A BETTER YIELD

Poverty Bay Herald, Volume LIII, Issue 16375, 24 June 1927, Page 9

A BETTER YIELD

HI WOOL PROMISES WELL VIEWS OF ME. SAM. WOOD That the coming wool season promises well for Uawke's Bay, js suggested by Mr. Sam Wood, the wellknown Napier wool expert, who,, m reporting on the position to a large Bradford firm, says: V "jNow that the winter season is with us we have an opportunity of estimating, with some degree of eertaiuty, wnat the condition of ihc coming New Zealand clip will be. •'Tho clip at. present growing is experiencing extremely favorable weather conuitions and promises to bo much better than last season's and it. is estimated that the clip will be 10 per cent, to 15 per cent, larger. "Growers here arc beginning to realise that prices suffer iu cousetjuence of the presence of coarse, kciupy and wiry fibre, which has been apparent in recent years, and there is a genuine forward movement amongst them m the direction of better breeding. "It is admitted that lust season's wool was bought on a. conservative basis and there is confidence in all consuming centres that prices will remain steady. However, the hand to mouth policy has come to stay, and with it; there is less opportunity for recovering part of the heavy losses incurred iu the 1025 season. | AN UPWARD TENDENCY. "According to late statistics tho [world's production of wool is showing i an upward tendency but, in our cou- . sideration of this fact, we must bear | in mind that the world's markets are 'expanding, ami I consider that the continued good demand for wool is likely to hold. "At the moment it is difficult to forecast what, the coming season's values are likely to be. Various conditions arc in process of re-adjust-ment, and until more settled conditions prevail one is at a loss to form definite ideas. "I feel,, however, that iu spite of various disturbing elements throughout the world, last seasou's values are likely to be upheld. Tho continued good demand for wool is a, healthy sign and lends support to the theory that, prices -will remain firm throughout the coming season. "Practically all the wool grown in New Zealand, with tho exception of slipes, is now sold at our sales here, and merchants requiring New Zealand erossbreds would be. well advised to buy direct where the best wools are offered rather than buy inferior wools on other markets.'' —Napier Telegraph.