The Ashburton Guardian. Magna est Veritas et Prevalebit. MONDAY, NOVEMBER 29, 1886. ASHBURTON WOOL SALES.

Ashburton Guardian, Volume V, Issue 1419, 29 November 1886, Page 2

The Ashburton Guardian. Magna est Veritas et Prevalebit. MONDAY, NOVEMBER 29, 1886. ASHBURTON WOOL SALES.

The very satisfactory results attending the first series ot wool sales for the season of 1886, held in Ashburton on Friday last, are exceedingly gratifying and prove that the anticipations of our merchants when these local sales were last year initiated were soundly based. For it is evident that the permanency of the system of local wool sales is now firmly established and that ere long all the wool grown in the district, other than that destined for export beyond seas, will be disposed of in the local market instead of as formerly being forwarded to Christchurch. The sales on Friday attracted as large an attendance of foreign buyers as could have been gathered together in the Cathedral City, and the prices obtained as a natural consequence are fully as good as could have been obtained there, while the grower obtains the manifest advantage of saving the freight to Christchurch and, besides this, has an opportunity of himself witnessing the sale of his own clip without the expense and loss of time incurred in a journey to the metropolis. Then as regards our local merchants, the commissions earned will form no despicable addition to the season’s business and will represent so much money retained in the town for local expenditure which otherwise would iiave gone to enrich the chief city. From every point of view then the results of Friday’s sales are most encouraging and pleasing, while the prices obtained and the reenness of the competition afford promise of even better things in the near future. Not the least pleasing feature, however, still remains to be noticed, and that is that a very considerable proportion of the wool was purchased by the Ashburton Woollen Factory and is destined to find its way to the open market in the shape of manufactured goods, inasmuch as the community doubtly benefits when its own local manufacturing industries are able to work up the product of its pastoral industries. We would we could see more of this sort of thing in New Zealand, for herein lies the true method of laying deep and firm the foundations ot a lasting prosperity.