inferior; 14Jd to Injd. Coarse' halfbred, 48's to SO’e—Super, 15d to Ifijdaverage, 13d to 14Jd; inferior, lOd to 12d.

Fine crossbred, 46's to 48'e —Super, 15d to 16id; average, 13d to 14Jd; inferior, tOJd to Hjd. ' , , Medium crossbred, 44 a to 46a—Super, 14d to Isid; average,' 12d to 13Jd; inferior, ad to Hjd. Coarse crossbred, 40’s to 44’s—Super, 12Jd to 14-id; average, 10}d to 12fcd; inferior, Bid to 9Jd. Low crossbred, 36’a to 40’a —Super, 9Jd to 10fd; average, BJd to fjd; inferior, 6d to Bd. Hoggets-—Fine, 46's to 48’h, 15d to 16Jd; medium, 44's to 46's, ltd to 15tid; coaree, 40’e to 44's, lOcl to 13id; low, 36’e to 40's, 7fd to OJd. . Lambs—Fine, 44's to 50'e, 14 Jd to ]6Jd; medium, 40’a to 44’s, l - 2d to 13jd. Seedy and inferior (all grades), B}d to lOd; bellies and pieces, crossbred, good to super, I2d to IGfd; low to medium, 7d to lOJd; crutehingo,'medium to good, 6Jd to 7Jd; inferior to seedy, 6d to 5Jd; locks, crossbred, 4d to ojd.