Markets and Money

Sun (Auckland), Volume I, Issue 290, 28 February 1928, Page 13

Markets and Money

(Continued.) NAPIER WOOL SALE VALUES MAINTAINED KEEN COMPETITION Press Association. NAPIER, To-day. The fourth wool sale for the 1927-2 S opened last night, when about hales out of a total catalogue of M bales were sold. There was a <*nch of 60 odd buyers and competition steady all through. Germany and Prance were well in the et> tft king large quantities of the Setter class wools. Competition from Bradford was also keen. Wool suitable *in Ameri ca sold at high prices. Con“‘•ental purchasers took the majority of e‘L pleces and bellies. There was veiy com Petition from France and New ® a ~'nd mills for lambs’ wool. Prices of lie . w hole were well up to the level 'ioF. ev *° us sales, especially for better wanty wools, of which large quantities offered. i a ”P\ e fleeces showed seed, and some ambs wool was infected with smut. Was an absence of the usual genQuota of Poverty Bay and East rzZ?, Wo °ls, only 2.55 S bales of this being dialogued. The deficit was held to be rhil t 0 the Policy of Northern growers hi ß^ ar shipping fleece wools direct to i°4 Country. oat. 6 demar »d throughout was consistent, - ga being estimated at not more * P e .r cent. The sale will be conmorning. «oi cial harures give the movements 7*v o le , COm Pared with the Napier Janue, aa f °llow:—Merino, par; Soutli\t, n » 1(3 in advance; halfbreds, par »red« OC fl a3 * onall -’ 1,1 advance; cross;tdvn««ne; me dium and coarse. Id to 2d VJ n a !} c ' e: lambs, bellies, pieces. Id adWr 6 and sometimes lid; crutchings, SOUTHERN EXCHANGES TO DAY'S SALES !j J>unedin._ Reporte( i; Bank of Aiißtraill 19 S .