WOOL SOARING.

Timaru Herald, Volume XCVIII, Issue 18084, 22 November 1924, Page 9

WOOL SOARING.

HIGHER PRICES AT NAPIER.

By Telegraph— Association,

NAPIER, Nov. 21. The second wool sale of the 192.4 — 25 New Zealand season took place In Napier. The catalogues comprised 11,747 bales. The condition was the best that Hawke's Bay has produced, in fact, one broker stated that’ in 22 years he had never seen better. Buyers were present in record numbers for Napier. It is thought that there was an average advance of a penny per lb on the Wellington prices. Agents of almost every make of motor car on the New Zealand market -covered the vicinity of the ther atre with cars for which they held the agency, in an endeavour to catch vendors of wool in the happy mood created by high prices. . Fully, 80 per cent of the Wool'. offered was suitable'for the requirements of America and Bradford, and in most cases these buyers outbid 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 reserves. Practically no fleece wool was sold under 20d per lb, and the prices were often as high as 28d and 30d. Medium and coarse crossbred showed a greater advance than finer wools. Colnpared with the March sale in Napier, the increases were about as under: — 48 to 5 0 quality, 4d to 6d. 46 to 4 8 quality, 5d to 6d. 44 to 46 quality, scl to 7d. 40 to 44 quality, 5d to 7d. 3 6 to 4 0 quality, 6d to 7d. Following is the official range of prices compared with those ruling at Wellington:

Napier, Corriqdale 32£d to 353 d; Wellington 28d to 30d. Napier, Southdown 29d to 353 d; Wellington . Napier, medium halfbred super up to 333 d; Wellington 30d to 32d. Napier, coarser halfbred super 30d to 323 d; Wellington 29d to 30d. Napier, average 25d to 2 9 id; Wellington 25d to 2§id. Napier, Fine crossbred super 2Sd to 29id; Wellington 27Ad to 29d. Napier, average 25d to 28Jd; Wellington 24d to 28d. Napier, inferior 233 d to 25d; Wellington 233 d to 24$d. Napier, medium crossbred super 25d to 28d; Wellington 25d to 27d. Napier, average 24d to 26Ad; Wellington 23d to 26d. Napier, inferior 17Jd to 22Jd; Wellington 17d to 22d. Napier, coarser crossbred super 24d to 26Ad; Wellington 22d to 25d. Napier, average 22d to 241 d; Wellington 20d to 23Jd. Napier, inferior 17Jd to 21d; Wellington 19d to 20d. Napier, low crossbred super 21 id to 23Jd; Wellington 21d to 23d. Napier, average 20d to 22}d; Wellington 19d to 21Ad. Napier, hoggets 4S-50’s 28d to • 313 cl; Wellington 2GJd to 30d. Napier, fine 27d to 30d; Wellington 2Gd to 29Ad. Napier, medium 25d to 2 7d; Wellington 33id to 26id. Napier, coarse 23d to 24d; Wellington . Napier, lambs fine 2G£d to 2S4CI; Wellington . Napier, medium 22|d to 24icl; Wellington . Napier, crutchings medium to good 15d to 17d; Wellington 15d to 163 d. Napier, inferior and seedy lOd to lid; 'Wellington lid to 14d. Napier, locks, crossbred 12d to 13 Ad ; Wellington Hid to 1344. Napier prices only are shown for belli os and pieces:—Pieces and necks up to 2Gd; halfbred good to sup., up to 25id; low to medium up to IJ-D ; crossbred, good to sup. 19d to -4d, low to medium 15d to 18d. Bellies, halfbred sup. to 22d, crossbred good to sup. 17i, ! d to 19id, low to medium 14d to 17id.