ANIMATED MARKET AT NAPIER WOOL SALE; VALUES TEND TO FIRM

Wanganui Chronicle, 30 November 1948, Page 6

ANIMATED MARKET AT NAPIER WOOL SALE; VALUES TEND TO FIRM

NAPIER, Last Night (PA).—The market at the second day of the Napier wool sale showed a firming tendency on the first day. The demand from a full bench of buyers was very keen, resulting in an almost total clearance at 6d or 7d above floor prices. The Joint Organisation buyer was not heard throughout the day.

The Continent continued to dominate the market, particularly for fine wools, but Bradford buyers helped to keep the pace “hot.” New Zealand mills paid high prices for superfine lines and the best sale of the day was a lot of halfbred hogget wool from Otane which made 552 d. This was only lid below the Hawke’s record price ol 57d paid for a line of Corriedale hogget wool from Wanstead at the March sale last season.

However, the payout for the sale is expected to be an easy record for Napier. Fine necks and pieces sold particularly well.

The official report stated: “The sec- j ond.day of the first Napier wool sale of the season was held today. There was a full bench of buyers. Competition was keen and continued animated. Values were firm on the basis established on Friday The Continent still dominated the market, particularly for fine wools. Strong crossbreds were still keenly sought after by American and Canadian interests. New Zealand mills were again active and paid high prices for fine wools. Fine necks and pieces sold particularly well. There was practically a total clearance of wool, Joint Organisation not being heard throughout the day.”

London Sales

ThV Bank of New Zealand has received cable advice from London on the wool-sale market, dated last Friday. The cable states that at the close of the second week the following range of sale room prices for New Zealand greasy wool was quoted. (Prices are given in sterling without deduction of any sort for freight, expenses, etc.): —

The following is the official range of prices:— Southdown— Good 40 to 441 Average 30 to 38 Fine Down Crossbred— Good 42 to 44.,' Average ... ...... ...... 36 to 425 Extra Fine Corrkdale and Halfbred — Extra super _ 54 to 55'i Fine Corrieda’e— to 50'2 Coot! to super 38 Medium Corriedale— to 43 i Good to super 37 Extra Fine Crossbred — Good to super •36 ' to 393 Good 32 to 35 Average — 30 to 311 Fine Crossbred— Good to super - 31 to 322 Good 27 to 30 Average 26 to 26* Medium Crossbred— Extra super 30 to 34 Good to super 28 to 29! Good 25 to 28 Average 23 to 24* Strong Crossbred— Extra super 33 to 35 Good to super 31 to 33 Good - 27 to 31 Average 25 to 27 Lincolns— Good 281 to 31 Fine Crossbred Hogget (unshorn) — Extra super 31 to 32i Good to super 27 to 31 Good 26 to 27 Fine Crossbred Hogget (shorn) — Good 32 to 35 Average 30 to 31* Medium Crossbred Hogget (shorn)— Good to super 30 to 33 Good 27 to 30 Average 25 to 27 PIECES Ha’fbred— Good 29 to 31 Average 27 to 281 Fine Crossbrexl to 1-bred— to 281 Good to super 25 Average 23 to 241 Inferior and seedy 20 to 22 Crossbred— to 24 Good to super 22 Average 20 to 21* Inferior and seedy 15 to 19 Crossbrexl Bellies— Good to super 20 to 231 Average 17 to 19 Inferior and seedy 13 to 16 Crossbred Crutchings— Good to super 24 to 26 Average - 18 to 22* Locks— Crossbred 11 to 132 Crossbred Necks— to 34 Good to super 28 Average - ..... 24 to 27

d. d. Fine J-bred, 58’s—56-58’s — Super 55 to 5b Good 52 to 54 Average 46 to 51 Halfbred, 50/56/5«’s— Super 45 to 48 Good 42 to 44 Average 38* to 41 Fine X-bred, 50-48’s/50’s— Good 291 to 31! Average* 27 to 29 Medium X-bred, 46-46/48-48’s-Super 28* to 29: Good . 284 to 28', Average 264 to 27! Fine X-bred Hoggets, 5O’s/54’sSuper 44 to 48 Good 41 to 43 Average 36 to 1st X-bred Pieces— Average 20 to 23 X-bred Bellies— Average 20 to 22