THE DROP IN WOOL PRICES. /.
A REVIEW. (Special to Witness.) The* fall in' the wool prices continues t<* characterise wool sales, to the increasing dismay of the wool-growers. At the opening of the Wellington sales on Friday there was a further fall in. prices of about a farthing • a pound on the best qualities, a halfpenny,, on mediums, and three farthings- to a penny, on inferior. The question of the quantity, offered does .not seem to have had any influence on the prices The quantity offered was less by 1800 bales than that offered at the January sales of last year. Even if. the quantity had been larger it is not likely the prices would have differed. Buyer*-, obviously had fixed their values afc the re* duefcion quoted, and were Hot likely to bestirred out of the stand they took-. Many predictions have lately been made from various quarters as to the immediate future o£ wool prices, end some of them have been in striking contrast with one another. Th&
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Otago Witness, Issue 2810, 22 January 1908, Page 20
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170THE DROP IN WOOL PRICES. /. Otago Witness, Issue 2810, 22 January 1908, Page 20
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