Wool Sales
« OPENING SEKIES. By Electric Telegraph. — Copyright. (P£B UNITED PRKSS ASSOCIATION.) London, January 28. At the opening of the wool sales today, 7400 bale* were catalogued, three-sevenths of which came from the Cape. Medium merino averaged £d lower. Good qualities are unchanged. Fine crossbreds are &d higher ; medium unchanged. Two hundred and fifty thousand baled will be available for this aerie*. Later. At the wool sales to-day 10,000 bales were catalogued. The attendance was fair and the bidding spirited. The number of bales available is 250,000. The New Zealand Loan and Mercantile Agency Company (Limited) have received the following telegram from their London office, dated 29th instant : — " Wool. — The sales opened this day at about the level of last sales, except for medium and inferior greasy merino and inferier scoured merino, for which the market is slightly wtaker. The attendance of both Home and foreign buyers is good. The sales comprise about 245,000 bales. One hundred and nine thousand bales have been sent to the manufacturing districts direct. New Zealand hemp. — Medium quality isworth £38 per ton. New Zealand mutton. — There is a rather better demand, but quotations are unchanged. New Zealand beef. — Market quiet. Forequartes are worth 3£d per lb, and .hindquarters 4j}d per lb."
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https://paperspast.natlib.govt.nz/newspapers/FS18890131.2.6
Bibliographic details
Feilding Star, Volume X, Issue 88, 31 January 1889, Page 2
Word Count
207Wool Sales Feilding Star, Volume X, Issue 88, 31 January 1889, Page 2
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