DISAPPOINTING WOOL STOCKS

Horowhenua Chronicle, 6 December 1929, Page 5

DISAPPOINTING WOOL STOCKS

“THIN, OFF COLOUR AND BADLY

GROWN."

PRICES DOWN AT WELLINGTON SALE. ißy Telegraph—Press Association.; WELLINGTON, This Day. The December wool sale, which is limited to 27,000 bales, is proceeding. Prices are down on the November rates, these being a fall in most lines of a penny. Coarse wools are the least affected. Many lots failed to reach the reserve. Of buyers there was a representative bench. They appeared to want wool, but were not able to pay the- price. The wool was not so good as that at the December sale last season.

Mr Hoodie, chairman of the Wellington Woolbreakers’ Association, said that the tone of the market was anything but bright. The fall was heavier than had ben anticipated. He remarked that the offering was rather disappointing, the wool being thin, off colour, and badly grown. The quantity of super wools, which was generally a feature of the December sale, was very limited, but -when any good line came before the buyers sound prices were obtained, a number being secured for the United States trade. Tlu demand for coarser styles of crossbred was comparatively good. There was a very limited inquiry for merino at the low range prices offering as the sale proceeded. Bradford was in the market, taking fair quantities. German buyers were also operating fair-