WOOL PRICES.

Wairarapa Age, 11 March 1922, Page 4

WOOL PRICES.

We do not agree with Mr W. A., lorns’s remark at the Farmers’ Union Executive that the newspapers only give the top prices in their reports of wool sales. In reporting such sales, the brokers usually prepare what is called an official “ range of prices, ” which is designed to indicate as fairly as possible the average prices ruling for each description sold. Auction sales only give rough ideas of values in any case, inasmuch as good wool at one time of the day will bring less than inferior wool at another. But on the whole the official range is accurate. Apart from the official range, { ‘The Age” has made it a practice /or some time past to publish all, or as many ns possible, of the actual prices realised by local clips. To the average farm, r this conveys more even than a range of prices. The brokers have acquiesced quite readily in our suggestion that the sales should be reported in this manner as far as the Wairarapa is concerned, and they have gone w the trouble to prepare for each sale a detailed list of the local realisations. Farmers are thus able to see exactly what prices arc obtained and to com pare their own results if they wish to. There is no question as far as “The Age” is concerned, of picking out the best prices.