UNPRECEDENTED WOOL PRICES.

Taihape Daily Times, Issue 201, 27 September 1916, Page 5

UNPRECEDENTED WOOL PRICES.

PREDICTED IN AMERICA. A HUGE SHORTAGE. (Received 9.55) NEW YORK, Sept. 26. A shortage of 200,000,000 pounds of wool is confronting American clothiers, owing to the poor domestic crop and difficulty in purchasing abroad. Dealers predict unprecedented increases in prices. LONDON WOOL SALES. Messrs Dalgety, Ltd., have received the following cablegram from their London House, under date of the 22nd instant: — "The sales closed firm. As compared with the closing rates of last sale, super and good scoured merinos are from par to 5 per cent lower, and short and faulty declined 5 per cent to 10 per cent. Super and good greasy merinos were higher by 5 per cent, but short faulty, ditto, were 5 per cent, lower. Free lambs were 5 per cent, higher, but faulties were 5 per cent, lower. Fine greasy crossbreds advanced 5 per cent, and medium and coarse 5 per cent to 74 per cent. Scoured crossbreds were lower by 5 per cent. Scoured free lambs were 5 per cent, higher, but faulty declined 74 per cent. Slipes were from par to 5 per cent, higher. The Home trade brought 87,000 bales; the Continent 6000 and 10,500 bales were carried forward, of which 5000 were not offered.