WOOL SALES

Gisborne Times, Volume LXXII, Issue 11495, 24 November 1931, Page 2

WOOL SALES

REGULATION- OF OFFERINGS

(Special to the Times). WEIEINGTQN, Nov. 23. Tiie New Zealand AVool Committee, comprising' representatives of tho producers, woolbrokbrs and woolbuyers, ;hold a meeting to;day lor tho' purpose of exercising its • functions in regulating tile offerings of wool at the various sale s to be held throughout the Dominion during the coming season; The maximum . aggregate quantities of wool which may be offered at tho sales wore fixed - as : follows ' ■ ■ v :• 28th No\ ,( cmbcr,' 1931, Auckland, 20JEK> bales; 3rd December, Napier, 30 000 bales; Bth December, Welhpgfcon, 30,000 bales; Uth December, Christchurch, .25,000 halos; 14th Decomber, Timaru, 10,000 halos; 18th December, Dunedin, 15,000 bales. A 6th January, 1.932, Wellington, OOjOOO Hales,; 11th January,' Napier; 30 000 bales'; 15th January,'-Wan-ganui, 30,000 halos; 19th January, Auckland, 25,000 bales; 25th January, Christchurch, 25,000 hales; 29th January, Invercargill, 30,000 hales; 2nd February, Dunedin, 30,00 bates; sth February, Timaru, 20-' ■OOO bales; 11th February', Wellington, 30,000 bales,; 16th February, Nan’icr, 25,000 bales; U9th Febniary. Wanganui, 30,000 bales; 25th February, Christchurch, .'25,000■ bales; Ist AI arch, Dtmedin, 30,000 bales; 4th March, Invercargill (no limit); 11th March. Wellington, 30,000 bales; 10th March, Napier, 25,000 bales; 21st Mbrcii, - Auckland, (no limit); 31st. March, Christchurch (no limit); 4th April, Dunedin, (no limit); 7th April, Timaru, (no limit); llt’h April,, Wellington, (no limit); 14th April, Napier (no limit); 10th April, Wanganui (no limit).

SYDNEY SALES. GREASY AIERINO AIAKES 224/1. CTT.KA. by Elec. Te!, Copyright. \ (Received Nov. 23, 9.50 p.m.) SYDNEY, Nov. 23. At the w’ool sales 11,745 bales were offered and 10,516 sold, and in addition 1.123 were disposed of ..privately. There was strong .competition from all sections of thq trade. The market was practically on a par with last week’s, closing rates. Greasy merino made tho record price of 22(d. QUTLTER TONE AWAITING LONDON SALES. SUBSTANTIAL RISE IN PRICES EXPECTED. (U.P.A. by Elec. TM- Copyright) LONDON,. Nov. 22. Mr. W. P. Dovereux, tho Australian Wool Council’s representative, reports a rather quieter Tone in the wool market, due to a tendency to await. London sales opening, when ri substantial rise in prices is expected. The British Government’s 50 ' per gent, duty on woollen goods .will have an important bearing in stimulating British competition, hut will curtail the Continental demand.