AUCTION SALES

Dominion, Volume 14, Issue 18, 16 October 1920, Page 10

AUCTION SALES

FORTHCOMING FIXTURES, | TO-DAY. Everybody's Theatre, Wairoa, 10-80 a.m. —Land sale (H.B. Fanners' Co-op.). Hautana Square, Lower Hutt — Sale of furniture (Ernest Leighton). Waiwelu -Eoad, Lower Hutt, 2 p.m.— Bungalow, furniture, stock (Hodgkins, Carver and Co.). x MONDAY. 33 Waipapa Eoad, Hataifiai, 130 p.m.— Furniture salo (Johnston and Co.). Levin Saleyards, 1.30 p.m.—Sale of tattle and implements (Abraham and Williams). Alfredton, 12 noon.—Cattle tale (Wairarapa Farmers' Co-op. Association). TUESDAY. 1W Abel Smith Street, Wellington, 10 a.m. —Furniture salo (Johnston and Co.). Koro Koro, Petone, 2.30 p.m.—House property (Vine and Wilson). Colombo Eoad Yards, Masterton.—Sale of cattle.(Levin and Co.). THE WOOL~POSITION FARMERS MUCH CONCERNED VIEWS OF MR. W. J. POLSON By Telegraph—Special Correspondent. Wanganui, October 15. Farmers are much concerned over the wool position, and Mj> W r . J. Poison, Wellington provincial president of the Farmers' Tlnion, in discussing the matter, suggested that the world was producing faster than wool was being manufactured. If stocks were held long enough tbey would ultimately catch up. The trouble had been accentuated by tremendous wastage in England. New Zealand produced mostly crossbred wool, which waa not bo much, in fashion.' There vns a possibility of it increasing rapidly while the amount of fine wool wa6 steadily reduced.' It -might be a somewhat pessimistic way of looking at it, but there was a possibility of that happening, and the longer wool was stored tW worse the position -would.become, unless they could get a pretty definite understanding from the Imperial Government that thoy would see that crossbred wool held was not sac rificed. whatever happened to the market. The trouble in New Zealand wn» that many of the smaller farmers were not in a position to store it except with considerable financial assistance, but any advances made would only be on the basis of London parity, and would not give as much relief as mauy farmers expected.

"One does not want to be at all pessimistic," added Mr. Poison, "but apparently there has been an attempt to 'bear' the market as far as we can judge from indications, therefore one hesitates to express any definite opinion about the sale of wool in New Zealand. I consider the proper thing to do is to sell -with, a reasonable reserve put on the wool to prevent it being slaughtered.'" Continuing, Mr. Poison said there was hope for relief from the Japanese markets, but the greatest hope was the rehabilitation of

the European markets. If the Imperial Government held up the prices Continental buyers would come to New Zealand. Some had already made inquiries, < and in several instances had obtained options for local wool at remunerative prices, although not as Rood as the commandeer, but whether that would lead to business

it was .impossiblo to say. "The key of the i situation is in tho hands of tho Imperial Government," reiterated Mr; Polson, "If they hold up the wool it will force tho buyers to come to New Zealand and givo a reasonable price."