PRICES IMPROVE.

Star (Christchurch), Volume XLIV, Issue 375, 17 March 1932, Page 18

PRICES IMPROVE.

Fourth Wool Sale at Napier. COMPETITION ANIMATED. Per Press Association. NAPIER, March 16. The fourth wool sale of the season was held at Napier to-day when prices were better than was anticipated, an advance being shown on the rates secured at the recent Wellington sale. There was a full bench of operators and competition was most animated within restricted limits. The selection, generally, was of poor quality. A few well-grown and stylish clips elicited strong competition, being quoted in growers’ favour. Many clips were seedy and unskirted and these were not wanted except at very low prices. The bulk of the offerings was lifted by Bradford, the next largest oyerator being Japan, who secured large parcels of suitable types. France was not as active as usual, and except for good lambs, necks and pieces, French operators were seldom heard. New Zealand mills remained fairly quiet but local scourers secured several inferior lots at prices lacking competition. Good pieces, lambs and bellies met with ready demand, but lots poorly got up were neglected. The highest price secured at the sale was Bid, for a fine line of AA hoggets under the brand of “Paututu,” Gisborne. For a scimilar grade of hoggets Sd was secured. First lambs made up to 71d and necks and pieces to 7id, while a line of scoured pieces realised Sd. The sale throughout was spirited, seven catalogues being disposed of by noon. Passings were frequent, indicating that growers entertained confidence in the future. Compared with Wellington, fleece wools were better by one halfpenny, pieces were a shade dearer and others were unchanged.