END OF FREE WOOL SALES.
PRACTICALLY ALL SOLD. GOOD DEMAND FOR MERINOS.
LONDON, January 28. The free wool sales have closed. At the la.=t sale GO,OOO bales were offered, and practically all the wool was sold. There was extremely good competition throughout from Home, Continent, and United States buyers mainly for good merinos, which closed ten to fifteen per cent above the opening prices. Carbonising sorts advanced five per cent. Crossbreds were in fair demand. Fine declined ten per cent compared with 'December prices.— (A. and N.Z. Cable.)
GOVERNMENT CREDIT ASKED. (Received 10.30 a.m.* LONDON, January 2S. General H. B. Lassiter, of Sydney, in an interview in the "Yorkshire Post" regarding the wool realisation scheme, said he would like to see the Government furnish a credit of, say, £20,000,000 in order to allow of the low grade wools in tiie carry-over stocks being sent to Germany, which was the only country in the world able to deal with that class of wool on a commercial basis.—-(A- and N.Z. Cable.)
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Bibliographic details
Auckland Star, Volume LII, Issue 25, 29 January 1921, Page 7
Word Count
169END OF FREE WOOL SALES. Auckland Star, Volume LII, Issue 25, 29 January 1921, Page 7
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