King Country Chronicle Saturday, Nov. 26, 1910. TOPICS OF THE DAY.
The drop in pricea of fine croasbreds at the first wool sales of the season in Auckland on Wednesday will surprise no one conversant with the worldconditions of the trade. The high price of cotton naturally makes manufacturers turn to the cheapest classes of crossbred wools and the wool buyers are found reflecting that attention, by competing strongly for the lower class article. Coarse crossbreds have accordingly risen in price slightly, and fine crossbreds, partly through the absence of American competition, and partly from the other causes just mentioned operating, have fallen sharply in value. It all stands for the stability of our greatest export industry. A lower price for the very finest wools and a good average price for the bulk is infinitely preferable for the average grower than the extremes of price the trade has witnessed at certain period of its erratic history. There should be a great influx of sheep rearing in the King Country these next few years. The market for wool is unlimited; mutton is apparently to be received in greater favour in Continental Europe than ever hitherto, and altogether the outlook is promising for the majority of the settlers interested.
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King Country Chronicle, Volume V, Issue 315, 26 November 1910, Page 4
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207King Country Chronicle Saturday, Nov. 26, 1910. TOPICS OF THE DAY. King Country Chronicle, Volume V, Issue 315, 26 November 1910, Page 4
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