Levin and Co.’s Wool Sale.

Manawatu Herald, 29 November 1902, Page 2

Levin and Co.’s Wool Sale.

Messrs Levin and Co., Limited, report :—The first wool sale of the nap season was held at the Art GalleraWoe

day, the various brokers offering bales. There was a fair attendance of buyers. The sale was held under the' n favourable influence of the news from London regarding the opening of the . November sales there, and all lots were competed for at enhanced prices. - There was an all-round advance on the prices current this time last year of ijd per pound, and it was cheering ta i see the coarse wools, which comprise ; so large a proportion of Wellington catalogues, participate to the fullest

sxtent in the advance. The following table will show the movement of prices as compared with the sale in November, 1901; — Last year’s Prices. To’day’s Sup. fine crossbreds 3J to 4 5 to 3J Med cross’red & Rom. 3 to 3J 4J to 5 Coarse crossb’d Lin’. z\ to 3I 4 to 4I Logstalned & superior zto %\ 3 to 4 Pieces and bellies 1* to 2 2to 3 Locks ... ... |to 1 Ito 2 There were no fine wools catalogued last year, but parcels in to-day’s sale brought gjd for merino and 6|d to yd for balf-breds. One word of warning to growers: It is not desirable in their interests that there should be witnessed a repetition of the events of two years ago, when, after a sharp advance in prices at the early sale, growers piled their clips upon the local market with all sorts of absurd reserves, the result being that lot after lot was passed in, and the wool was eventually sold in London at considerable loss. Buyers tako umbrage at the waste of time occasioned in Wellington in valuing wools which growers have placed excessive reserves on, and wo would counsel growers not to send their wools in to auction hampered with reserves. A fgrowcr who would yesterday have taken 3Jd readily for his wool should not, because of this rise, raise his reserves to sd; The drag ot high reserves takes all the life out o£ the sales to the ultimate injury of the vendor. Our wools were all shown for the first time in our new stores, Customhousequay, whieh are now nearing completion, and proved very convenient. The next sale will be held on 10th December.