ADVANCE ON MARCH PRICES AT FINAL NAPIER WOOL SALE

Wanganui Chronicle, 4 May 1948, Page 6

ADVANCE ON MARCH PRICES AT FINAL NAPIER WOOL SALE

(P.A.) • Napier- May 3. Prices comparing favourably with the January rates were obtained when the first portion of the last catalogue of the season was presented to a full bench of buyers at the final Napier wool sale of the season today. It was difficult to account for the sharp advance in certain classes —recognised to be several pence dearer than March quotations—and is largely explained by the domination of the market by Continental interests. One regular buyer gave the impression that price was no deterrent in acquiring his selections. French buyers were particularly active. The official report states: “There was keen competition for. all fleece wool, with the exception of woolly hoggets. Good to super lambs attracted much competition, but average types, contain:ng seed or burr, were somewhat erratic. Bellies sold at a premium. Compared with the Napier March sale fleece wool showed a distinct rise, ihis rise varying according to type. The report adds: “The offering consisted mainly of ewe wools with a fair portion of lambs. T’ ere was a full bench of buyers and all sections of the trade were represented. Bradford was operating, but the Continent dominated the market.” Official range of prices:— Ex Fine Xbred. 50/56’s

d. d. Good to super ... Average 30 to 35 28 to 30 Inferior - ..... 22 to 27 Fine Xbred, 50’s— Good to super ...... 28 to 33 Average 25 to 28 Inferior ... .' 22 to 25 Med. Xbred, 48’s— Good to super 27 to 32 Average 231 to 26 Inferior 10 to 22 Strong Xbred, 40/46’s— Good to super 25 to 28 Average — 23 to 241 Inferior 28 to 22£ Lincoln— Average 28 to 31 HOGGETS Fine Xbred, 50/54’s— Good to super 27 to 29 Average 25 to 261 Inferior ■ 21 to 24 Fine Xbred, 50/54’s (shorn)— Good to super 30 to 35 Average 28 to 30 Inferior 22 to 27 LAMBS Fine Xbred, 50’s— Good to super 29 to 33 Average 23 to 28 Inferior and seedy ... 14 to 20 Med. Xbred, 47/50’s— Good to super 281 to 321 Average 221 to 271 Inferior and seedy 12 to 18 PIECES Xbred 46/50’s— Good to super 18 to 20 Average _ 16 to 18 Inferior and seedy 11 to 15 BELLIES Xbred, 46/50’s - Good to super 17 to 19 Average 15 to 16s Inferior and seedy 14 to 15