THE OUTLOOK FOR GROWERS.

King Country Chronicle, Volume XIX, Issue 2050, 2 December 1924, Page 5

THE OUTLOOK FOR GROWERS.

GOOD PRICES PROMISED. The prospects for the wool sales at Auckland are distinctly promising for wool growers, and as a large amount will be offered from the King Country, a great deal of interest is attached to the event. There will be a record offering as there are 18,000 bales to be catalogued, with the possibility of more before the closing date, this being--6000 more bales than was offered at the opening sale last years at Auckland. Speaking lo the local manager of one of the mercantile firms, we were informed that the local growers were taking advantage of the weather to get their clips away with as little delay as possible. Do you think that the prices of the previous sales . this season will be maintained P “Taking the statistical position, it is good,” was the reply. “There is a world demand fpr wool, but it is nob certain that the prices will be maintained. All wool-absorbing countries m,.ist have their demands satisfied, and the buyers have wide limits. However, there may be a slackening of the demand, but it is not known when this will take place. For this reason it would be well it* sellers would not hamper brokers by placing reserves on their clips which might not be realised. The evil of this was emphasised at the Napier' sales, when growers with high reserves on their offerings had them passed in. The buyers retaliated by refusing to bid for any other lots ctf the saline brand: offered. The action of the buyers had its effect. The reserves were withdrawn and 'the wool was sold, ait the price offered.” “Is the quality of the wool going from This district good?” we asked. “The olip from this district for Friday’s sale is better than that which is usually catalogued in Auckland. Crossbred, as usual, predominates, and the quality of Ibis class is excellent in every way. There wiil he the largest number of buyers ever soon in Auckland. and competition should he keen. The Christchurch sales show an upward tendency in prices, and altogether those selling their clips on Friday should have every cause for optimism. Messrs Dalgety and Company s local branch received a wire from their Auckland office this morning advising that owing to the quantity of wool offering, the Auckland sale will commence on Thursday night and will be held in the Drill Hall.