STABLE WOOL PRICES.

Shannon News, 27 January 1925, Page 4

STABLE WOOL PRICES.

I The January wool sales, which have been looked forward to with a certain amount ot hesitation, seem to prove that prices for cross-breds have found their level as far as the present.is concerned at any rate. It . may be regretted that the main buying is more or loss confined to Bradford and the Continent, but it is almost a certainty that, sooner or later other buyers will have to come in if they require the raw matoiiai. A feeling - appeared to exist at the last Wellington sale that many of those buyers were awaiting the open tug of the London wogl sales before paying the high prices ruling in New Zealand.

Although! the London sale did not open "quite as brisk as might have been desired, ,ihe prices ruling for the class of wool produced in this district must be considered highly .satisfactory. Reports of the opening prices show that prices for cross-bred wool 40 —46’s have not cha’nged compared with the December sale. The reduction in Merino and half-breds is no doubt due to the fact that the rise in those wools was much greater than in cross-breds.

The coming sales in New Zeala’nd lor cross-bred wool will no doubt be very much on a par with present prices, a fact which means much to those farmers who have not yet sold this season’s clip.