MONDAY'S WOOL SALE

Evening Post, Volume CX, Issue 137, 6 December 1930, Page 12

MONDAY'S WOOL SALE

THE' WELLINGTON ■CATALOGUE

CONDITION OF STAPLE

A total catalogue of some 18,000 bales J will bo offered at the Town Hall on Monday morning, the sale beginning at 9 j o'clock. Competition is expected to be keen —at buyers' limits. Some growers having more confidence in the future of the market than buyers appear to have, are reluctant to take current prices,' consequently the offering of IS,OOO bales is well under the limit.placed by the New Zealand;AVool Committee on the December offering of 30,000 bales. It is understood that in many cases reserves put by the owners-of the wool are in excess of their brokers' ideas of values. But the sale will tell. . Buyers are exceedingly active in the Wellington stores to-day in valuing the wool, and'they appear to want it if they cau get it at prices found about those realised at the London sales and at the sales held -in Auckland, Wangamri, and Napier duriDg the past few, .days. How much "old" wool will be contained in the ■ catalogues to. be offered on Monday with the new season's clip, is not easy to ascertain, but 35 to 40 per cent, has been mentioned. ■ . ■ .As :to the quality of the wool to be offered'On Monday it has been described as regards the old sheep as at.generally medium -far under the average. It is said by some'who;jjave.examined it, to be tender, lacking in:; growth, or body, and carrying about 2 per cent, more of grease than the wool offered this time last year. Character and style, .too, are said to be below the average standard, and wanting in good colour and; lustre.. : The clip' is lighter in weight by some 25 per.. .eciit;,\". i.e., the weight. of.. wool per; sheep is a quarter less .than it was last year. >'< :-.'.'.. ■ ■■'•■_ ■ , ■ The indifferent condition of- the woo] to be offered ; this year, -when compared with last year's1 clip, is attributable to natural causes. The we'aiher lias been all against .the wool. grower. The weather during the winter and spring months was abnormally .dry, and there was no nourishment in the grass, \ feed ■ generally was meagre in quantity and pooivin ■quality; and accounted in large measure.-for the condition of the clip,.. ..,. ::: ■■ , ■ . . .However,- the .-sales: on. Monday will tell the true Story.-:of what wool is worth at the present time.