WELLINGTON SALE

Evening Post, Volume CXI, Issue 66, 19 March 1931, Page 16

WELLINGTON SALE

All eyes will be on to-morrow's Wellington sale, when an aggregate catalogue of 20,166 bales will be offered. The sale will begin at 9 a.m. prompt, at the Town Hall as usual, and the catalogue to be offered in order of sale will be as under:

' ' ■ Bales. Murray, Roberts, and Johnston and Co • 2869 Levin y and Co 3130 Loan and Mercantile 4319 Farmers' , Distributing ' 129,j Wairarapa Farmers 1055 Abraham and Williams and Wright Stephonson 2684 Dalgety and Co 4814 .Total bales 20,166 The market is propitious for a practically total clearance—and then some more. The ready money to be received from this and other Dominion . sales is urgently neodod in the present economic circumstances of Jhc country. The value of wool has advanced fully ■2d to 2'Al per lb since the last Wellington sale held 13th February. To-morrow week, 27th March, Auckland sale will beheld with some 15,000 to 16,----000 bales to offer. With the experience of the latest sale,3,as -a,guide, there.is rea; son to suppose that prices will bo mucK better than ,they were "in January when the average returti was as low as 4d per lb. . r , The London sales continue with a brisk demand at advanced rates, and in Sydney competition during this week has been | exceptionally keen. But Wellington will to-morrow show the way the wind blows for subsequent sales in Now Zealand.