NAPIER WOOL SALE

Press, Volume LXVI, Issue 20102, 4 December 1930, Page 12

NAPIER WOOL SALE

PRICES A LITTLE FIRMER. BRADFORD BUYS FREELY. (SPECIAL TO THE rnESS.) :NTAPIKR, December 3. Prices £ol' wool at the first sale of the season in Napier to-day wore rather better than was anticipated in view of the state of the market at Auckland and Wangauui. Super and average fleece wools were, if anything, a shade firmer, while the market for pieces and bellies showed a considerable advance on Auckland and Wanganui prices, this being due to some extent to the fact that the wool was better suited to buyers' requirements than that offered at the other two centres. The condition of the bulk of the offering was light and not so well grown as last season, while hogget wool especially was very tender, due to the severe winter. Xn asserting that prices had certainly hardened on Auckland values, one operator commented that the wool offered here was better than that at the northern centre. "Any advance 011 Auckland values is due to Hawke's Bay wool being better," he said. "It is got up better, and is more suitable to buyers. Hawke's Bay wool is a credit io the growers." Buyers present were representative of all the usual consuming interests, and they competed keenly for various lots within limits which were not verv elastic. A considerable proportion of the wool sold went to the Continent, pieces and bellies being in particularly strong demand from this quarter, while Bradford participated actively for the first time this season in competing for suitable wool.

Prom tho commencement buyers curried the sale through at great, speed, the auctioneers having difficulty iu keeping pace with them. For tho greater part of the time the calling of lots was quite out of the question. Super and first-grade wools 'vvero in demand, the best offer of_the day being for super comeback, which was passed at BJd. A line of first-grade comeback was passed at Bd. The best price realised for hogget was 7 id, while firstgrade pieces fetched up to 'id. Crossbred ranged generally from 4Jd to 6Jd. Pieces were in strong demand by the Continent, Germany outbuying all others up to 4Jd. First-grade ewe wool realised as much as 5Ad. Withdrawals were fairly lu-avy, and instead of 19,370 bales being offered, as was announced at the beginning oi the week, tho number submitted was about 15,500, just over half the allocation of 30,000 bales. Passings probably did not exceed 20 per cent., so that a fairly good clearance was effected. The official range of prices will not be available until to-morrow, the following being an unofficial range:(I. rl. Medium halfbred (5U 56; .. ;>1 to Coarse halfbred (48-50) . . o to 7 Fine crossbred (4(5-48) -. -'•} to Medium crossbred (44-4(5) .. 3} to •>! Coarße crossbred (40-44) . . 3} to 5} Low crossbred (3G-40) .. 3j to 44 Hogget • ■ 4 fo Bellies and pieces .. 2 to ~>b Crutchings ■ - - to 4 Locks • • 1 to x ' A METHOD OF DISPOSAL. (PRESS ASSOCIATION, TELEGRAM.) XAPIER, December 3. Mr Eustace Lane has suggested to the Acting-Prime Minister that the Government should exchange the wool clip for Japanese phosphate valued on the same basis. Both products should be duty free. The loading both ways would reduce the freights. Each country could arrange half tho finance internally, and no exchange would bo paid out. The Nauru and Ocean Island phosphates could be reserved till their accessibility had been improved.

THE SYDNEY AUCTIONS. COMPETITION CONTINUES FIRM. (.Received December 3rd, 9.45 p.m.)_ SYDNEY, December 3. At the wool sales, 10,359 bales were offered, of which 9421 were sold, also 720 which were disposed of by private sale. Competition continues to be firm for wools of fine spinning quality, also topmaking sorts are in good demand, but faulty types were disappointing. Greasy merino made up to 20$ d. REPORT FROM LONDON. (VKZTZD PRISBB ASSOCIATION —BY ELECTRIC TEI.EQRArU —COPYRIGHT.) LONDON, December 2. At the wool sales 10,834 bales were offered, including 2600 from New Zealand, approximately 9800 being sold. There was an' excellent eelection of greasy merinos, suitable for all sections, a large offering of scoureds, and a moderate supply of crossbreds. There was good general competition, and prices wore maintained. New Zealand greasy merino, Connemara, lid top price, lOd average. Crossbred, JLR, 7d and 6Jd. Pyne, Gould, Guinnoss, Ltd., have received the following cablegram from London dated December 2nd:— The following are ruling prices at the moment: d. d. Merino 9 j 1 •56-58 " ..Si 9i 50-56 - . 8 9 48-50 .. 05 7i 46-48 .. 6i 7 A 44-46 .. 6* 7 40-44 .. 5i 6JMerinos and 50-58's poor selection. First prize quoted in each case for average wools, the second for wools of super-style and condition. Dalgety and Co., Ltd., have received the following cablegram from their London office, dated, December 2nd: — London wool sales continue active with brisk competition but irregular. IMPORTANT PROPERTY SALE REPORT.

Jones. McCrostie Co., Ltd., report a decided movement in the property market, having sold during the pas' month: Residence ■with 12 acres of land, situate Kills road, Heathcote; residential property stiuate in Barrie street, Spreydon; bungalow situate coiner of Strickland street and Redruth avenue; fine building site in Matipo street, Riccarton; block of land containing over 8j acres, with 4-roonied cottage thereon, situate in Opawa; two-storey art bungalow situate in Prosser's road, St. Martins, together with 35 perches of land; A shop sites, situate North road, Papanui; bungalow with about 1-acre of land, situate No. 254 Barringtor. street, Spreydon; 4-roomed cottage and nico section situate in. Tweeds street, Ijinwood: property situate in Heathcote, containing over an acre of land, together with residence thereon: residence with half an acre of land, situate Mackwortb street, just off Ferry road. Having let several unfurnished and furnished residences, two shops in Cashel street, also two floors, being the balance of the Majestic Theatre building, corner of Manchester and Tjichficld streets, for a period of ten vears. Total realisation of tbe aboce: £11,600. —B.