WANGANUI WOOL SALE

Wanganui Chronicle, Volume 75, Issue 12, 15 January 1932, Page 6

WANGANUI WOOL SALE

FIRST OFFERING TO-DAY GREAT DEAL OF “HELD” WOOL CATALOGUE OF 23,000 BALES A catalogue ef approximately 23,000 bales will be submitted to auction al the first Wanganui wool sale of the current season, which opens at the Opera House at 9 o’clock this morning. The offering will comprise a great deal of old and seedy wool and with conditions as they are there is little prospect of a rise. A prominent broker, questioned yesterday, said that it was a pity farmers had not met the market last year. Growers who had made an attempt to meet the market would probably fare better than any to-day. Buyers of wool arc guided by brands and adopt a very careful system of check. The wool retains its identity when it reaches the mills and in subsequent years, particularly with regard to the larger clips, the buyer is guide ! by reports as to its quality in the estimation of the manufacturer. Under these circumstances it is natural that growers with well-established brands must do everything possible.to maintain the standard of the clip. It is reasonable to suppose also, that in cases where growers have made efforts to meet the market, the buyers have endeavoured to assist them to the best of their ability. The Order of Sale The order of sale to day will bo as follows: Levin and Co. Murray, Roberts and Co., and Johnston and Co. N.Z. Farmers’ Co-op. Distributing Co. Freeman R. Jackson and Co. Farmers’ Co-op. Organisation Society. N.Z. Loan and Mercantile Agency Co. Dalgety and Co. Wright, Stephenson and Co., and Newton King, Ltd. OPTIMISM AT HOME Received Jan. 14, 6 p.m. LONDON, Jan. 13. Commenting on the outlook of the London wool sales Messrs. 11. Dawson and Company forecast a better year. They declare that the combing mills will have difficulty in meeting the demand for fine tops. There are indications for further orders for hosiery, dress-goods and yarns near the future. The long spell of Yorkshire pessimism is being gradually dispelled. The old idea that prosperity comes from cheapness has been exploded. Bradfield feels that it is past the barren patch of losses, inadequate margins and the necessity for playing for falling mar