WOOL MARKET

Wairarapa Daily Times, 12 January 1932, Page 5

WOOL MARKET

NAPIER SALE. LOW WOOL NEGLECTED. NAPIER, Monday. At the sale to-day the wool generally was below the usual Hawke’s Bay stan-' dard, and much of it was in a dusty state. Some wool was distinctly hairy, and whether this is due to climatic conditions or breeding it is hard to say. It certainly made a great difference as far as the buyers were concerned, and their values in this class of wool were lower in consequence. Carry-over wool, which had opened up remarkably well, and mostly without stain, appeared to be selling quite well on ruling rates. There did not appear to be any desire for lower qualities such as 44’s, 40’s, 36’s, ami seeded wool. In normal times there would probably not be the same disregard for slightly inferior wool, but in times such as these buyers are getting the cream of the wool for the price of medium wool. There is therefore not the same competition for low wools. ■ There was a full bench of buyers, and competition was very keen and more general than at the Wellington sale. The continental section of the trade, particularly France and Germany, made the running hard on most fleece wool lines, and on the relative scale of values it appeared, on,, the first two catalogues at least, as if bellies and pieces were selling better on the day than medium class wools. • In these days, with one buyer sometimes operating for three or four widely diversified interests, it is a difficult matter to pin bidding down to # any one particular section of the trade, but on to-day’s market the voice of Continentaal buyers was undoubtedly heard more often than that of the Bradford operator. Yorkshire operators in the main appeared to -be buying within very strict limits, but it was usually Bradford that opened the bidding on fleece lots. ■ •

Japan was represented on the benches, but its operatives did not appear to be-buying to .any largo extent. On some super "wools, particularly the pick of the coastal clips, America came into the running, and a fair proportion of this class of wool was purchased for Canada.

Necks, pieces and bellies sold extremely well and in many cases realised a higher figure than fleece wools. Top price of the sale was for super fleece A.A.E., .under , the brand “Glenaray,” the bidding going to 91d for this line. Other fine fleece wools brought from 8d to 9d. On the whole prices may be said to be a little firmer on the last sale.

A total of 24,367- bales, including 2929 from the Gisborne district, were offered. Of this number about 10 to 15 per cent, were passed in. In the opinion of one of the operating auctioneers who has attended every sale in the Ddininion this season, the Napier sale was one of the best and keenest so far.

RANGE OF PRICES. This Day. Following is the official range of wool prices at the Napier sale: — Southdown super up to lljd; average 8d to lOd; inferior 6d to 7|d..

Medium Halfbred, 50/56, super 8d to 94d; average 6d to 7fd; inferior nil. Coarse Halfbred, 48/50, super 7d to BJd; average, 6d to 7dj inferior 4d to sfd.

Fine Crossbred, 4:6/48, super 6d to 7d; average 44 d to sfd; inferior 3d to 44d.

Medium Crossbred, 44/46, super 5d to 64d; average 4d to od; inferior 24d to 3 |d.

Coarse Crossbred, 40/44, super 34d to 54d; average 3d to 4d; inferior 2d to 3d.

Low Crossbred, 36/40, super nil; average 3d to 4d; inferior nil. Hoggets, 50/56’s, nil; 48/50’s 6d to S4d; 46/48’s 4d to 74d; 44/46’s up to sd; 40/44’s nil. Lambs, 46/50’s 6d to 84d; 40/46’s up to s|d; seedy and inferior Id to 4d. Necks 5d to Sid. s

Pieces, good to super od to 64d: low to medium 3d to 4-Ad; seedy and inferior Id to 2|d.

Bellies, good to super 3d to 4 : jd; low to medium 2d to 3d; seedy and inferior Id to lfd.

Crutckings. good to super 4d to od; low to medium 24d to 34d; seedy and inferior 4d to 2d.

Locks, crossbred 4d to 24d. LONDON SALES. FAIR DEMAND LIKELY. The W.F.C.A. Ltd., Masterton, has received the following cable from London, regarding the London wool sales which open to-day:—“Anticipate fair demand; but fine 5 per cent, lower; medium and coarse 74 per cent. lower.