NOT WANTED

Hokitika Guardian, 15 December 1931, Page 3

NOT WANTED

LAST YEAR’S WOOL. The burden of the cariy-oyer- influence of old wools on current sales ik; stressed by Dalgety aiid Co., in their, report on the Wellington’auction. Ahey. state that the majority of passed • lots comprised old, off-colour vvorils,the general range of bidding on such-; being 3d to 3|il per. lb. “It is quite evident,” they state,, “that at the moment buyers are confining their purchases to new clip, although quite good •prices were at times paid for old wools which had not gone off in colour. Home ahd Continental buyers no doubt recognise 'that they can secure full supplies of old crossbreds practically .attheir doors in London, and rememberf mg that 180,not) bales were held over in New Zealand at June 30 last, fly!) quantity, combined with 'stocks iously held in London, makes the eaH ry-over a heavy one. . " A

•• ‘-‘lf business in 'the textile manufticf turing centres of the world were brisk; with machinery fully occupied, the car-ry-over would not cause much conf-ern, hut with , trade in a languishing'condition; devoid of stability and confidence, the positionjs altered greatly, and naturally makes buyers cautious and forces them to operate on a hand-to-mouth basis.

“There is no getting away from‘the fact that the position in regard to old stale wools, considering -‘prese'iit market conditions, is serious.-'-'an'd • if stocks are to he cleared it seenfs as. if the London market will “ha vo-'t'o he used as the selling centre.” -