Japan Not Buying Canterbury Wool
CROSSBREDS IMPROVE; FINE SORTS EASIER Per Press Association. CHRISTCHURCH, Feb. 1. The absence of any marked Japanese competition had a depressing effect on prices at the second Christchurch wool sale, held to-day. Pine wools were firm to a shade easier on values at the December sale, but crossbreds remained firm and in some cases the rates were better than those ruling at the recent Auckland sale. The offering totalled 30,092 bales and comprised mainly ewa wool. The offering was not in such good conditionf as that offered at tho first Christchurch sale, being heavier and showing mor« signs of weathering. Bradford, the Continent and local mills secured much of the finer wools, with American buyers in the market for piece. Buying was restricted, foui nr five buyers taking the bulk of the offering. The sale opened slowly, and during the first hour only 370 lots had been disposed of. For the best of tho fine wools and for crossbreds there was a good demand, but for medium and inferior lines the demand was dragging. Halfpenny bids were common for the best of the wool.
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Bibliographic details
Manawatu Times, Volume 62, Issue 27, 2 February 1937, Page 7
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189Japan Not Buying Canterbury Wool Manawatu Times, Volume 62, Issue 27, 2 February 1937, Page 7
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