QUALITY OF WOOL.

New Zealand Herald, Volume LXIX, Issue 21099, 5 February 1932, Page 11

QUALITY OF WOOL.

ALLEGED DETERIORATION.

COMBATING PROPAGANDA. BUYERS AND FRESH CLIPS. [ex TELEGRAPH. —FRESS ASSOCIATION.] WELLINGTON, Thursday. Tho Dominion executive of the New Zealand Farmers' Union was directed today to use, every means to combat propaganda regarding the deterioration of stored wool. A remit from the Pelorous branch stated that the evidence showed that no deterioration took place. The secretary said at his request Mr. A. E. Mabin, president of the New Zealand Woolbrokers' Association, had forwarded his opinion on tho subject of deterioration. Mr. Mabin stated that wool shorn dry and in good condition did not deteriorate. Healthy wool containing excessive yolk was apt to look yellow and' discoloured, but tho yolk was a natural preservative and tho fibre was not injured by age. On the other hand, wool showing any sign of dampness when shorn became discoloured, moro particularly if there was any seed, and it was questionable if it would scour white. As to the alleged discrimination of buyers, that was largely a question of supply and demand. Demand was running now on fine wools of over 48's counts. Those wools throughout tho current season'had sold well and freely, and without discrimination, whether old or new. Medium and coarse crossbreds were in another category. They were affected by the largo South American clip which had an advantage of 25 per cent, over the Dominion in the exchange rate. Naturally at the opening of tho season buyers looked for fresh wools for their principals. Unfortunately at the first sale in Auckland, and to a smaller extent in Wellington, catalogues contained a large proportion of old inferior crossbreds. No buyer here or in London wished to load his stock with inferior wools at present, but with the improvement in world conditions and in demand, nothing moro would be heard of deterioration, and inferior crossbreds would sell freely. SYDNEY MARKET FIRM. JAPANESE BUYERS ACTIYE. (Received February 4, 10.55 p.m.) SYDNEY, Feb. 4. At tho Sydney wool sales to-day the market was animated and prices wero very firm. Yorkshire and Japanese buyers were particularly active. Greasy Merino sold to The offerings totalled 10,103 bales, of which 9319 were sold. Also 1628 bales were sold privately. NEW ZEALAND CLIPS. SALES IN LONDON. LONDON, Feb. 3. The clips sold at tho closing wool sale in London yesterday included the following New Zealand lines: Greasy crossbred, " Owetea" 9£d top price; 9d average. Scoured, 41 Oxford," 15jd and 15d, anci " Sherwood" 16d and 13id.