THE DROP IN WOOL.
A POSSIBLE SEASON. It was expected before the last wool sale in Wellington (en January 3rd), and the expectation was realised, that some clashes of wool would fall in. price. When speaking to a Dominion representative, one of the buyers who the sale said:— I left' Meibbxrr^ey>-tilings were' When I reached New Zealand, 1 got bad news. I was handed a cablegram from my firm to reduce limits three-farthings." In the course of a conversation, he referred' to tbe fall in wool-afc-Buenos. Ayres, and when questioned said that quite likely the Argentine drop had something to do with the lower prices here. Most likely, he said, the firms satisfied a great many of their requirements at Buenos Ayres as soon as tbe fall occurred, wool, besides being a direct benefit .to them, was an indirect gain, as the slackened demand caused New Zealand prices to recede, and they were then able to get what they wanted here at lower prices than before tbe Argentine quotations came down.
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Wairarapa Age, Volume XXXII, Issue 10139, 17 January 1911, Page 7
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171THE DROP IN WOOL. Wairarapa Age, Volume XXXII, Issue 10139, 17 January 1911, Page 7
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