HIGHEST OF SEASON

Evening Star, Issue 19794, 18 February 1928, Page 6

HIGHEST OF SEASON

worn. iAKrs stow® ?m WELLINGTON BROKER'S VIEWS [Special to the ’ Star.’] WELLINGTON, February IS. When the wool sales opened in We! lington it was generally suggested tha prices were too good to last, and tha the keen competition was largely dm to prompt shipping facilities. How ever, present sales show an even bettei average. “The sale is the dearest so tar he/ in the dominion,” declared Mr R. ( Anderson, chairman of the Wei ling ft Wool Brokers’ Association. “As coi pared with rates current in Januar the estimated price will bo advanc by Id to 2d on fine wools, and Id IJd on the other descriptions.” At the time Mr Anderson was spea ing the official range of prices had n been made up, and no other than rough comparison could be made 1 tween the prices of wool realised i day and a month ago. “Altogether,” concluded the Cha man of the Brokers’ Association, “t

sale is most satisfactory for the p: ducer directly and the dominion general, because it should result in f distribution in Wellington district probably three-quarters of a million money within tbe course, of a couple weeks.”

Lambs’ wool, Mr Anderson notic< was most eagerly competed for buyers for France, and finer sorts | wool and Southdowns were in stro; demand. For pieces and skirtin there was excellent demand, and Cc tinental buyers’ limits placed tile wools far beyond tbe purchasing ren of dominion scourers, who were able obtain little or nothing. Americ competition for superfine, finer cro hreds, and other wools suitable for t IJ.S.A. trade was a moat helpful fi turn of the sale. Japan was in f market for higher grade hogget woe No one qualified to do so appeal to be prepared to venture to forec; the future of the wool market. I

maxim for producers, it was agrei was “Go while the going is gooc and they appeared to be acting up it, judging by the ready selling a the rarity of lots being passed in failure to reach growers’ reser The prices of wool are admittedly hi to-day, and a clean sweep is likely bo made of the 27,000 bales offered Wellington this month, as was t case with the January offerings. As is, the market appears to be strong 1 the end of the season.

However, Auckland has over 20,( hales to dispose of next Monday; Wf ganui follows with an equal quanti or more, next Thursday; and Nap will have about 25,000 to sell at t end of the' month.

No limit will be placed on the que titles to be offered during March, h there are seven sales set down for tn month, and three of these will be hq in the South Island. The season ol cially concludes in Wellington i March 26.