WOOL SALE

Southland Times, Issue 19771, 20 February 1923, Page 6

WOOL SALE

NAPIER PRICES DOWN. (Per United Press Association.) NAPIER. February 19. The third Napier wool sale of the season, which opened on Saturday night, concluded to-day, when 27,500 bales were offered to a bench of 50 buyers, representative of most sections of the trade. From the outset it became evident that competition would not be so keen as at the January sale, and with wool generally speaking not in so good a condition as disposed of early in the season, prices suffered to a certain extent. The general reduction was from Id to lid per lb, which brought the prices back to ' those ruling at the December sales. The noticeable feature of the sale was the lack of American competition, and this undoubtedly had its effect on the keenness of the sale and also on the prices realised. Bradford was the mainstay of the sale, as the general bulk of the Hawke’s Bay wool is suitable for this market. Prices for Bradford wooLs were also easier by a penny. France was very keen after lambs’ wool, whilst Belgium and Germany had a fair sprinkling of orders. The local mills were not active to any extent, but scourers helper! materially to keep the values of pieces and bellies up. These were probably the best selling proposition of the day. About 50 per cent, of the catalogues sold under the hammer, but a large amount of the passed-in lots sold subsequently. Southdown 22d to23:]d

Medium Halfbred— Super Average < .. Inferior .. 18d to 23id 16d to 18}d 14d tolSld Coarse Halfbred — Average 13d to 14 Id Inferior lOd to ll*d Fine Crossbred— Super 14d to 15d Average 12d to 13}d Inferior 9id tolOJd Medium Crossbred— Super 12d to 14d Average lOidto 12d ' Inferior 8id to 101 d Coarse Crossbred— Super lOd to 12d Average 8d to 9-$d Inferior 7d to 7-id Low Crossbred, 36’s to 40’s— Super .. .. 8 Id to 9.{d Average 7Jd to 8Id Inferior 63d to 7:}d Hoggets— : Fine ., ,. 13{d to 143d . Medium 13d tol4ld • Coarse M to HJd j Low 7d to 9d Lambs— Fine 133d to 16d Medium lid to 13d Seedy and inferior ., 53d to lOd Bellies and Pieces — Halfbred, good to super 12d tol6?d Crossbred, good to super 104d to 12}d Low to medium ., .. 63d to lOd Crutchings— Medium to good Bid to 7fd Inferior and seedy .. 4d to 5fd Locks, crossbred . . . . 4d to 5.Id