AUCKLAND WOOL SALE

Sun (Auckland), Volume III, Issue 901, 19 February 1930, Page 1

AUCKLAND WOOL SALE

Misunderstanding Explained BUYERS WILL ATTEND rERE is no cause for any alarm on the part of Auckland growers that the third Auckland wool sale will not be held. In a telegram received today from the Woolbuyers’ Association at Christchurch the secretary of the Auckland Woolbrokers’ Association has been advised that no matter what quantity of wool is offering at Auckland buyers will attend, as it is a final sale. All final sales in the Dominion will be attended.

The telegram received from the wool ■buyers is as follows: "According to statements made by members of your association, which have appeared in the papers, it appears that you are under a misunderstanding with regard to your sale. The dispute has nothing to do with Auckland as it is a final sale and buyers will attend, whatever the quantity. 'We must ask you to correct the wrong impression your members are giving. It concerns only Wellington, Napier, Wanganui and Dunedin, which centres have more than one sale. Other centres are all final sales and therefore not interested. “With regard to Dunedin it does not affect them qs they state they have the full 20,000 bales available for ihe next sale.”

period, probably the March sales. There can be no question that if growers so wish they are entitled to use their own discretion. “The Napier sale will be'held on the date named, February 25, and what applies to the position in Wellington applies to the position in Napier, that certain growers entirely on their own initiative have decided to postpone the sale of tlieir wool until a later date, the result being that neither catalogue is likely to meet the requirements of 20,000 bales which the Woolbuyers’ Association insists shall be the minimum offering. “The attitude of brokers both in Wellington and Hawke’s Bay is that they are not prepared to bring any pressure to bear or in any way coerce their clients and they leave the matter entirely to their discretion as to the date on which they desire their wool offered. “Wool that is being offered at the Wellington and Napier sales on Thursday and next Tuesday is wool that is being offered for the purpose of genuine sale and for the purpose of meeting the market if reasonable prices are available. It should be easy to arrange possibly the offering of the minimum quantity required by the wool buyers, but if this is done no doubt restrictions on the sale of certain wools would exist. Brokers do not desire to encourage growers whose ideas of values would not be reached in the present market to offer their wool in order to enable brokers to reach the minimum required by the buyers, for this would bring about extra expenditure and result in the passing of large quantities of wool.”