WOOL PRICES FALL

Sun (Auckland), Volume III, Issue 839, 6 December 1929, Page 11

WOOL PRICES FALL

WELLINGTON SALE SHOWS POOR MARKET “TONE ANYTHING BUT BRIGHT” .Press Association, WELLINGTON, Today. The Wellington December wool sale, limited to 27,000 bales, is proceeding. Prices are down on November rates, the fall in most lines being a penny. • oarse wools are least affected. Many lots failed to reach their reserve. The buyers, of which there was a •representative bench, appeared to want the wool but were not able to pay the Price. The wool was not. so good as that at December last season. Mr. J. Moodie, chairman of the Wellington Woolbrokcrs’ Association said the tone of the market was anything >ut bright. The fall was heavier than yad been anticipated. lie remarked mat the offering was rather disappointing, the wool being thin, off ' olour and badly grown. The uuanutY of super wools, which was genera - feature of the December sale, was very limited, but when any good lnu came before the buyers, sound prices were obtained, a number being secured for the Ktutes. The trade ( »<3niand for coarser styles of crossbred comparatively good, but there was a ve ry limited inquiry for merino at 'he low range of prices offering. . As the sale proceeded, Bradford w a > j l } the market taking fair quantities •crnia : buyers were also operating lairly freely.