WOOL MARKET

Gisborne Times, Volume LXV, Issue 10320, 1 February 1927, Page 5

WOOL MARKET

AUCKLAND’S GRIEVANCE OVER BIGGER ALLOTMENT.

WELLINGTON CHAIRMAN REPLIES TO CRITICISM.

INCREASE WOULD BE DETRIMENTAL TO GROWERS.

w WELLINGTON, Man. 31. Mr. R. G. Anderson, chairman of the Wellington Woolbrokers’ Association, in a published statement stoutly denies the suggestion emanating from Auckland that the New Zealand Wool Committee refused to increase Auckland’s allotment in order to favor Wellington by drawing entries from the southern portion of the Auckland province. He says: “it is hard to credit such statements as emanating from any person of responsibilitp in tlie wool trade in Auckland, byreason of the fact that it disclosed a lack of knowledge of the position that could hardly be applied to any such person.” Continuing, Mr. Anderson says: “The chairman of the Auckland Woolbrokers’ Association is reported to have said there is no danger of market interference in the event of the Wool Committee increasing the allocations. In this I must differ as I am strongly of opinion that "with the heavy quantities of .crossbreds recently offered we ran a great risk of prejudice to the market, and to increase quantities beyond those already allotted would be, to my mind, a most reprehensible proceeding on tlie part of the committee. Such would, in my opinion, be totally opposed to the interests of woolgrowers, the conservation of which must be the primary consideration which governs the decision of tlie committee. It would certainly be little satisfaction to woolbrokers to see . anp break in the market by reason of overloading in the quantity brought forward and, as I have already stated, should an increase in the quantity be conceded very grave risks would be run in that respect.’ —P.A.

DUNEDIN SALE,

MERTNOES INCREASE UP TO I£D

DUNEDIN, Jan. 31

The second wool sale of the season opened to-night and about 7000 bales out of 25,000 were sold. Bidding was extremely keen throughout, and the market generally showed an improvement on the December sale of from Id to 1-jd for merinos, Id for haitbreds, and -}d for crossbreds. The condition of “the wool offered was better than has been seen m D'uneilin for many seasons, and this, no doubt, accounted in no small decree for the strong, keen demand. Top prices received so far aie equal if not better than the best yetobtained in New Zealand sales tins fleece brought up to 16d— Merino fleece: 16 bales 23d; 8 bales 2°id: merino pieces 21d; merino locks 12d; half-bred fleece 22d. —P.A. SYDNEY WOOL SALES

(United Press Assn.—Copyright.) SYDNEY, Jan. 31. At the wool sales a strong market ruled, with good support for all sections. Prices compared with the closing rates of last series showed an advance of fully 5 per cent, for best descriptions, and sto 7 i per cent, for ordinary sorts. Lambs wool was in special request, and comebacks and crossbreds ruled very firm. Merino sold to 303d.—P.A. WOOL SALES. Messrs Murray Roberts and Co. Ltd., are in receipt of the following cable from their London House under date 23th inst:—“Tone of market continues firm ; improved competition. Greasy fine and crossbred slipe fine, par to five per cent, advance.”