WOOL MARKET

Wairarapa Age, 21 November 1928, Page 5

WOOL MARKET

GOOD PRICES AT NAPIER SALE. ALL-ROUND ADVANCE ON WELLINGTON. COMPETITION SPIRITED. NAPIER, November 29. The opening wool sale of the season in Napier was held this afternoon, when under 12,000 bales were catalogued against 16,000 last November. An interruption of the shearing by wet weather was responsible for the smallness of the offering. The condition of the wool was exceptionally good, being equal to 1924-25 (Hawke’s Bay’s best season) and this contributed in some measure to the satisfactory prices obtained. Generally, prices were an improvement on the opening sale of last season and showed an all-round advance on the Wellington sale last week, the average improvement being at least a penny. Pieces and necks were threepence better than Wellington, hoggets quite a penny and fleece wool generally a halfpenny to three farthings. Super crossbred suitable for America, also pieces and necks, were keenly sought after right through the sale. Competition was exceptionally spirited and well distributed among a full bench of buyers, representing all sections of the trade. The smallness of the catalogues for the opening sales in the various centres is considered to be responsible for the keenness of the demand and men in the trade express an opinion that prices will fall as the season progresses. The top price for hoggets was 22d., while a line of halfbred brought 22$d. The official range of prices was not available to-night.—(P.A. ) EXCITED MARKET. HIGH RATES AT SYDNEY SALE. (Received Tuesday, 11.8 p.m.) SYDNEY, November 20. At the wool sales the market was excited and prices very firm at the highest rates of the season. For wool showing superfine quality, competition was well sustained. The top price for greasy merino fleece was 36id, constituting a fresh record. The bales sold totalled 12,169. — (Australian Press Association.)