TARANAKI FARMERS CONCERNED ABOUT WOOL OFFERINGS

Wanganui Chronicle, 24 December 1947, Page 5

TARANAKI FARMERS CONCERNED ABOUT WOOL OFFERINGS

(0.C.) New Plymouth, Dec. 23. Because an unusually large percentage of this season’s wool clip is already in store or in transit, farmers are concerned whether their wool will be included in offerings at the next wool sale at Wanganui during the first week in February. The total catalogue for the sale is 37,000 bales, and already it is almost full. Individual brokers were allocated percentages of the catalogue by the Wool Brokers’ Association. Although a few have not yet filled their quotas, most have and they are now notifying farmers what percentage of their wool will be included in the offering. As a result of the policy adopted by the Waterside Workers last year and the consequent slowing up of the turnround of shipping, farmers who sold their wool later in the season received a poorer price than those who sold it earlier. Farmers are, therefore, eager to have their wool sold at the earliest possible catalogues for the Auckland and Wellington January sales have already been filled.

This season the method of holding the Wanganui sale has been altered at the request of the principal buyers so that two offerings will be made during the same week. In effect, the sale will be a double one and the amount of wool offered will be more than at. the corresponding sales in previous years. Some brokers will operate on the first day and the remainder on the second day. The object is to reduce buyers’ travelling and to give them more time for valuing.