WOOL MARKET

Wairarapa Times-Age, 21 February 1939, Page 3

WOOL MARKET

SALE AT NAPIER I KEEN COMPETITION THROUGHOUT DEMAND FOR LAMBS’ WOOL (By Telegraph—Press Association.) NAPIER, February 20. “It now looks as if prices for ordinary crossbred wool are well stabilised and there is nothing to indicate that there will be any appreciable change one way or the other for the remainder of the season.” This comment was made by the head of one wool-broking firm at the conclusion of the third Napier wool sale today, when a total offering of 27,416 bales was practically all sold at prices generally firm to slightly better than at the previous Napier sale. For finer sorts and lambs' wool competition was particularly keen at prices definitely better than at the previous sale. Competition throughout the sale 1 was described as tremendously keen. The strongest support came from Bradford and the Continent, France showing particular interest in fine wools, lambs and best pieces. Japan and the United States took a good deal of better class wool. It may be said broadly that growers’ expectations were somewhat exceeded, and compared with the last Wellington sale prices were slightly in sellers' favour. The top price was 14Jd, paid for a BB line of the Glenelg clip. A CC line of the same dip made 14.jd. From the first lot the sale proceeded at a brisk pace, the first catalogue, that of the New Zealand Loan and Mercantile Agency Company, comprising 2798 bales, being disposed of in 25 minutes. Only eight bales of this company’s offering were unsold, and total passings were possibly less than 2 per cent. The offering was made up of Hawke’s Bay and Poverty Bay clips, including many from high country, and on the whole it opened up in good average condition, the bulk being well grown and of preparing length. A considerable portion of the offering was lambs’ wool, and for this competition was keen throughout, the top price being 12Jd for 23 bales from Omokau station, and 11 bales account E. C. Nation, Punawaitai. Binned wools were again keenly sought by buyers and generally made excellent prices. It was announced at today’s sale that arrangements had been completed for a fifth sale to be held in Napier on April 27, starting at 7.30 a.m. The catalogue for the first April sale is already filled. The range of prices for today’s sale, compared with prices at the previous Napier sale, is as follows:—

SALE AT SYDNEY. GOOD COMPETITION. By Telegraph—Press Association —Copyright. SYDNEY. February 20. At the wool sales today 10.026 bales were offered and 9103 sold at auction; also 723 disposed of privately. There was gcod competition from the Continent and Yorkshire, and moderate support from Japan. Prices were wel) up to last week for all descriptions. Greasy merino sold to 25 }d. The average price of wool sold last week was £l3 13s 5d a bale, or 11.3 d a lb.

That New Zealand is well advertised in New South Wales was an opinion expressed in a private letter received from Mrs R. E. Champtaloup. of Auckland, who spent a week touring by road in New South Wales before embarking at Sydney for England recently. Mr and Mrs Champtaloup travelled extensively in the Blue Mountains districts and in every hotel at which they stayed overnight they saw coloured illustrations of New Zealand tourist resorts. Mrs Champtaloup said that these pictures attracted attention and she frequently overheard guests at the hotels expressing the desire to visit the Dominion.

January. February. d d d - d Southdown A 10 to 101 9.3 to 10;! Southdown B 81 m 91 81 to 91 Halfbred, 56/58— Super 11 to 12 — — Average 9.3 to 103 10.3 to 11.1 Inferior — to 9.1 — to 9S Fine crossbred. Super 50/56— — to 12> — to 12| Average 9.3 to 103 10 to 11 Inferior 9 to 91 5 to 93 Medium crossbreds, 48/50— Super 11 to 14] 11 to 113 Average 10 to 11 9.3 to 101 Inferior 81 to 91 9 to 91 Medium crossbreds, 46/48— Super 11 to 131 103 to 111 Average 91 to 10J 91 to 101 Inferior 81 to 91 81 to 91 Low crossbreds, Super 44/46— — 11 to 12 Average — — 9.1 to 10 Inferior —■ — 8.1 to 9 Low crossbreds, Super , 44/40— — to 15.3 — to 141 Average 11 to 12 93 to 101 Inferior — — — to 91 Hoggets— 56/58 91 to nt 9.3 to 11 52/54 9.', to 121 91 to 111 48/50 91 to 11 91 to 111 46/48 93 to 101 93 to 10.1 Lambs— Super 10.3 to US 11 to 12.1 Average 9‘ to 10.1 91 to 10! Inferior 61 to 8 7 to 8 Very seedy .... 5.’, to 61 51 to 61 Necks — Super 10 to 103 — to ioj Average 9.1 to 9.3 91 to 93 Inferior 71 to 8 6.3 to 81 Pieces — Super . 81 to 9.1 81 to 9 Average 7.3 to 81 7.3 to 8.1 Inferior 61 to 7.1 61 to 7k Bellies — Super 71 to o 71 Io 73 Average 63 to 7.1 6.3 to 71 Inferior 6 . to 61 6 to 61 Crutchings— Super 9 to 93 83 to io; Average 71 to 81 7.3 to 81 Inferior 5.1 to 61 5.1 to 61 Very seedy — — — to 31 Locks — Good . — to 4.1 — to 5! Ordinary . — to 3.3 — to 4.3