NAPIER WOOL SALE.

Press, Volume LX, Issue 18237, 22 November 1924, Page 10

NAPIER WOOL SALE.

AMERICA AND BRADFORD KEEN BUYERS. PRICES UP ID ON WELLINGTON VALUES. - (?H153 ASSOCIATION, TELEGBAM.) NAPIEE, Zvovember 21. The second wool sale of the 1924-25 season in New Zealand took place in

Napier to-day. The catalogue comprised 11,747 bales, representative of tho whole district. The condition of the clip was the best that Hawke'a Bay has produced. In fact, one broker stated that in his L'2 years' experience he never had ceen better. Buyers were present, in record numbers for Napier. The expectations of a substantial advances on prices ruling last March were followed by reports of tho high rates ruling at the "Wellington sale a few days ago, but even o better standard was reached, it being thought there was an average advance of Id per lb on Wellington prices. Farmers and others interested flocked into the sale, the Municipal Theatre being packed all day. An interesting outside feature was to be found in the fact that the agent of almost every make of motor-car on the New Zealand market • gathered in the vicinity of the Theatre with cars for ■which they hold the agency, in an endeavour to catch vendors of wool in a happy niood created by the high prices obtained,

Fully 80 per cent, of the wool offered was suitable for the requirements of America and Bradford, and in most cases 'those buyers outbid the Continental representatives. As several buyers appeared to have no limits, the sale went with a swing,, and practically the whole catalogue was sold under the hammer at prices much in excess of reserves. Practically no fleece wool was sold under 20d, and prices often were as high as 28d and 30d. Medium and coarse crossbred Bhowed a greater advance than the finer wools. • Compared with the March sale in Napier, the increases were about as under:— 48-50 quality,. 4d •to 6d; 46-48, 5d to 6'd-j 44-46, 5d to 7d; 4044, 5d to 7d; 36-40, 6d to 7d. Following' is the official range of prices compared with those ruling at

FIFTY-ONE PENCE. AUSTRALIAN RECORD PRICE (BY CABLE—PBEBB A3BOCIATIOK—COPTBIGHT) (ATraTBAIiIAH AJTD Jt.S. CASUS ASaOCIATIOH.) MELBOURNE, November 21. At the Ballarat wool sales two separate: lots of merino comebacks brought 51d a pound, which is claimed -to be an • Australian, record. . . VALUES AT SYDNEY. (AtrSTEALIAU AND h.b. cable association.) / SYDNEY, November 21. Two new records' for Sydney wooi sales were established when broken

wool - waa sold at 3sd a pound, and necks at 40d, an increase of a halfpenny and threepence a pound respectively. . . ' PREFERENCE. NEW ZEALAND TO CANADA. PROPOSED ALTERATION IN SCHEDULE OPPOSED. (bi cable— pbess association —coptkight) (AtfBTaALIAS AJfD r.Z. CABLE ASSOCIATION.; (Recoive3 November 21st, 11 p.m.) OTTAWA, November 21. .The New Zealand and Canadian Governments ore now exchanging messages regarding a proposed change in the New Zealand,tariff,, which hitherto has allowed preferential treatment on' Canadian manufactures if' cue-quarter of their, total value were created by Canadian labour. . New Zealand now is seeking to increase the proportion to threequarters, which automobile manufacturers here assert would adversely affect the Canadian preferential trade. They declare that the majority of Canadian aiitomobilo factories are merely assembling plants, which import .much fabricated .steel from, the United States. A similar protest is made by other j manufacturers of "steel products, not- | ably agricultural machinery. i

MELBOURNE MARKETS. ' Potfttoes-HEI to £2 a, ton." .| Onions—£l4 a ton. j

Wellington:— Wgtn. Napier. d. " d. d. a. Cojriedale ,, 32$ to 35} 28 to 30 Southdowii ,. . 29 to 35£ . — Medium halfbred— Super ,.. Up to 33£ SO to 32 Coarse' halfbred—Super ,. 30 to 32J 29 to 30 Average .. 25 to 29J 25 to 28$ Fine Crossbred — Super . 28 to29$ 27$ to 29 j Average . .< 25 to 28$ 24 to 28 ' Inferior .23J to 25 23$ to 24$ Medium Crossbred— Super .. 2o to 28 25 to 27 'Average ( ,,i 24 to20$ 23 to 26 Inferior .. 17$ to 22$ 17 to 22 Coarse Crossbred — ■Super: . ,, 24 to 26$ 22 to 25 Average .. 22 to 24$ 20 to 23$ Inferior ■ ., 17$ to 21 19 .to20 Low'Crossbred— Super i, .i 21$ to 23$ 21 to 23 Average ».« 20 to 22j 19 to 21$ HoggetsSuper >f 28 ■ to 31J 26$.to 30 Fine >y r 27 to30 26 to 29$ ■ Medium.' ,» 25 to 27 23$ to'26J Coarse. 23 to2*4 _ ■ Lambs'— ■Fine- m ' 26$ to 28$ •— 1 «' Medium, 22$ to 24$ : -A . Crntehings—• • Medium to good. .. . 15 to 17 . 15. to l6i inferior and seedy « 10 to 14 11 to 14 Locks— Crossbred' 12 to 13$ ll$ : to 13$ Pieces —• 'Necks Up to 28 — Halfbred —• Good to super Up to 25$ Low to med. Up to 19$ —' Crossbred — Good to super 19 to 24 Low to medium 15 to 18 — Bellies— Halfbred' .»« Up to 22. —• " Crossbred — . Good to super 17J to 19£ — ; Low to med. 14 to 17$ — ,