THE WOOL MARKET.

Taranaki Daily News, 9 July 1921, Page 5

THE WOOL MARKET.

POLICY FOR FUTURE SALES. BROKERS SUPPORT COMMITTEE. Tslojnipli.—Press Association. Wellington, Last Night. At a meeting of the New Zealand Wool Brokers’ Association delegates were present from every selling centre in the Dominion. The question of wool control and the w r ool policy was fully discussed, and eventually full approval was given to the policy of the limitation of catalogues throughout New Zealand and the enforcing of minimum reserves. This, in effect, is in support of the policy of the Wool Committee in regard to following the B.A.W.R.A.’s ideas as to the marketing of wool, and the association is prepared to work cordially in co-operation with the efforts of the New Zealand Wool Committee

SALE AT NAPIER. EIGHTY PER CENT. SOLD. LITTLE CHANGE IN PRICES. Napier, Last Night. At the wool sale to-day 6629 bales were offered, and about 80 per cent, sold. Buyers were chiefly representative of Bradford and the Continent, and the absence of American competition resulted in good wools tailing in price half-penny to three farthings on the last sale. Prices generally were on a parity with the May sale, some classes declining slightly and others improving. The rates generally compared favorably with those realised at Wellington. Following is the range of prices:— Merino, none offering; Southdown, 12}d; 60S and SGS half-bred super HV-jd, medium none offering-, inferior Gjd; 48S--508 super 5d to 6Ad; 465-48 S good 4*d to 6d; 445-46 S super ad to 5%d, medium 3|d to 43d; 408-448 good 4d to 4%d, medium 3d to 33d; good 3%d io 4£J, medium 2ftd to 3d, inferior (dingy seedy) 2d to 2Ad; hoggets, 465-48 S, good Cd. hoggets -<4S-46S good 5d to 5%d; lambs 4-68 good 7d to B|d. lambs 448-468 medium 5d to 6id. lambs inferior and seedy 2d to 4M; bellies e.nd pieces, good 3d. to 3 j Jd, medium 2d tb 2sd, inferior Id to 2d; erutchings, good 3d to 3£d, medium 2d to inferior Id to 2d; locks Id.