EXTRA HALF-PENNY GIVEN

Taranaki Daily News, 16 April 1932, Page 7

EXTRA HALF-PENNY GIVEN

SMALL WOOL OFFERING AT NAPIER

QUALITY NOT OF THE BEST. jjy Telegraph.—Press Association. Wellington, Last Night. A disappointing offering as far as quantity was concerned and prices up to per lb. better than those _ ruling at the Wanganui sale earlier in the week were the outstanding features of the fifth and final wool sale of the season at Napier to-day. Only 3364 bales were actually submitted to buyers. The smallness of the quantity was, no doubt, due to the fact that sellers were not willing to meet the market at the prices ruling at the present time, while many of those who aave instructions for their wool to come before the buyers found that their reserve prices were too high, with the result that a considerable quantity was passed. The offering was of fair average wool, with a few lines of super wool included. Bidding was keen up to limits, and the prices obtained were Jd dearer than those at Wanganui and back to the level at. the time of the Wellington sale. There was a small entry of lambs’ wool, this being only medium in quality, with the bulk containing seed. Prices for this class were the same as at Wanganui and other late auctions. The entry as a whole, like most of the late shorn back country wool, was not of ’ a particularly high order and comprised mostly crossbred. There was a very large and representative bench of buyers. Bradford competed strongly for wools of all types and secured the bulk of the offering, Japan also comin<» in frequently for the better classes of°wool and France also str.ongly competing for pieces suitable for requirements.