WOOL SALES

Hokitika Guardian, 7 December 1929, Page 3

WOOL SALES

PENNY DROP IN WELLINGTON. jJIy Telegraph—Per Press Association.) WELLINGTON, Dec. 6. The Wellington December wool sale limited to 27,000 bales is proceeding. Prices are down on the November rates, the fall in most lines being a penny. Coarse wools are leftst affected. Many lots failed to reach the reserve. There was a representative oencn of buyers who appeared to want wool but were not able to pay the price. The wool was not so good as that of December of last season. Mr Moodie (Chairman of the Wellington Woolbrokers) said the tone of the market was anything but bright. Tlje fall is heavier than anticipated. He remarked that the offering was rather disappointing the wool being thin of 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 lines came before buyers sound prices were obtained, a number being se.cpred for tbe States. The trade demand for coarser styles ol cross-bred was comparatively good

There was a very limited inquiry for merino, a low range of prices offering. As the sale proceeded Bradford was in the market taking fair quantities. German buyers were also operating fairly freely.