Auckland Wool Sale.

Press, Volume LXVI, Issue 20095, 26 November 1930, Page 10

Auckland Wool Sale.

It is too soon to interpret the Auckland wool sale results in any but the most general terms* The prices are low —so low (hat to find their level it would be necessary to go back very many years—but Auckland is not a typical market. It is in fact neither typical nor attractive, much of the wool offered being of poor quality always, and coarse even when, as happened yesterday, its condition can be described as " very fair." Before we shall know what is going to happen in the South Island wc shall have to wait until the catalogue includes a reasonable proportion of the finer grades, and it is at least interesting that "a " few very attractive lots of super half- " bred were passed in at BJd and lOd." There is the further consideration that buyers are at present not really operating with determination, though it does not follow that they will change their tactics as the season advances. We can only hope that they will do so, and that the situation will justify more confidence. But in the meantime the fact stands that the season has opened on a drearier note than even the pessimistic expected. To say that prices are far below expectations would be unnecessarily depressing; it is never easy to estimate expectations, and it is doubtful if most people had allowed their hopes to rise much higher, for this particular sale, than the highest level reached by the best grades. But it has to be said that the prices realised are far below the producer's and the country's needs, and that the news from Auckland is a very painful reminder of the danger of every kind of extravagance.