THE WOOL SALE.

Press, Volume LXIV, Issue 13008, 9 January 1908, Page 6

THE WOOL SALE.

Th© wool sale yesterday was much more satisfactory to growers than the two previous sales. The easing of the money market at Home, which has followed the relaxation of the financial tension in the United States, had its anticipated effect, and though' th© range of prices yesterday did not show any marked improvement over, that ol the December sale, the prices actually received by growers were distinctly better, because th© buyers bid up to their margins, and were not at all anxious to let the wool go. Tho importance of the local woollen mills to producers was one© moro shown by the manner in which thoir representatives outbid the outside buyers for merino and fino halfbred wool, paying considerably moro for it than it would fetch at Home. * Tho outside demand for crossbred wool was healthily active, and all round a better tone was manifest throughout the sale. The bidding was at times Tory vigorous, and probably more than three-quarters of th© wool offered found purchasers at higher prices than some growers had hoped for. Th© season, so far as tho big sales are concerned, has thus closed much better than appearances indicated, and though a return to the high prices given for crossbred wools last year cannot probably be looked for in tho Immediate future, the prospects of the maintenance of a good level of payable prices are decidedly brighter than they wore some months ago.