WOOL VALUES RISE AT NAPIER MARKET

Wanganui Chronicle, Volume 71, Issue 276, 21 November 1928, Page 7

WOOL VALUES RISE AT NAPIER MARKET

KEEN BIDDING PRICES ADVANCE BY FULLY ONE PENNY »r Press Association.) NAPIER, Nov. 20. The cpcxnng wool sale of the season in Napier was held this afternoon when under 12,000 bales were catalogued as against 16,000 last November, the interruption of shearing by wet weather being responsible tor the smallness of tue ottering. The condition of the wool was exceptionally good, being equal to the 1924-25 Hawke’s Bay best season, and this contributed lu some measure to satisfactory prices being obtained. Generally prices were- improved on th‘e opening sale o£ last season, and showed au all-round advance on the Wellington sale last week, the average improvement being at least one penny. Pieces and necKS were one halfpenny better than Wellington, hoggets quite a penny, and fieece wool was generally one half penny to threefarthing. better. Super crossbreds, 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 thetrade. The smallness of the catalogue for the opening sales in the various centres is considered to be responsible for the keenness of the demand, and the men in the trade express the opinion that prices will fall as the season progresses. The top price for hoggets was 22d, while a line of halfbreds brought 22 Id. The official range of prices is not available to-night.