PRICE FOR WOOL FARMERS SATISFIED

Gisborne Herald, Volume LXVI, Issue 20069, 16 October 1939, Page 10

PRICE FOR WOOL

FARMERS SATISFIED

MR. MULHOLLAND'S VIEW CARE IN CLASSING AWAITING MEAT RATES (Per Press Association.) •WELLINGTON, this day. Provided prices for lamb and mutton were satisfactory, he thought farmers would be satisfied with the price announced, said the president of the New Zealand Farmers’ Union, Mr. W. W. Mulholland, in an interview by telephone from his home at Darfield, Canterbury, last night. In sterling, the price, announced from London would represent another 25 per cent in New Zealand currency, making it round about J2:',d. This, as he understood it, would be the average price over the whole of the New Zealand clip, but the range would be according to quality, of course. Lamb and mutton were important constituents of the sheepfarmers’ return, and would 1 have to be taken into consideration along with the price of wool. If priceg f° r these were satisfactory, then farmers would probably bo satisfied with that for wool. It had to be kept in mind that no margin was apparently being allowed •for possible rising costs, and if these did increase the wool price might not be satisfactory. The actual price paid for each lot would be appraised on quality and condition of the. wool, so that it was as important as ever for farmers to give careful attention to skirting,, classing and general get-up of the clips. Any slackness in these respects would result in a depreciation of the price paid.