APPRAISEMENT OF WOOL

Press, Volume LXXV, Issue 22893, 14 December 1939, Page 11

APPRAISEMENT OF WOOL

FIRST OFFERING AT BLENHEIM MARKED INCREASES I£f MERINO AND FINE HALFBRED [THE PRESS Special Service.! BLENHEIM, December 13. The first appraisement of wool commenced in Blenheim to-day. Ten appraisers. representative of the woolbuying countries, were busily engaged throughout the day. It is expected that the 5200 bales comprising the offering will have been dealt with by tomorrow afternoon, when the party will return to Christchurch. The total amount of wool has been reduced by the recent wet weather, which delayed shearing operations, and most of it did not open up as attractively as last season. , The following report was presented by one of the firms whose wool was among the first handled: — “The majority of the wools from the district did not open up as attractively as last season, being lighter in condition and showing more tenderness, due no doubt to the dry autumn experienced. As anticipated, the finer wool showed a decided increase in price compared with the previous season, while the stronger grades have not shown the same proportionate increase, but it is hoped, generally speaking, that the realisations will prove to be satisfactory to the growers. Merino Reaches 20td “Marked increases in merino and fine halfbred were registered. _ the former reaching the high price of 20|d. whilst the latter realised up to 17Jd. At a rough estimate, the amount which will be paid out to Marlborough growers in a fortnight will be £75,000. Five appraisements are to be conducted, and the next one. which will probablv be the largest, with something like 7000 bales to be handled will take place on Janauary 16.