THE WOOL SALES

Hokitika Guardian, 16 March 1921, Page 1

THE WOOL SALES

NONE TO BE HELD JN MARCH. '

19.0 U() BALES ENTERED FOR APRIL FIXTURE.

11l view ui the unsettled stale <d' the world’s wool market, groat interest is being displayed by wool growers in the t'ortliconiing Wellington wool sales. So far no date lias been fixed. In the first place it was understood that the first sale, which takes place at Dunedin, would be held on the fourth day after the. settlement of the recent waterside trouble. Yesterday, however, Mr Carey, chairman of the Wellington Woolbrokers’ Association, received a telegram from Mr Walter Hill, chairman of the Woolhrokers’ Association, Christchurch, to the effect that the Dunedin sale had been set down for Tuesday, March loth, the Invercargill fixture for March 18th, Timaru March ’22. and, further, that the rota of the North Island sales would lie arranged at a meeting of the Association to-be hold at Dunedin on Tuesday next. The Dunedin sale, which has heon twice postponed, was originally set down for .February -Ist. Now that it has been set on an extra day, the intervention of the Faster holidays will doubtless preclude the holding of the March sales in Wellington, and a start will not therefore be made with the North Island series until April.

Speaking to a Dominion reporter, Mr Carey said that the position was not altogether an unmtxod evil, its indications rather pointed to no increase in buying orders on behalf of Bradford operators. Therefore it was thought that the cessation in the sales might bring about an improvement m this direction. The later advices from London giving the results of sales did not. however,"appear to hear this out. Tn the eireiimstaiii-es, therefore, the results of the three South Island sales would he watched with interest by North Island "rowers, as being able to afford some indication at Fast as to the frond of

the market. \ftor the Wellington sale. Auckland and Napier will follow in that order, hut. as previously mentioned, the nctnnl dates will not, he decided on till Tuesday next. The catalogues for the next Wellington sale closed definitely at 5 pm, on Monday last, irrespective of tfic day on which the sale is to he held. The combined catalogues will constitute a total offering of about 19.000 hales.