WOOL SALES.

Grey River Argus, 18 January 1922, Page 2

WOOL SALES.

BUSINESS IMPROVED. WELLINGTON, January 17. A feature of the Wellington wool sales to-day was the revival of the oldtime briskness of competition, which gladdened many farmers who were watching the trend of events. The reserves were passed quite frequently, and the proportion of passed-in lots was small. There was really lively bidding for medium quality wools, English buyers being prominent, and it was noticeable that those who had classified their clip with care got the benefit of the excellent competition and the advantage in price. Representatives of New Zealand mills on the look-out for finer qualities found that American buyers were also bidding. It is considered that the Fordney tariff of 16 cents per lb is only temporary, and that in due course the former duty of 11 cents will be reinstated. There was hardly any other explanation of the activity of American buyers who will put their purchases into bond until their anticipations are realised. The poorer lots, while not reaching good prices, received fair attention from the scouring works buyers. What encouraged all onlookers was the general improvement in tone of business.