The Gisborne Times PUBLISHED DAILY, TUESDAY, JANUARY 11, 1927. THE IMPROVED WOOL SITUATION.

Gisborne Times, Volume LXV, Issue 10302, 11 January 1927, Page 4

The Gisborne Times PUBLISHED DAILY, TUESDAY, JANUARY 11, 1927. THE IMPROVED WOOL SITUATION.

There will be great rejoicing on the part of the wool-growers, especially amongst those who have disposed of their clips, on account of the substantial rise in values as registered at the recent auctions in Christchurch. The advance cannot be said to have been altogether unexpected. It was a matter of common talk at the time of the opening sales in November that the statistical position of the wool trade justified higher prices than were then offered. Subsequent sales have, of course, shown an increasing tendency for the enhancement of values and the appreciable improvement noted at the Wellington auctions has now been bettered by the prices offered at Christchurch. An indication of the extent to which the market has improved so far this season in respect of those classes of wool which are chiefly produced in this district may he gained at a glance from the following table:

Nov. Jan. 1926 11927 Medium N-bred—- . Super 12d to 13ld 14ld to ISd Average lOld to Hid 12-Jd to 14d Inferior 83d to lOd 11-id to 12-Jd Coarse X-bred Super 12d to 13d 13d to 14d Average lOd to llid llid to 12|d Inferior 8 id to 9}d 10d to 11 Id There can he no question but that the ending of the coal-mining “holdup 5 ’ at Home has been a great factor in placing wool values on a higher basis. Britain to-day can now enter upon the fulfilment of a huge ’quantity of orders which could he* accepted only conditionally whilst coal was in such short supply during the “liold-up.” What has also been advantageous is that economic harmony would seem to have been reestablished between France and Germany. It is interesting to record in this regard the keener demand to-day for lower grades of wool for the Continent. Whether wool will soar any farther remains to be seen. War iii the East would, of course, cause a

further ” r ‘^aita^'refor wools suitable of t ] l6 quirements. Wh the P ' ]evel> raw material ak its p i a i m growers cannot legitimately that wool-raising oes is interesting also woo f of Gisborne being pla<= ed sales roster need not now bo aban doned. From whatcan 1» made out, it will not« As,o not made As a maue the growers do not aiono result of sales not being held here, .for every year large quantities o wool are sent from this d'stnot dw -ttJto the London maiket. It . P jL too, that local growers vvho Are not yet had a chance to market (heir wool will be gainers this season whereas, in some former season , the late sellers missed the market when it was at its best.