WOOL SALE AT NAPIER

Southland Times, Issue 23374, 4 December 1937, Page 7

WOOL SALE AT NAPIER

MARKET DEFINITELY KEENER

PRICES UP BY |D ON

AUCKLAND

(United Press Association) NAPIER, December 3.

With a catalogue of 20,000 bales, the first wool sale of the Napier series opened before a full bench of buyers. Competition was generally from the Continental buyers, Bradford operating to a limited extent, with Japan and America out of the market.

However, the demand was extremely keen within limits, the inquiry from the Continent advancing prices up to a half-penny when compared with the Auckland rates.

A definitely keener market was the verdict of those most closely associated with the industry, while, further, a pleasing feature was the excellent manner in which the growers were prepared to meet the rates offered. Passings were comparatively few in the early catalogues, and the sale was a fast one.

Keen competition continued throughout the sale, which was a short one with an offering of only 20,000 bales because of the withdrawal of 8000 bales after the fall of prices at Auckland. The clip offered was described as of better quality than the Auckland one, though in shorter staple than usual due to the hard season. Breaks in the wool were also common.

Taken on the first three catalogues, the top price was 14d for quality lambs’ wool. Hogget wool ranged from lid to 12Jd, fleece wools to 13Jd. A few lines of half-bred ranged to 13? d. The general feeling is w that the sale was better than anticipated. Growers met the market excellently, and appeared satisfied with values under the circumstances. The brokers generally were pleased with the percentage of clearance effected.

Hawke’s Bay growers are heavy losers this season because of the drop of approximately 20 per cent, in the wool yield, due to the hard season. This, combined with reduced values, will have a very marked effect on incomes from this source. The official range of prices is as fol-

lows:— d. d. Southdown A Ill to 12 Southdown B 91 to 10? Halfbred 56’s-58’s— Super 13 to 14 Average 111 to 121 Inferior 103 to 11| Fine crossbred, 5O’s-56’s— Super 12 to 13 Average 11 to 12 Inferior 10 to 10? Medium crossbred 46’s-48’s-Super Hi to 12 J Average 91 to 101 Inferior 8 to 9 Low crossbred 44’s-46’s— Super 11 to 12 Average 91. to 10| Inferior 8 to 9 Low crossbred 4O’s-44’s not quoted Hoggets— 56’s-58’s 111 to 13| 52’s-54’s 11 to 121 48’s-50’s 10 to 11J 46’s-48’s, 44’s-46’s, 4O’s-44’s not sufficient to quote Lambs not sufficient to quote Necks— Super 11 to 111 Average. 10 to 101 Pieces— Super 91 to 10 Average 8J to 9 Inferior 7 to 7? Bellies — Super 8 to 82 Average 71 to 7? Inferior 8? to 7 Locks 41 to 5? Crutchings— Super 9 to 91 Average 7| to 8 J Inferior 5J to 61 Southdown A 111 to 12 Southdown B 91 to 10?