NAPIER WOOL SALE

Poverty Bay Herald, Volume LIX, Issue 17955, 6 December 1932, Page 4

NAPIER WOOL SALE

HELtf THIS AFTERNOON <IOOO BALES FROM GISBORNE The Napier wool sale is being held this afternoon. It was originally intended to commence the sale at 0 a.m. to-day. but advice was received in Gisborne late yesterday afternoon to the effect that the start was being delayed until ~ p.m. As a result, selling is expected to proceed until a late hour and the first advice regarding the trend of events is not expected in Gisborne until late in the afternoon. Approximately 4000 bales of Gisborne wool is included in the catalogue which totals 27,902 bales. The quality and condition of the wool are regarded as the best for many years, and on this aspect the Napier Telegraph statco that from the tone of the market at the first of the Auckland series and the very fine condition of this year’s Hawke’s Bay clip it is antici- '[)■ tml that an increase of about id pe; Hi. on the northern rates will be real isml. The average price of wool at the Auckland sale last week was approximately fid ’per lb. A comparison with other opening sales at Auckland is as follows: —

Average per bale. A vertigo •per lb. Total. £ s <1 <1. £ ]!>30 .. i r> r> 7 10'O 204,000 If 27 1»)2S .. 21 0 9 14.81 490,qoo .. 22 11 0 15.04 490,000 If! iff) 1-; ft 2 10.05 238,125 1930 .. (i 13 2 4.07 100,759 1031 .. 7 5 10 5.00 103,131 150,000 1032 ..700 5.00