A WOOL SALE QUESTION.

Dominion, Volume 4, Issue 1016, 4 January 1911, Page 8

A WOOL SALE QUESTION.

' -'ARE VERY-BIG OFFERINGS '•; i- ■'■ -DESIRABLE?,..The third wool ■' sale -in'. Wellington this seas'bn was "held in the- Town Hall 'yeste'rdajv'.Buyeirs were present from England, France, Germany,- Scotland, Belgium,, 'America,.and Spain. The quantity offered was' 22,607 bales, which'is a couple of thousand bales" in excess, of the quantity offered at the corresponding sale lost year. It. is, however, not a record quantity. As: will; be se«n by figures given elsewhere on this; page," prices have fallen. One authority on .wool matters, speaking ;ot' tho quantity yesterday, said the ohorings. were just about as large as-ho liked, to' see submitted at one .'time. -His opinion whs that a record. offering, was not'always desirable: because, the .'market: ■was!.offered more "than-"if could absorb'.' 1 Even' when the buying was. keen, it was not; always desirable that a very large total quantity should come forward ior " one"; sale.' It was better for the quantity ; to: be spread oyer a longer time, just as for a person to spread their week's meals over the seven 'consecutive; days -than, to' have them all on 'one day''':' "In proof of ..this," he continued, "let us/take the present■;season. At-to-day's' Bale, ow'ing'tb the American sectib'n of.the buyers boinr; practically' silent, and somo of. tho';Continental 'elemen: not being'so teen.as they were at the last, sale, we had 1 to deal with.a hesitating and irregular range'of. bids. We found very irregular bidding—only two [ or three.' bids ; ,on wnip'lotsi and.only tb'a s'rrinll extent»was there-'any evidence of the'act:vp;-bidding ■which was exhibited at the last sale. "There have been a' number of lots passed in. In. many cases the cause- of. that has been that the owners' reserves are too' high. Some. of those clips were marked above the market figure. If the ■wcolgrowers in this district wish to assist the. brokers, in making these local sales a success, they must not hamper their offerings with excessive reserves." :A 1 BTJYER-ON INTEH-LOTTItfG.' : ' A'.bnyei: who has been coming to the New i Zealand . sales . for , years told a JJbiiraidN''representative that the' buyers were, all .very .pleased, with. tho. interlottirig 'system'which has been introduced ot.the.sales. .-Inter-lotting means ,rha"t-,. a line of. wool of one grade and value, riot necessarily-belonging to one owner, is put up,, and the amount realised apportioned .pTo'rata,'instead 6f perhaps one-bale belonging- to A.b'eing put up-and then one. bale, belonging to IS. The inter-lotting Bates'' time,"'and' is more" "acceptable iff" every:.way than the previous system.