LONDON WOOL REPORT.
Sales opened on the 30th April, and closed on the 3rd June. Total bales catalogued 928,112. A decline of Id to l|d was established at the opening sales, but was soon recovered, and the sales continued to the end at advanced prices. Foreign buyers took the lead throughout. Had they only made their usual purchases, and competition been left to the home trade, a serious decline in prices would have been the result. It is anticipated that good prices will be realised at the July sales ; but it is thought that buyers of wool in Australia pay absurd prices, leaving no margin for risk or profit. Next sales commence on the 16th July.
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Hawke's Bay Times, Volume III, Issue 137, 28 August 1863, Page 5 (Supplement)
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116LONDON WOOL REPORT. Hawke's Bay Times, Volume III, Issue 137, 28 August 1863, Page 5 (Supplement)
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