THE FIRST WOOL SALE.

Auckland Star, Volume LXIX, Issue 280, 26 November 1938, Page 8

THE FIRST WOOL SALE.

New Zealand's wool exports last season returned slightly more than £16,000,000, or almost a quarter of the total export revenue. This season it is expected that the total of wool offered for sale will be less, particularly in the Auckland Province. If the total revenue from wool this season is not to tall—and this is especially important because of the exchange funds —it is therefore necessary that the average of prices should exceed last season's. In so far ns the prices of the first sale are indicative ol the probable level during the season, they can lie regarded as encouraging. They hold out the prospect of a good, steady and reasonably remunerative market. Competition, though not as widespread us eon Id be wished, was strong and sustained, and the farmers' satisfaction with the prices was attested by the very small proportion of offerings withdrawn. It < seems likely that the first sale of the 1938 season will not be a memorable one—which is probably the best description that can be given to any sale. It is better that farmers •diould feel confident—as they will lhr> Helmut New Zealand to-day—that prices will be fair and steady.