WANGANUI WOOL SALE

New Zealand Times, Volume LII, Issue 12094, 23 March 1925, Page 12

WANGANUI WOOL SALE

DALGETY AND COMPANY’S REPORT. Messrs Dalgety and Co. report i-r-Tbe final main sale of the 1924-25 season concluded. when a' catalogue of 10,000 bales was submitted to a good bench of buyers. and considering the general easing in prices which has lately taken plae-. throughout the world selling centres, rates recorded, ’especially for low grade wools, were fairly satisfactory. Always at tho tail end of the season the quality and condition of the offering suffers in comparison with earlier sales, and this display was no exception, many of the clips catalogued! being heavy in condition, wasty, with seed much hi evidence. Very fow good lines were submitted. and certainly nothing to interest American buyers. On a comparative basis, low-grade wools sold, better than the more attractive parcels, Bradford, as usual, being the largest buyers, with good competition from Germany and Italv. I Lambs wool was in poor demand, and t passings of such wools were heavy. The ! lots offered were far from attractive, being dull, heavy and mostly carrying seed, i Bidding all through was dull, but it was evident that most of the Bradford buyers were prepared to purchase freely up to a hard and fast limit. It appears to us that the lowest point for the season has now been touched, and purchased made at. present day rates seem eound buying. There may not bo any sharp appreciation throughout the remainder of the season, but we see no reason why any further fall should bo re- ; corded. Wool is wanted, and so long as the staple can bo purchased at a price which allows tho topmakcr and spinner i a fair margin of profit on his outlay (and wo think present prices should now do so), sound and stable business should j result for many months to come. As wo * have stated previously, November and December opening rates did much to disorganise the world’s textile industry, and tho sooner it is put on a basis the better it will bo to growers and buyers, and tho violent fluctuations lately experienced will cease to worry interested parties. Even these last rates must give a fair return to the grower, but naturally those who misled catching tho early sales now feel diffident ns to accepting present prices. Passings were heavy, about 60