THE WOOL MARKET.

Rangitikei Advocate and Manawatu Argus, Volume XXXVII, Issue 10548, 11 January 1913, Page 5

THE WOOL MARKET.

CHRISTCHURCH WOOL SALES',

Per Press Association. (fLtIJ Christchurch, January 10V f For the third wool sale of season, to be held here on there is'a record offering for the Dofilrf minion of 37,0% bales, Napier last week totalling 3r>,75J, and H Wellington sales on WeduesdaVli just under 20,000 bales. On thifi&cf'ij) casion, there will be a clips offered that in paslfyeaxs'’firue been regularly shipped to Loudon £ for sale, growers evidently being t<v quite satisfied to accept the prices '! “ that are now ruling. The wodK is* heavier in the grease than y,tl|u|fc ‘ offered at the December sale, ’’ary? A buyers will naturally make sßmbs allowance for this iii fixing ■ values, -. In view of the slight Ja3?nr ot prices at Napier .and and the fact wool what heavier, „it is probable prices on Monday may also sjiowtitvi™ rather weaker tendency. The—greater weight of the wool however, provide some compensation *' to growers. It has to be remember . that at the December sale the excite- J meat manifest amdng buyers may -7% have raised values tq a point about? J ; v normal, but now «t’Jat tlie trade has Vf settled down, competition will be more steady. The fa’ct that American buyers eased off in their operations, at Napiei awl? Wellington sales must also not ho overlooked, though, ou the otheir hand, there will be a considerabfo proportion of offerings on Monday' that will be especially suitable for American requirements, and the local woollen mills may be espectecfc to materially assist in the competition. There is ample buying strength in the market, as lessened competition from the American section bad given the Bradford Continental buyers more of an opening. Prices, therefore, are likely to be ou a satisfactory' level.