RATES STILL VERY FIRM

Taranaki Daily News, 19 February 1935, Page 9

RATES STILL VERY FIRM

NAPIER WOOL OFFERING CHOICEST IN SELLERS’ FAVOUR. HIGH PROPORTION OF LOTS SOLD. GERMAN BUYERS’ KEEN ACTIVITY. By Telegraph—Press Association. Napier, Last Night. Prices at the third Napier wool sale of the season, compared with the January sale, were very firm, but any choice lots were in sellers’ favour. A total of 24,264 bales was offered. Passings. did not appear to be frequent and the total purchases probably reached 80 per cent. Satisfaction was expressed that a certain German buyer, who had previously not operated largely, made a number of purchases. The average price was about 30 to 35 per cent, lower than that realised at the February sale last year. There was a full attendance of buyers, representing practically all sections of the indus J try in different parts < the world. Bidding at times was very spirited. Generally speaking, the wool was disappointing from the buyers’ viewpoint, which was probably accounted for by some choice coast wools being held for disposal in March. In spite of this there was a keen demand for wool at defined limits.

Bidding was well spread over all sections of the benches, all buyers participating. Bradford lifted the bulk of the wool, with strong competition from the Continent, Japan and Canada. Low quality and seedy wools were a trifle easier. Necks and pieces and bellies were in strong demand, as prices were about on a par with the previous sale. Lambs’ wool, of which there was a large quantity offered at times, was' erratic, since there was a marked difference in the prices realised for the wool from first and second lambs of some clips. The official range of prices is:—Merino: Nil. Corriedale: Super, not quottable; average, not quotable; inferior, not quotable. Southdown: Super, nil, average, 93d to 103 d; inferior, 7|d to 9d. Halfbred 56: Nil. Halfbred 50/56: Super, nil; average, 9d to lOd; inferior, 7|d to Sid. Extra fine crossbred, 48/59: . Super, B|d to 9M; average,' to 83d; inferior, 5Jd to 63d. Fine crossbred, 46/48: Super, 7d to 8d; average, ,s}d to 6?d; inferior, '4id to 5Jd. Medium crossbred, 44/46: Super, 5Jd to 63d; average, 5d to s’d; inferior, 4d to' 'sd. Crossbred, 40/44: Super, 53d to' 63d; average, 4|d to 53d; inferior, 33d to 43d. Crossbred, 36/40: Super, .nil; average, 4Jd to 6d; inferior, 3Jd to 44d. Hoggets: 50/56, 81d to 93d; 50/54, 73d to 93d; 48/50, 63d to' 93d; 46/48, 53d to 7id. Necks: Supfir, 7d to 8d; average, 54d to 6Jd; seedy and inferior, 43d to 6sd. Pieces: Super, 5Jd to 63d; average, 4d to sd; seedy and inferior, 23d to 3Jd. Bellies: Super,' 43d to 53d; average, 34d to 4d; seedy and inferior, 23d to 33d. Crutchings: Good to super, 5d to 6d; average, 31d to 41d; low, 2Jd to 33d. Crossbred: .Locks, 23d to 33d. Lambs, 48/50: Good to super, 81d to lOd; average, slight seed, 63d to 8d; seedy and inferior, 4d to sd. Lambs, 46/50: Short, seedy and inferior, 2d to 3!d.