WOOL SALES.

Star (Christchurch), Volume LXVI, Issue 20543, 19 February 1935, Page 9

WOOL SALES.

Napier Prices Generally Firm. GERMAN PURCHASES Per Press Association. HASTINGS, February 18. Prices at the third Napier wool sale, as compared with the January sale, were very firm, but any choice lots were in sellers’ favour. In all 24,264 bales were offered and passings did not appear to be frequent. 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 industry in different parts of the world. Bidding at times was very spirited. Generally speaking, the wool was disappointing, from the buyers’ viewpoint, probably accounted for by some choice coast wools being held for disposal in March. In spite of this there was a keen demand for the wool at defined limits. Bidding was well spread, 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 at prices 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 the first and second lambs of some clips. Rang-* of Prio«>. The following Is the range of prices and that of the previous sale; Feb. 18. Jan. 12.

MELBOURNE AND PERTH. United Press Assn.—By Electric Telegraph—Copyright. (Received February 19, noon.) MELBOURNE. This Day. At the wool sales the market was irregular but without quotable change on recent rates. Prices were:—Comeback, 17d; merino, 16|d. A message from Perth states that 30,000 bales were offered at the Perth wool sales. Good clearances were effected, but compared with January sales, values if anything changed in buyers’ favour. BRADFORD BUSINESS. United Press Assn.—By Electric Tele~raph—Copyright. (Received February 19, 12.30 p.m.) LONDON, February 18. Bradford trade is firm and quiet. SYDNEY MARKETS. United Press Assn.—By Electrfs Telegraph—Copyright. SYDNEY, February 18. At the wool sales to-day 11,617 bales were offered and 10,727 sold, while 577 were sold privately. The average price last week was £l2 3s 6d per bale, or 9.7 d per lb. To-day’s auctions found strong competition from Yorkshire, Japan and the Continent. The full limit of last week’s closing rates for best descriptions was barely maintained, and prices for these were in buyers’ favour. With this exception values remained about par. Greasy merino brought to I6sd for seven bales. DOMINION FIGURES. Sales of wool in New Zealand in January and for the seven months JulvJanuary are shown in the following table compiled by Messrs Dalgety and Co., Ltd., Christchurch:— Jan., 1935. July-Jan. Oft'd. Sold. Off’d. Sold. Bales. Bales. Bales. Bales. Dunedin Tima ,u 18 18 8,975 8,619 ph:>-'h. 25,751 -*4.408 45,147 42.532 tßlenheim 10 - 10 54 54 W'fcton 26,534 23,316 43,314 37 007 Wanganui 25,807 21,694 26,209 22 096 Nnpier 26,196 23.920 43,741 38!<)09 tGisborne Auckland 25,064 21,142 44,788 34,223 129,380 114,508 230,818 2 00,207 tOddments In the corresponding seven months of ,Jls J «A ei i son 320,374 bales were offered and 315,003 sold. Shipments of WoOl. Exports of wool from New Zealand during January and for the seven months ended January 31 this and last season were.—

Southdown— d. d. d. d. Average .... 94 to 10| »4 108 Inferior .... Medium half-bi-ed Super Average .... 78 50 9 to -56 9 10 10 8 to 11 94 Inferior .... 74 Extra fine cross-bred. Super S to 48 to n -50— n to 10 Average .... 64 84 to 84 Inferior .... bi 64 54 64 Fine cross-bred, 46-4$ Super 7 — to 8 7 8 Average .... 54 to «* 54 to 6* Inferior .... 44 54 Medium cross-bred Super , 44-46 55 to 6* 5 J to «2 Average .... 5 to 58 5 Inferior .... Coarse cross-bred, Super 40 54 44to 64 54 to 64 Average .... 44 M Inferior .... 3 4 Low cross-bred, 36-40— Average .... 4i to 6 inferior .... Hoggets— 34 to 44 34 to 44 50-56 84 to 94 50-54 7 1 to 9 4 64 to 94 Pieces— - 54 to 74 54 to 84 Good to super 54 to I'Ow to med. . 4 Seedy and inf. Xecks— 34 to 32 34 to 4 Super ...... 7 8 Average .... 54 44 to Seedy and inf. Bellies— to 64 44 to Si Good to super 44 to of 44 Low to med. . Seedy and inf. 21 Crutchings— Good to super 5 to 6 42 Low to med 3 4 to 34 4| Seedy and inf. 24 34 Locks— Cross-bred 24 to 34 34 Lambs, 4 8-50— Good to super 84 to 10 84 114 Average .... 6 4 8 Seedy and inf. 5 4 5 Short. seedy and inf. 2 to 32 24 to 3«

July- JulyInvercargill Dunedin .... 3 Hi rjf Timaru Christchurch is;:,/: x a w^r^ou tll -i 2 E;lig 131 ii m Napier .... Gisborne .... Auckland .. m 73,631 186,459 347,763 1