WOOL SALES

Mt Benger Mail, 9 November 1938, Page 2

WOOL SALES

REGULATION OP OFFERINGS In April last the New Zealand Wool Committee convened a Conference which was held at Christchurch to discuss the question of a greater spread of the Wool Sales for the 1938-39 Roster. At this conference, which was attended by members of the New Zealand Wool Committee, and representatives of the Woolgrowers, WooLbrokers, and Woolbuyers, certain recommendations were agreed upon with a view to improving the wool selling conditions in New Zealand. These were in the direction of providing that where practicable, not more than 24,000 bales be catalogued at the one centre, and, in order to carry this into effect, the roster to be extended as required. These proposals were supported by the International Wool Conference held in London in June, when the Conference agreed to a recommedation from New Zealand wool interests that when market conditions warrant, offerings should be limited to a maximum of 24,000 bales. At its meeting last week, the New Zealand Wool Committee which comprises representatives of the producers, woolbrokers and woolbuyers, gave consideration to the question of regulating the offerings of wool at the sales to be held throughout the Dominion during the forthcoming season, having regard to the foregoing recommendations. The sales commence in Auckland on 26th November, 1938, and those affecting local districts are as follows:—Dunedin 1938—20 th December; 1939—8 th February, 16th March, 19th April. Invercargill, 1939—3rd February; 11th March. ~