DEMAND EVENLY SPREAD

Chronicle (Levin), 26 September 1946, Page 5

DEMAND EVENLY SPREAD

Opening Napier W ool Sale BUYERS OPERATE FREELY BiJ Telegraph— Press AsdJclation . NAPIER/ Sept. 26. Lacking the animamon of prewar selling, but recapturing the appeal of the open mai'ket condiaons, the openirig sale of the 1946±7 season at Napier last night drew an attendance of 52 buyers, who jperated freely for the cr-utchmg jiierings to record a sale that wa's -ully firm on the Auckland rates. rhroughout the evening Bradford and Continental interests set the pace, but Australian and American iirms were not outdone and took a xarge slice of the oflering, with New Zealand mills sharing m the jurchase. The results were considered high^ly satisfactory, and some signifi,ance attached to the discountiiig >f the past season's fleece wool, which was slow to trade. The nreerence snown for freshly clipped vnols is cohsidered a good augury or the fate of the new season's heece wool. The stock pile offering was . considered to have a :ramping effect on buyei'T limits, ,->oth Hawke's Bay and Foverty Bay 4'reasy wools being extensively oassed in. The abahdoning of the commandeer procedure saw buyers oen out in some competitive bouts vhen the more attractive parcels weue put up, the first crutchma^ iringing from 18|d to 19d. Stock ffle wools made from 161d to 20id. The official report of the Hawke s 3ay Wool Brokers' Association tates: "A full bench of buyers was n attendance and 5840 bales of irutchings and oddments were ffered on account of growers, and 3,0.20 bales of Hawke's Bay greasy tock wools, 9000 bales of Poverty ?ay stock wool, 1427 bales of stock coured lambs' wool and 424 bales if this season's slipe wool were ffered on behalf of the Wool Dis^osal Commission. "The offering on account ot rowers consisted pininly of crutchRigs, but included a few lots of ->arly shorn fleece, for which com- ' petition was animated. Crutchinas were in keen demand and prices were well above the wartime appraisal levels. "The demand for all wools _was fairly evenly spread, United Kingdom, Continental,' American and Australian houses operating. Local mills were in the market for any 'ines suitable to their requirements. There was practically a total clearance of new season's wool." The official range of nrices for crutchings was: Good to suner, 16d to 20^; average to good, 12id to 15ijd; inferior and seedy. 7-jd to 12d.