Japan Not Buying

Hawke's Bay Herald-Tribune, Issue 14, 1 February 1937, Page 7

Japan Not Buying

Press Association.)

CANTERBURY WOOL Fine Sorts Firm to a Shade Easier CROSSBREDS IMPR0VE

(By Telegraph—

LBRltsiOxluRuxi, J. nis uay. The absenco of ajay marked Japanese competition had. a depressdng effect on prdcep at th© second Christchurch wool sale, held to-day. Fine wools were finn to a shade easier on values at the Decernber sale, but crossbreds re* mained1 firm and in some cases the rates were better than those ruling at the recent Auckland sale. The offering totalled 30,092 bales and comprised mainly ewe wooL The offSr> ing was not in such good conditiorxf" as that offered at the first Christchurch sale, being heavier and showing mdr# signs of weathering. Bradford, the 'Contineat and local mills secured - much of the finer wocta, with American buyers in the marKt for piece. Buying was xestricted, fbuif or five buyers taking the bulk .of tfii offering. The sale opened slowly, and during the first hour only 370 lots had been disposed of. For the^best o£ the fine wools and for crossbreds there was a good demand, but for medium and in* ferior lines the demand was dragging. Halfpenny bids w'ere common for, th* best of the wooi.