,T3ie extraordinary price wool lias l)een fetching at the late wool sales ' has put even London brokers completely out of their reckoning. Mr. .-2ST. P. Bayley's (Mudgee) last sale is reported as follows : —Ex Ann Duthie—3 bales- at 51d., 2 at 47|d., 2 at 48|d, 1 at 47|d., 2 at 47|d., 1 at 45d., 2 (broken wool) at 29d., 4 at 27d., 3 (locks) at.24d., 2at 23d. The broker's report received by the previous mail values this wool in no case over 3s. 4d., and concludes by complaining that "it is very poorly washed and full of grass seed." In the face of this it fetches nearly Is. per lb over the broker's valuation ! The fact is remarkable; and it would-almost seem as if buying wool was becoming as speculative as buying gold-mining shares.
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Mount Ida Chronicle, Volume III, Issue 168, 24 May 1872, Page 6
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134Page 6 Advertisements Column 1 Mount Ida Chronicle, Volume III, Issue 168, 24 May 1872, Page 6
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