ONE-DAY WOOL SALE
There will be a oneday wool sale in Christchurch this month instead of a two-dav one.
The sale, on January 18. has a scheduled offering of 30.000 bales. The chairman of the Christchurch Woolbrokers’ Association (Mr J, Devine) said it was predicted that the supply of wool coming forward from now on would be down considerably' and the one-day sale was aimed at spreading the offering of predicted production! more evenly over the next four months.
In fact, he said, quite a lot of wool offered this month would be wool traditionally sold in February.
Mr Devine said that from predictions over the last few months it was likely that this season’s
wool from the Amberley, Haw'arden and Cuiverden districts would be down, conservatively, by 20 per cent, and from Blenheim by about a third. The supply from Blenheim might even be finished now. On the other hand,. he said, w'ool from MidCanterbury had not been affected to the same extent and was surprisingly good. The drop-off in production, he said, was not only because of drought, but also a reduction in sheep numbers.
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Bibliographic details
Press, Volume CXIV, Issue 33424, 4 January 1974, Page 11
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187ONE-DAY WOOL SALE Press, Volume CXIV, Issue 33424, 4 January 1974, Page 11
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