WOOL RISES AGAIN.

Taranaki Daily News, 22 November 1924, Page 7

WOOL RISES AGAIN.

SECOND SALE AT NAPIER. WELLINGTON PRICES EXCEEDED. GENERAL ADVANCE OF A PENNY. AMERICAN BUYERS OPERATING. By Telegraph—Frees Association. Napier, Last Night. The second wool sale of the 1924-25 season in New Zealand took place in Napier to-day. The catalogues comprised 11,747 bales, representative of the whole district. The condition was the best that Hawke’s Bay has produced. In fact one broker stated that in twentytwo years’ experience he had never seen better. Buyers were present in record numbers for Napier. Expectations of a substantial advance in the prices ruling last March followed the reports of the high rates ruling at the Wellington sale a few days ago, but an even better standard was reached, it being thought that there was an average advance of a penny per pound on the Wellington prices. Farmers and others interested flocked into the sale, the municipal theatre being packed all day. An interesting outside feature was to be found in the fact that the agents of almost every make of niotor-car on the New Zealand market hovered in the vicinity of the theatre with cars for which they hold the agency, in an endeavour to catch the vendors* of wool in a happy mood created by the high prices obtained. Fully 80 per cent, of the wool offered was suitable for the requirements of America and Bradford, and in most cases these buyers outbid the Continental representatives. As several buyers appeared to have no limits, the sale went with a swing, and practically the whole catalogue was sold under the hammer at prices much in excess of the reserves.

Practically no fleece wool was sold under 20d, and prices were often as high as 28d and 3(xl. Medium and coarse crossbred showed a greater advance than finer wools. Compared’ with the March sale in Napier, the increases were about as follow: 48-50 quality, 4d to 6d; 46-48, 5d to fid; 44-43, 5d to 7d; 40-44, 5d to 7d; 36-40, fid to 7d. THE RANGE OF PRICES. Following is the official range of prices, compared with those ruling at Wellington. Napier prices being quoted first in each case:— Corriedale.—32 1 / 2 d to 35fd, 28d to 30d. Southdown.—29d to 353 d. nil. Medium halfbred super.—Up to 333 d, 30d to 32d. Coarser halfbred super.—3od to 32-/ t d, 29d to 30d. Average.—2sd to 29%d, 2.xl to 28%d. Fine crossbred super.—2B<l to 29’/jd; 27£d to 29d. Average.—2ed to 28bl, 24d to 28(1. Inferior. —233 d to 25d, 23%d. to 24 : \d. Medium crossbred super.—2sd to 2Sd, 25d to 27d. Average.—24d to 264 d. 2!3d to 2G4. Inferior. — to 22id, 17d to 22d. Coarse crossbred super.—24d to 2i>-<l, 22d to 25d. Average.—22d to 24.]d, 20<l to 23.11. Inferior.—l7ld to 21d, 19d to 20d. Low crossbred super.—2l id to 231(1, 21 to 23d. Average.—2o<l to 22’4d, 19d to 21 •’»). Hoggets (48-50 quality).—2Bd to 31.|J. 26’/ 2 d to 30d. Fine.—27d to 30d. 26d to 29%,d. Medium.-—2sd to 27(1, 23%d to 263 d. Coarse. —2.3 d to 24d, nil. Lambs. —Fine 26 y 2 d to 28}. nil. Medium. —22£d to 24Ad nil. Crutchings. —Medium to good, 15d to 17d, 15d to 163 d. Inferior and seedy.— 10d to 14d, lid to 14d. Locks.—Crossbred, 12d to 13U1, lljd to 131 d. Napier prices only are shown for bellies and pieces. Pieces (necks) were sold up to 26d; half bred (good to super) up to 25}d; low to medium up to 19.]d; crossbred (good to super) 19d to 24d: low to medium 15d to 18(1; bellies (halfbicd) up to 22d; crossbred (good to super) 173 d to 19}d; low to medium, I4d to 17id. WANGANUI SALE. FARMERS EAGER TO QUIT. CLIPS RUSHED TO TOWN. Since the Wellington wool sales wool has been pouring into Wanganui for the sale, which takes place there on Monday. From north, south, east and west lorries are coming in laden with the golden fleece, and the people are now getting some amusement out of assessing the value of the loads, each bale being computed as being worth about £4O. A number of farmers fully intended to hold back their offering until the next sales in anticipation of higher prices, but the results of the Wellington sale caused them to change their minds. Most of the wool is in splendid condition. Last year 13.060 bales were offered at the first sale, but the offering comprised a large quantity of carryover wool from the previous year. Last season.'s wool was practically all disposed of, so that the next sale will be all this season's growth. Shearing operations having been delayed considerably owing to the weather has also been a contributing factor in this year’s catalogue. being about 4000 bales short of the total last year.