WOOL FOR NEXT SALE

Poverty Bay Herald, Volume LV, Issue 16874, 11 February 1929, Page 7

WOOL FOR NEXT SALE

NAPIER ALLOCATION DISAPPOINTMENT IN GISBORNE When the roster for the season was first arranged, only four wool sales were allotted to Napier, and it .was not till i recently that a fifth was scheduled. Ori■JjF ginally it was proposed to have no limit * at the fourth sale, which was fixed for March 4, but since it was found necessary to hold a fifth sale, tlie limit for ' the early March auction was fixed at 28,000 bales. Gisborne brokers concluded that of this total they would be able to secure an allocation of at least 3000 bales, and early advice on the subject indicated that this would be so, although the matter had not been finalFurther information revealed tnat Hawke's Bay authorities were unwilling ' to cede this total on account of the large amount of Hawke's Bay wool excluded from the January sale, and which haa been in the stores at Napier for several weeks. So great was the demand tor space in the January catalogue that a number of Coast wools, which are ottered as Hawke's Bay clips, and which were at Napier on December 20, were unable to be included, and are still unsold. Now comes the information that, tlm catalogue for the next sale on March 4 at Napier closed on January 17 with 28,000 bales, of which 26,602 bales are to be offered as Hawke's Bay clips, and 1398 bales, of Gisborne wool, lms amount of Gisborne wool is less"]?; 11 half of the anticipated total, and the position is one which some growers will view as serious for them. At least, many will be disappointed at the news, for thev had been relying on their clips gaining a place in the early March sale. Realising the disappointment that there will be in connection with the position as briefly outlined, the wool brokers in Gisborne are making an enA deavor to have the Gisborne allocation At- extended from 1938 bales to 3000 bales even if it means extending the limit of 28,000 bales fixed for the sale.