FINE WOOLS BY A PENNY

Evening Post, Volume CXIII, Issue 10, 13 January 1927, Page 11

FINE WOOLS BY A PENNY

CROSSBREDS: IN; DEMAND

kEEN^GQMPETITION; ALL /ROUND;

Results of the third series/ of Wellington wool sales, which began, at. the Town Hall last evening and were;con-' ) tinued to-day, were ge&eraljyi admitted to be highly satisfactoi^-/tb;;.grbwers.. , Bidding was exceedingly-keen.at- the start and remainod so '.'until' -thb^lastof the 27,000 bales was'knocked -down. Bradford and the Continents/were'"- de-; "termined to get the wool .thejr/required, ' and America was equally:,;anxious^ to take superfine qualities,/but "..not 'pre- , pared in every case to meet all growers' reserves. It was evident^iis/'the^sale/ proceeded that selling '.-brpkers '•were'; } hampered in sometcaaea':^by : high reserves, and had the mortification of seeing good prices offered; but the: wool held back, possibly toi .be Kept back iin-: til the niarket is- in a:, less xreceptivie frame of mind and not willing to" pay the good rates current It: is well to bear in mind£-that f within the next few weeks extremely f heavy •weights of wool will be jput-onVth'e market, and it remains to-be"seen.whether" the trade can absorb'";tl£e/:quantities: to be offered^in the-rtime at present yalues. * . .?.:C:A'-' " Buyers were present; in-full strength from all markets of the world 1, and were all keen to fill requirements. Fine wools^had been dragging"; at the November and December sales,' but interest in them was very strong to-day. Crossbreds were confidently expected before the sale to -make improved prices, and this turnedjout to be the 1 case to-day. From offibiklrand individual reports, from the/selling and buying points of view ttie/salb to-day was all in favour of the; grower. J • , The chairman of the .^Wellington Associated Woolbrokers^ Association (Mr. E. G. Anderson) in commenting on the sale to a representative of "The Post," said competition was well spread, every section:: of.the trade operating. As the sale progressed he noticed that values continued as firm as they were at the outset, and prices ' as compared with the-.sale held in Wellington in November .were emphatically in- favour of the i seller. In his opinion halfbreds were.^probably one penny per pound dearer/than at the December sale, and crbssbreds were up ' by a farthing to "It 'ifl most unfortunate," Mr. Anderson added, "that 7 a;report of the - last Christchureh sale/led growers to believe that a-sharp advance had taken place. The sales to^-day'Y proved how erroneous that report;'was. One thing, however, remained aiid. that was ' the extremely keen demand for wool, seen in the spirited and- animated bidding from all quarters. Prices all round are firmer, and that tact in itself must bo a source of satisfaction to growers and all concerned." j The condition of the wool, as compared with that offered last January was sounder, light mi grease, and, generally speaking, better grown. The condition, of course, naturally; affected prices realised.