BRISK SALE IN NAPIER

Hawke's Bay Herald-Tribune, Issue 1, 16 January 1937, Page 5

BRISK SALE IN NAPIER

Bidding Animated; Competition More Widespread BRADFORD IN THE MARKET A rise of one penny to one penny halfpenny on the December sale and, on the basis of quality, of one halfpenny and better on the last Wellington sale were the features of to-day'a wool sale in Napier, when a catalogue of over 30,000 bales was submitted to a full bench of buyers, repreaentative of all consuming countries. Brokers expressed themselves as being very satisfied with the selling, which was carried on very brightly from the opening. All sections from the outset showed that they were in the market, with the result that competition was very much more widespread than at the December offering, Bidding was mpch more animated, with ptirchasing shared ot A much greater extent thnn at the first sale in Napier. The sale, as anticipated, was decidedly in favour of the vendors, who readily met the market at the'advanced levels, with the result that the whole of the first two catalogues totalling 9400 bales, was sold under the hammer, >a purchasings shared to a much greater extent than at the first the selling was the entry into the market of Bradford, whose representatives operated freely for many sorts to outbid the opposition for lots meeting their requirements.

With over half ihe catalogue disposed Of, the advanced prices ruling for the opening lot wero fully inaintained as the sale progressed. A feature of the Selling was the little aetivity by Japan, which was practically out of the market. The ahsence of Japanese competition, was compensated for by the active bidding on the part of Bradford* America and Canada. A review of the selling showed that low quality lines were in keen demand to meet with most animated competition. In numerous clips the B-grade sold better than the A's, by a margin op to ljd, while the C's were often better than the A's by |d to 3d. Lamhs' wool showing quality was leagerly sought after to range from lS$d to 21d, the top priee heing seeured for fem attractive line of 15 bales under the feiand BVT, from Herbertville, offered by Murray, Boberts and Co,, Ltd, In the same catalogue an excellent line of A hoggets under the tftand of Tahora from the East Cape realised 21d. All jclasses- of hogget wool were soiight After, with the long-grown sorts making the cheapes't buying. As was expected, crutehings sold especially well to make up to 1733., with fcverage quality making up to 16d. The few lines of Lincoln wool suitable for Jcarpet making brought several of the bnyers to theii feet and a binned line Of 10 bales realised l8|d. Cotted wool, Which usaaliy meets witjj only a quiet Inquiry, was in the hoom to make 18d. For Southdown wool, for which bidding has been erratic in the Dominion's Saies to date, brought 2o3d. for the best pffedng, tjie qualities not being ofitstanding. Locks coinmanded partieularly keen attention to rea.1i«o high level of lOd. In the bidding of these lines the Napier Woollen Mills was an active eompetitor. The bidding for numerons lines, more partieularly the specialty lines, showed that the buyers operated on most elastie llmits, in which bids frequently rose a penny at a time. "He will be pleased," a bnyer was heard to TemaTk when a lot of medium halfbred was knocked down at 183d. Chotuses of whistles were often fortheeming from the benchmen when the bidding exceeded their ideas of the Values. An offering in the first catalogue of 900 bales of binned wool met with lively bidding. This offering was representative of all qualities of Hawke's Bay Wool from Southdown to Lincoln, infcluding halfbred, which brought to 203d. Scoured pieces and bellies made Interlcts in the seeond catalogue were A feature of this offering to make excellent selling, the buyers showing a markAd readlness to compete for these reicognised standard quality lines. During the first two catalogues rarely did the price for any of the lots, no toatter hoW inferior, fall below 9d. In the first catalogue the lowest priced line Was Sjd. for inferior seCond crutchingB.