AN ABSOLUTE CLEAN-UP

Poverty Bay Herald, Volume LXI, Issue 18323, 15 February 1934, Page 6

AN ABSOLUTE CLEAN-UP

ALL ODD LOTS OP WOOL ENTICED OUT THIS YEAR * GISBORNE SHEDS BARE Gisborne wool sheds are becoming bai-e of wool, even of all odds and ends which ■had no value a year ago. In the words of one connected with the trade, there has been an absolute cleanup, the greatest for five or six years. This should be a great factor in assistibg the market for next season’s dip, for it has? Tieen going on throughout New ZeA- ' land and Australia, according to reports, and probably in all other wool producing countries as well.

Therefore, the easing of values at the Wellington wool sale to-day, partieulaHy noted in crossbreds, should not seriously disturb the prospects for next season’s clip, providing world conditions do not take any further step in the wrong direction. The latest decline, following the remarkable rise in values, is due mainly to the unsettled Continental conditions, but there is no reason to be unduly pessimistic. %

During the past three or four years there was a growing tendency on the part of growers to hold their clips, until a few*had four season’s wool m their sheds. Much of the accumulation was disposed of last year, for there seemed to he no end to the slump, but oddhieftls of inferior and coarse wools were realising so little that often they were, net, worth sending to the sales. " In the Gisborne district, as in othw, narts of New Zealand and Australia, Jliere were large holdings of these odds and ends, which’ at- IKst’ are worth while baling or bagging and sending to market. Every ounce of such wool has been; put into all sorts of packages for sorting out and selling, and the prices received have been well worth the trouble and expense involved.

Hardly a tuft of wool will remain by the end of the season,’,and* the next series of tondon sales should .commence With I absolutely bare sheds in New Zealand, and probably in Australia as well. Even ■ with the sharp reduction in crossbred values at Wellington to-day, this class.of wool is still Et a fairly payable level, and there should be no deterrent to growers to retain env of the wool that at present remains unsold. The third Napier sale of the season will V Held, next Tuesday and the fourth on March 23. The fifth ' sale, tentatively fixed for April 20. should see the filial clean up of the clips. A further oddment sale will be hbld in Gisborne on March 28, when, it is expected, there should be another lavee entry. The last oddment sale here attracted well over ICOO bales.