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LONDON WOOL SALES

FARTHING BIDS. THE BUYERS INDIGNANT.

London,. November 27. Before the wool sales commenced to day the buyers held a meeting, when it was resolved to leave the room if the wool brokers insisted on farthing bids. The Importers' Committe met afterwards and insisted on farthing bids being received for wool up to tenpence m value. On the decision being announced, the majority of the buyers left their seats but remained m the room. The auctioneer attempted to sell, but very few bids were received. Ultimately he was compelled to discontinue the sale m consequence of the yelling, hissing, and singing indulged mby some of those present Further meetings are to be held to-morrow to decide what course shall be taken with respect to bids. The number of bales available is 157,000, including the cargo of the Balmoral Castle, November 28. • Foreign buyers strongly oppose farthing bids at the wool auctions. The " Times "suggests that farthing bids should be limited to 9d, and, m referring to,/the. scene at the wool sales yesterday, strongly condemns the action of a section of the buyers m turning the proceedings into a bear garden. (Received November 29, 1 p.m.) London, November 28. The woolbrokers and buyers have agreed to a compromise by which farthing bids will be accepted up to Sd.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG18881129.2.21

Bibliographic details

LONDON WOOL SALES, Ashburton Guardian, Volume VII, Issue 2000, 29 November 1888

Word Count
219

LONDON WOOL SALES Ashburton Guardian, Volume VII, Issue 2000, 29 November 1888

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