WOOL SALE

Timaru Herald, Volume CXXXVII, Issue 19673, 15 December 1933, Page 11

WOOL SALE

GOOD CLEARANCE EXPECTED TO-MORROW’S AUCTION Growers In South Canterbury are looking forward with some confidence to the first wool sale of the season, which Is to be held in the Theatre Royal to-morrow, commencing at 9 a.m. Catalogues for the sale closed on Wednesday night, when it was disclosed that the total offering was 10,805 bales. The Individual offerings of brokers, in the order of selling, are as under: New Zealand Loan Co., .. 465 Pyne, Gould, Guinness, Ltd., . 2017 National Mortgage Co., .. 2481 Dalgety & Co 3175 CJF.C.A. Ltd 2667 10,805 During recent weeks, the quantity of wool which has come to hand has not been large, and the general feeling was that the catalogue for the opening sale would be a moderate one. With more settled weather prevailing, however, growers were able to push on with their shearing, and at the last minute quite a fair quantity of wool came into brokers' hands. Reclassing of Wool. When a large quantity comes to hand at the last minute, brokers experience extreme difficulty in getting the clips ready for the sale. Discussing the matter with a representative of “The Timaru Herald” yesterday, the president of the South Canterbury Woolbrokers’ Association (Mr. A. Anderson) said that each' year growers weie becoming more alive to the benefits of reclassing, a method which the Timaru woolbrokers were perhaps the first to adopt, and when they found that out of the total offering in Timaru last year of 33,000 bales over 15,000 bales were reclassed, growers would realise the difficulties which the various firms were sometimes faced with to cope with a rush of wool for reclassing, which frequently happened towards the closing date of a catalogue. Though the offering at this sale was only 10,805 bales, there were many hundreds of bales in the various stores awaiting reclassing, which it was found quite impossible to cope with, and which would of necessity be held over for the second sale arranged for February 9th. Air of Keenness. Most of the buyers have already arrived in Timaru from Christchurch, and there is a general air of keenness about the stores. Mr. Anderson said that present indications led them to expect a good clearance at. prices on a par with those ruling in Christchurch on Tuesday. Discussing the Christchurch sale, Mr. Anderson said that although the full figures were at the moment not available, he had learned that one representative catalogue had realised, £lB/7/- a bale or 13.18 d a lb. against their last year's first sale £B/8/- a bale or 5.97 d a lb. He went on to say that it was unnecessary to enlarge upon the benefits that would accure to the farmers, financial houses, and district business generally, should the present prices hold throughout the current wool selling season, as it would readily be seen that an increased price a bale, commensurate with that shown at the Christchurch sale, would mean an increased distribution in the South Canterbury district during the next three months of over £300,000. Fine Merino Clips. Mr Anderson said that it had to be borne in mind, that there was not as large a proportion of stylish half-bred clips produced in South Canterbury as was the case in the North Canterbury district, consequently the bale average in Timaru might fall a little short of Christchurch. On the other hand, some exceptionally fine Merino clips were forward from the Mackenzie country which, it was claimed were equal to the best produced in the Dominion.