COMMERCIAL.
LONDON WOOL SALES.
GOOD COMPETITION.
VVELLINGTON, Tuesday.
The High Conmlissioners’ cable, Rated. London, March 20, states:—The eleventh series of Government wool sales commenced on Monday night with an unusually large attendance of buyers. There was good competition from all sections of our trade. Compared with the closing rates of the last. series merinos and fine crossbreds ruled about 5 per cent. rdearer, while medium and inferior crossbreds were unchanged. They have improved, however, since the opening, and they are at present selling at from part to 5 per cent. dearer. One hundred thousanrl bales of shown wools are available for the series, of which 28,500 are New Zealand. ‘There are also 19,000 bales of other description, none of which are from New Zealand.
Compared with the closing rates of the Fehuary sales the prices have advanced about ]0 per cent. all round.
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Bibliographic details
Taihape Daily Times, Volume XI, Issue 3444, 25 March 1920, Page 5
Word Count
143COMMERCIAL. Taihape Daily Times, Volume XI, Issue 3444, 25 March 1920, Page 5
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