NEW ZEALAND WOOL.
FUTURE SALE PROSPECTS. Per Press Association. DUNEDIN, Dec. 1. The general feeling here among wool men is that the absence of Japan from the Auckland sale was a serious matter for all New Zealand, and the hope is expressed here that Japan will be in the field before the season is far advanced. One leading man in the trade considered that the report of her boycott of Australia was but a mere rumour. Japan was competing strongly -in Australia for fine halfbred wool. Even if Japan were not competing in New Zealand early in this season, there should be a good demand for wool of this type.
An indication of what was in store for the South Island would be given at the Christchurch sale on December 11.
“As far as Otago and the South Island generally is concerned,” this authority said, “the prospects are considerably brighter than is indicated by prices ruling in Auckland. Auckland wools are notorious for being badly classed, and are usually inferior to Yvool grown in other parts of the Dominion. While we can only anticipate low prices for crossbred wool again this year, halfbred clips, which form the bulk of our offerings, should sell at the best rates obtained last year. There has been an exceptional demand in London for fine wools.”
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Manawatu Standard, Volume LII, Issue 2, 2 December 1931, Page 2
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221NEW ZEALAND WOOL. Manawatu Standard, Volume LII, Issue 2, 2 December 1931, Page 2
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