GROWERS HOLD BACK

Poverty Bay Herald, Volume LXI, Issue 18579, 13 December 1934, Page 13

GROWERS HOLD BACK

MARKETING OP WOOL CHRISTCHURCH SACE GERMANY NOT BUYING ■ JPer Pr?s3 Association.), , #,HRISTCIIURCi'f, this day. /At the Wtiol sale to-day, German buyers ’Were present, but made .practically Wo bids'at all: With Germany out of the market, the demand for piece, wool, compared With fleece, was not relatively fifteen as last. .December. Consequently, tin) fall in piece prices was

great.er. The. highest prices up to noon were :; Merino, lljjd ; Con-iodide, 13d; halfbw ,: 14|tl j tiiKee-quarterbred, lOd; crossbred, 64d. : ' 1 Prices followed the Trend of world markets in recent months, find, the percentage decline to-day Was, if anything, Blinhtly less than had been expected in' the case of finer wools. These sold very well under good eompetitidn. The offer-, ing came forward in much better condition than last year’s, due to the better growing reason. The 1 fact-tlnit only 18,618 bales came forward from' an hlloeation of 25,000 for the sale, .indicated that growers were, holding biick in case of a rise in the market later in the season. At the corresponding sale of last year, the full allocation vf 25,000 bales was taken.