FINAL WOOL SALE.
If measured by the standard of 1936-37, the wool-selling season, which so far as Auckland is concerned ends with the current auction, has been a poor one. If the "yardstick" be the standard of 1937-38, this has been a reasonably good season, in which a slight recession of prices is likely to be offset by a sharp increase in quantities sold. Prices so far have been roughly a penny a pound less than last season, while exports have been about 13 per cent greater. The Dominion's flocks at last census attained a new record by exceeding 32,000,000, and this has been one of the reasons for the exceptionally large offering at the current auction, in consequence of which, in future seasons, Auckland may need four sales instead of three. As to. the cash receipts this season, they were £339,896 at the first sale and £293,673 at the second. From the third farmers may receive a sum which will raise the season's return to over £1,000,000 —about the same as last season. This stability is valuable, but it would be more appreciated by the farmer if hie costs were equally stable.
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https://paperspast.natlib.govt.nz/newspapers/AS19390327.2.44
Bibliographic details
Auckland Star, Volume LXX, Issue 72, 27 March 1939, Page 8
Word Count
193FINAL WOOL SALE. Auckland Star, Volume LXX, Issue 72, 27 March 1939, Page 8
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