KEEN COMPETITION.

Horowhenua Chronicle, 22 March 1938, Page 5

KEEN COMPETITION.

WELLINGTON WOOL SALE. FINEK WOOL UP Id PEE LB. (By Telegraph—Press Association. WELLINGTON, This Day.*

The fourth Wellington wool sale opened with an optimistic' note, which as the sale proceeded proved fully justified at any rate as to finer wools. At a conservative estimate there was a full one penny per pound increase in value over the sale of February 16th, for finer wools and a half-penny on lower qualities. The offering was 24,390 bales and the benches were fully occupied. Competition was exceedingly keen from the outset, especially by the Continent. The surprise was the active interest displayed by Japan, who was eager to satisfy her demand for super and fine crossbred wools in general and including some half-breds, thus giving valuable support to the market for wools of this character. America did

not occupy a conspicuous place and Germany appeared more interested in lower grades of crossbreds. France was a keen, buyer of skirting and also of fleece wools and was in the market for lambs as well.

The bulk of the offering, however, was taken by Bradford on limits that were a litle more liberal than those of the last Wellington sale. New Zealand manufacturers were well represented in the purchase of wools suitable for their business. Some growers •still appear to think their wool is worth more than market prices and a few lots were passed in.