NAPIER WOOL SALE.

Waipawa Mail, Volume LXII, Issue 32, 20 February 1935, Page 3

NAPIER WOOL SALE.

A FIRM TONE PREVAILS GOOD CLEARANCE EFFECTED. JANUARY PRICES MAINTAINED. There was a full bench of buyers at the third wool sale of the season at Napier on Monday, and fully 80 per cent, of the offering of 24,264 bales was sold under the hammer. Bidding was spirited throughout, and there was a keen Continental demand, German buyer's operating freely. In their report of the sale De Pelichet, McLeod and Co. state:—“Our highest price was for PUNAWAITAI over ECN. a pure Romney clip. This clip sold on a par to probably better prices than ruling at the last sale. The get-up of this clip is so excellent, as well as the quality of the wool, that it always commands extreme figures. The actual prices for the whole clip were as follows:—Three bales super AAE 9ld, 16 AE 9d, 17 BE 7|d, 13 CE 6Jd, 9 DE 6Jd, 4 T 6fd, 9 Ist lambs 91d, 4 2nd lambs Bd, 6 3rd lambs 6Jd, 5 necks 7id, 8 Ist pieces 7|d, 4 2nd pieces sid,, 9 bels 5d.” WILLIAMS AND KETTLE, LTD. Williams and Kettle, Ltd., report: We held our third sale of the wool season on Monday, when we placed before the buyers a catalogue comprising 4801 bales. Our offerings would have been considerably bigger had not the owners of several big clips withdrawn their wool prior to the sale.

The catalogue comprised a mixture of early and late shorn wools, the former having been held back in the hope of an improved market, which did not materialise.

The condition of the wool was in keeping with what might be expected at this time of the year, though there was a little more than usual of the hairy type which is so detrimental to prices. Lambs’ wool was on the whole more superior to the offerings in January, and we were rather disappointed in the results, the market being distinctly erratic. Corriedale wool, of which we had a few lots, lacked competition and appeared to be little sought after by the buyers. Bidding was extremely spirited and well spread, there being more Continental buyers operating. Bradford, as usual, lifted the biggest weight of the wool, and was the mainstay of the market. France operated freely in skirtings and bellies, whilst Germany bought a few lots. Lots suitable for Japan were well competed for. Unfortunately, the Dominion mills were not operating, and this had a marked effect, especially on lambs’ wool, the market for which was extremely erratic.

Our opinion of the market is as follows: —Average to good and super crossbred firm on January rates; fine wools barely par to a halfpenny down; inferior fleece of all qualities erratic, lambs’ wool very erratic, id to id down; pieces and bellies were firm on January when their condition was taken into consideration; crutchings were very firm and were from par to a halfpenny dearer.

Following were some of the lots offered by this firm: —T. G. Price, AE

7Jd, BE 7Jd, CEH 6id, AL 9id, nks. 7id, Ist pieces sfd; J. B. Hamilton, BE 6d, pieces 5Jd; estate L. H. McHardy, AAE and W Bid, AE 7d, BE 7d. ADE (it'd. BDE 6Jd, Ist lambs Did, 2nd lambs 6id, nks. 7d, Ist pieces 6d; F. J. Witherow, AH 8d; G. C. Williams, Ist lambs Old, 2nd lambs 6d; estate W. Maulder, A 6d; H. W. Sebley, AE 61d; Mrs J. Logan, Southdown 9d.