WOOL PRICES

Hawera Star, Volume XLVIII, 22 November 1924, Page 5

WOOL PRICES

RISING AGAIN,

ADVANCE OF A PENNY. (by TELEGRAPH —PRESS ASSOCIATION. NAPIER, Nov. 21. Iqe second wool sale of the 1924-25 season in New Zealand took nlaee in Napier to-day. The catalogue comprised 11,747 bales, representative of the whole district. The condition was the best that Hawke’s Bay has produced. In fact, one broker stated that in twenty-two years’ experience he had never seen better. Buvers were present in record numbers for. Napier. • J^?: P eta ,* : ’ ons of a substantial advance in the prices ruling last March followed the reports of the high prices ruling at the Wellington sale a few days ago, but an even better standard was reached, it being thought that there was- an averageadvaiice of a peunv per pound on the 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 agents of almost every make of motor car on the New Zealand market hovered in the vicinity of the theatre with cars for which they hold the agency, in an endeavour to catch the vendors of wool in a happy mood 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 these 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 the reserves. Practically no fleece wool was sold under 20d. and prices were often as high as 28d and -Sod. Medium and coarse crossbred showed a greater advance than finer wools. Compared with the March sale in Napier, the increases were about as follow: 48-50 quality, 4d to 6d; 46-48, 5d to 6d; 44-45, 5d to 7d; 40-44, scl to 7d; 36-40, 6d to 7d. Following is the official range of prices compared with those ruling at Wellington, Napier prices being quoted first in each ease: — Corriedale—32l dto 35fd, 28d to 30d. Southdown—29d to, 35$d, nil. . Medium half bred super—Up to 33 Jd 30d to 32d. Coarser halfbred super—3od to 32id 29d to 30d. , ' ' Average—2sd to 29-}d, 25d to 284 d. Fine crossbred super—2Bd to 291 d, 274 d to 29d. Average—2nd to 281 d, 24d to 28d. Inferior—23,|d to 25d, 23 : R1 to, 241 d. Medium crossbred super —25d to 28d, 25d to 27d. Average—24d to 26M, 23d to 26d. Inferior—l7ld to 221 d, 17d to 22d. Coarse crossbred super —24d to 261 d, 22d to 25d. Average—22d to 24L1, 20d to 23M. Inferior—l7l(l to 2ld, 19d to 20d. Low crossbred super—2lld to 23!d, 21d to 23d. Average—2od to 22:jd, 19d to 21 Id. Hoggets (48-50 quality)—2Bd to 31-Jd, 2G4fl to 30d. ■ Fine—27d to 30d, 26d to 29:jd. Medium—2sd to 27d, 231 d to 26RL Coarse—23d to 24d, nil. Crutchings—Medium to go,od, 15d to 17d, 15d to 16-Jd. ■

Inferior and seedy—lOd to lid, lid to 14d.

Locks —Crossbred, 12d to 131 d, llld to 131 d. Napier prices only are shown for bellies and pieces. Pieces (ueeks) were sold up to 26d; halfbred (good to super) up to 25]d; low to medium up to 19]d; crossbred (good to super) 19d to 24d; low to medium 15d to 18d; bellies (halfbred) up to 22d; crossbred (good to super) 17fd to low to medium 14d to 171 d.