WOOL SALES

Evening Post, Volume CIX, Issue 46, 24 February 1930, Page 12

WOOL SALES

WIL NOW .PBOCEED

BIG OFFERING AT WANGANUI

"Everiing.-Post," 2-lth February.

: As was announced in "The Post" on Saturday, the difference between the Wellington Woolbrokers' and the New Zealand Wool Buyers' .Associations over the quantity to be offered at the-Wellington. February auctions lias been settled. Mr. W. C. Bryden, Christchurch, president of the New Zealand Woolbrokers' Association, issued a full statement of the settlement (an ■ abridgement-of1 which had already appeared in these columns). He stated thM—

As a result of. numerous conferences which have .been conducted 'in the most friendly spirit between the Now Zealand Woolbuycrs'; Association and the New Zealand Woolbrokers' Association a satisfactory arrangement has been arrived at for a continuation of the wool

sales. ■ ~ As a result of the discussions, buyers have been ..enabled better to appreciate the difficulties brokers were faced '; with in the offering of wool, and, conversely, -the brokers have been-able to appreciate the view of the buyers. The brokers particularly wish to emphasise the point that the statements which have appeared that buyers were • endeavouring to force growers to sell wool are entirely erroneous. Their "chief ~ difficulty was that overseas buyers are unable to remain in the country to attend sales after approximately ■ 16th April. 1 An immediate -commencement is be- , ing made with the sales, it having been ' arranged that the buyers will com- ■ nience valuing catalogues in the North Island. early next week. A combined sale of the Wellington and Wanganui offerings will be held in Wangauui, commencing on 3rd March, followed by sales . at Napier and Christchurch. ■ VALUATION IN WELLINGTON. ■• Buyers will come to Wellington to value ■an aggregate catalogue of, about 18,000. They insisted upon a minimum of 20,000. ' Valuing will Tiegin on Thursday next, and continue on the following day. Then buyers proceed to Wanganui to value there on Saturcjay. '■' Selling will begin at Wanganui at 9 a.m. on Monday'next, when the Wellington catalogues, will be offered. The Wanganui catalogues follows. When both catalogues:;have been dealt .with buyers will proceed to Napier for valuation and the sale of a catalogue of approximately 10,000 bales will be held, beginning at 6 p.m. on 6th March." Following sales will be: Christchurch, 10th March; Dunedin, 14th March; Invercargill, I7_tli March; Wellington, 21st March, beginning at 4 p.m. A further Wellington sale has been arranged to be held on 14th April. ' General ' satisfaction is expressed that the difficulty has been got over, but it is felt that the offering of the Wellington catalogue, followed by that of Wanganui, ■will represent a heavy quantity of wool for buyers to absorb at practically the one sale at Wanganui. Including Napier, the combined offerings will probably amount tp ;: 47,00.0 tales. . . ?..' A BUYER'S PERSONAL VIEW A buyer pointed out to. "The Post" before the settlement was reached that, although 15,000 bales might have been offered in.. Wellington, it did not follow that the reserves put' upon the wool in" the catalogue would be such as to induce business. •-ItMvasone thing to' offer 15,000 bales and quite another to accept the bids made.. Moreover, on looking through the catalogue,, and 'having some knowledge of the marks and descriptions of the wool, it would seem that some growers had "picked the eyes out" of their- wool and left the unattractive lines to be-sold in Wellington. The true test of. the market, however, will be furnished when the Wellington ■wool comes to be offered at Wanganui next Monday morning.

GOVERNMENT GRATIFIED.

Speaking for the Government, and it may be added in- the general interest, also, Mr. G. W. Forbes, Minister of Agriculture, expressed himself pleased at the decision arrived at by buye.rs and brokers to resume, business. Mr. 'F,orbes pointed out that the holding back of the wool was not organised. -. The^growers felt individually that., they, werei not receiving a return of ,tha 'CQst/.rof Vproductipn,' and the' wool waa held back,in-:therbelief that'the-mar-ket would so improve as'"to give-'them that return. The decision of the woolbuyers not to attend the Wellington sale further complicated matters, as;those who sent in-their wool were growers who definitely wanted to realise on their clips." " "I have received advice from the New Zealand WooTbrokers' Association,"- Mr. Forbes concluded, "that a settlement has been arrived at, and that the buyers have agreed to commence an amended roster as from next week. I am. sure this news will be received with much pleasure throughout New Zealand."