THE WOOL MARKET.

New Zealand Herald, Volume LXV, Issue 20105, 16 November 1928, Page 12

THE WOOL MARKET.

OPENING SALE TO-DAY.

INDICATION OF THE VALUES.

Sheepfarmers throughout New Zealand will to-day anxiously await reports of the first Dominion wool sale of the season, which will open in Wellington this morning. It will provide ttlie first reliable indication of the values likely to rule for the 1928-29 selling season. An expert, discussing the matter yesterday, said the initial sale afforded an indication of which countries weVe most active in the bidding and what description of wool was most keenly sought. Last year, the first Auckland sale—the fourth of the Dominion series—witnessed higher values than did the opening sale in Wellington, when prices advanced about twopence above the concluding prices of the previous season. It is agreed that if prices this year arc ou a parity with those of last season, or even slightly below them, the graziers of thu Dominion will do exceedingly well. OFFERINGS AT CENTRES. FIXING THE MAXIMUM. [BY TELEGRAPH. —PR ESS ASSOCIATION.] WELLINGTON, Thursday. Tho New Zealand Wool Committee'at its meeting to-day fixed the maximajn aggregate quantities of wool which may bo offered at the various ccnties throughout tho Dominion during the forthcoming season as follows December 3: Christchuuch, no limit. December 7: Wellington, 27,000 bales. December 12; Napier, 22.000 bales of Hawke's Bay wools and 6000 bales of Gisborne wools. December 17: Tirnaru, no limit. December 21: Dunedin, no limit. January 7: Chnstchurch, 25,000 bales January 12: Wellington, 27,000 bales. January 13: Napier, 22.000 bales of Hawke s Bay wools and 8000 bales of Gisborne wools. January 23: Wanganui, 25,000 bales. January 31: Invercnrgill, no limit. February 5: Dunedin. 27,000 bales February 8: Tirnaru, 20.000 bales. February 13: Christchurch. 24.000 bales. February 19: Wellington, 27.000 bales February 23: Auckland, no limit. February 27: Wanganui, 20.000 bales.

The foregoing quantities were Cued after very full consideration cf the whole position and, as in previous years, tlie committee is not fixing any maximum on the quantity which may bo offered at tha various sales to he held this month and in March, 1929.