WOOL SALES.
Eoxdon, Dec. 3. At the wool sales there was a good selection, and a spirited Continental demand for finehaired. Prices are firm, crossbreds strong.
The opening wool sales in New Zealand this year (says tbe N.Z, Times) encourage the hope that tne season’s operations will yield very satisfactory results. Wet weather has delayed shearing a little, so that the Napier sale was postponed, but when it eventuated there was quite unusual excitement among buyers, especially American buyers, and prices were about three halfpence a pound better than last year. This means a great deal to the Dominion if it keeps up. Wool is our staple article of export, representing about one-third of all products sent abroad from our islands. The average annual quantity sent away is in the near neighbourhood of two hundred million pounds weight. An all-round rise of three-halfpence would mean an addition of probably not less than 1,000,000 in the return to growers, and should certainly appreciate considerably the amount of money available for local enterprise and circulation.
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Manawatu Herald, Volume XXXIV, Issue 1035, 5 December 1912, Page 2
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173WOOL SALES. Manawatu Herald, Volume XXXIV, Issue 1035, 5 December 1912, Page 2
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