The Best Month?

Manawatu Times, Volume 61, Issue 6, 8 January 1936, Page 3

The Best Month?

Commenting on the second Wellington wool sale, Murray, Roberts and Co., state:—

In view of the unsettled world conditions, including currency disturbances, restrictive tariffs and credit disabilities, growers must be considered fortunate in receiving what is after all a substantial advance on last year’s figures, and if this progress can be maintained for a year or two, their lot will soon he a much happier one. Once again there has been a rush for this particular fixture, sheepfarmors not having forgotten the exceptionally high prices paid in January, 1934. As a result brokers were quite unable to offer anything like tho quantity available, the allotment being fixed at 30,000 bales when fully double that quantity was in store. On this account a certain amount of disappointment was caused to those who have had their clips shut out. Whether the sales just closed will give any better result than those to follow remains to De seen, but it is of interest to note that over the last eight years only once (in 1934) has the January sale proved the best. To show the difficulty in fixing on any particular sale for the highest realisation, we quote the best sales of the past eight years:—l927-28, February; 1928-29, December; 1929-30, November; 1930-31, March; 1931-32, December; 1932-33, February; 1933-34, January; 1934-35, April.