WOOL INDUSTRY

Greymouth Evening Star, 20 January 1938, Page 5

WOOL INDUSTRY

WANGANUI SALE.

[per press association.]

WANGANUI, January 20

At the Wanganai wool sale, to-day, ordinary crossbred was a halfpenny down on the Wellington and a farthing down on the Napier sale. Lambs’ wool good was Id down on Wellington. There is not. much change on good wools. France and Germany are competing, and mostly within decided limits.

CH.CH. WOOL CHEQUE

CHRIST CHUR CH. Jan nary 19

A substantial decrease in the return from the first. Christchurch woo! sale of this season, when compared with the first sale in the previous season is shown in the official figures of the Christchurch Woolbrokers' Association. The returns and averages were, however, larger than those in the 1935-3 B season, though the offerings were fairly closely comparable. The total realisation was £372.827 from 22,Sfit; bales sold, compared with •C <521.1149 from 28.0(10 bales in 1930-37 season and £321.280 from 21,6-10 bales in the previous season. The average prices per ||> were 12.502 rt this season, 11.27R1 in 193(1-1937 season, and 10.pt>:’,rl in the previous season. LONDON RATES FIRM i Rm-. January 20, 1.20 ji.m.i LONDON. January 19. At the wool sales. 7629 hales were ofi'r-red. imdmling 1220 Now Zealand. (If'.ifi wore sold. There was a good soh.'clioi! and active com pel i lion front Hie lionie irado ami ilic Continent, with Russia also im\inc, Ratos wr-r<? full>' nriiin ainc-d. FAVOURABLE 01-TLOUK. <I b i d .1 annary 20. p.im ) LONDON, .lurmary 111. Com pet it ion al i lit- wool sales somev. mil slackened, tlio sellers’ limits cam iiig rallmr more withd ra wa Is. Tim actual inriiover. however, is : ithsrantial. with lirtn prices. J .'a w son’s, comment ing on ihe oul!m<k, consider tile fiiiiii'e depends k: ri-.-’ly iijoti miisido doxelopmen is. The .m-m-ral nature of tim ompul of iron ami s'.eol trades is ilio l;a romet er io wateb. during the next few months. A reasonable price i'e.r wool should u■ i imai; iy bring a i rosli demand, and c: iatm.-d iiuth-is. "W-- ; ; ro rapidly approaching tin- liim- win n wool will again prove a sound iiivosi nwnt