SOUTH ISLAND WOOL

Hokitika Guardian, 24 May 1929, Page 2

SOUTH ISLAND WOOL

i ~r i'iii • roifin; - ESTIAiATED>DECLINE OF,MiA ’ : : <BALE : . . ><■•<>■' •«' , -.- i*r• uu _ 1 . • ; 'll IMI DUNEDIN, May -22-. Statements' / made at tlife mm-ilimil meeting to-dav l of the »1 riisteeHa rFxecutors, and Agency Company indicated the steady ' progress of: tliei company throughout'' ‘Otiigo, >No.rth>..; : ft)tago. Southland,' and. (' {VntcvbiiuyJ <Jmd}| itho growing desire on the' part of s to entrust their affair*.-to a trustee company in preference I to- private trustees. Shareholders expressed the opinion that the company’s success in business was its best advertisement. In tiie coure .of , his address, the chairman - • of . directors, ; Mr.., M G ; .,, R, Ritchie,,dealt, briefly with .th,e piTmary industries of .the- qomitry,.. , f ! , ,

“ I gave you some ligij;res i ,.la^. | ,year.”.. he said,. ..the average each . year' ,for i' -> date • this past.jseas ui^llie^rif e lia.s been lower 3d, por.i average I.ping, ; lvJ,'-d. -"s aga,i/ist f 'to.27d a-yeai' : ugo,,'.or,,sss, U ! PyOtfi^'sc* lo *.’’: nhly .flic.>jfail iu. tl.e North wool will, n i he-,,s<y great, its being of a coarser description. T}n?. does not ,l2 to .LM per hale on the whole ol the wool exported from New Zealand lor,

owing to iikreused Hocks, especially in the youth Island,'the production lias been.greater; . ’ Thg future outlook, so. far , a.s.,we can; see at present, appears to he i r»mw ising. Brices for our products this past season have been good, indeed excepting wool. ' They have been in excess.<>f those -.ruling' last .year,, and . if they, will only, continue at theisame, steady level, ion, a year or two, producers, generally speaking, should, be : - well; satisfied and should in; able to put; something aside for, the rainy:,day which must inevitably come.’.’ ■ .-id.