NAPIER WOOL SALES

Evening Star, Issue 19802, 28 February 1928, Page 4

NAPIER WOOL SALES

STEADY COMPETITION AT HIGH RATES [Pek United Press Association.] NAPIER, February 28. The fourth wool sale pf the season opened at Napier last night, when about 10,700 bales out of a total catalogue of 22,654 bales were sold. A bench of 60 odd buyers sat, and competition was steady all through. Germany and France wore well in the market, taking large quantities of better-class wools. The competition from Bradford was also keen, and wool suitable for America sold at high prices. Continental purchasers took the majority of pieces and bellies. There was very good competition from Franco and New Zealand for lambs’ wool.

Prices on the whole were well up to the level of previous sales, especially for bolter quality wools, of which large quantities were offered. Some fleeces showed seed, and some of the lambs’ wool was infected with smut. There was an absence of the usual generous quota of Povery Bay and East Coast wools, only 2,588 bales of this being catalogued. Tbe deficit is bold to be duo to the policy of Northern growers this year shipping their fleece direct to the Old Country. Demand throughout was consistent, the passings being estimated at not more than 5 per cent. The sale will be continued to-day.

The official figures give the movement of tbe sale as compared with the Napier January sale as follows;—Merinos, par; Southdown, Id advance; half-brcds, par, occasionally id advance; cross-breds, fine, medium, and coarse, id to Id advance; lambs’ wool, bellies, and pieces. Id advance, sometimes’lid; crutchings, par.