Fast Bidding at Woo! Sales

Horowhenua Chronicle, 12 July 1933, Page 8

Fast Bidding at Woo! Sales

RUSH METHODS CEITICISED MSB DEFENDED

WELLINGTON, Last Night

At the Dominion Farmers' Union executive meeting to-night ZMr L. Bryant moved that the union should protest against the rush methods by v.-hich wool is sold in the Dominion. He said as much as 30.000 bales were sold in a dav.

Mr W. J. Poison said that the buyers' answer to this was that too many wool sales were held in New Zealand, and they had to work fast in order to get through. The brokers also favoured fast bidding, as this often brought' higher prices than if there were time for deliberation. The remit was withdrawn.

Messrs Levin and Co., Ltd., have received the following cable from their London agents, dated July 10, 1933: — "The auctions are proceeding with great spirit, especially for merinos,, fine erossbreds and slipe wools generally. Catalogues are being well cleared. As at present arranged, the sales will close on July 21. The following prices are current:— Merino — «,

cL d. .. 14 to 15} ■ .. 12* to 13$. Fine Halfbred, — Super, 56/58's .. .. 13* to 14}'; .. 12 to 13 Medium — Super, 50/56 's .. .. 11 to 11$ ..' 9 to 10& Coarse — Super, 48/50's .. 71 to 8 6 to 61 Fine Crossbred — Super, 46/48's .. .. ' 6| to 7f G to 11 Medium— Super, 44/46's .. 6} to 6f 5J to 6 Coarse — Super, 44/4G's . . 6 to Of " 5ft to 61, Low — Super, 36/40 's .. 5| to 6J' 5i to 51 5 to 5f 4$ to 5 2* to 31.