WOOL PRICES.

Bay of Plenty Times, Volume LX, Issue 10884, 10 August 1932, Page 2

WOOL PRICES.

“WILL RECOVER QUICKLV." Mr John F. Freehan, who has Jnst retired after forty-one years' service as wool auctioneer for Dalgety and Company, Melbourne, is optimistic about the future of the wool industry. v, “The first prices to rise when the depression ends,” he said, “will he ‘ those of wool, for no other primary ;. industry responds more quickly to general trade improvement. I re- t member the days of wool sales when we could not geb a bid at lid or 2d . for the lower grade crossbreds, and the slump of 1907-8, when good Mallee and Wimmera wool, which we t bought for Is here, realised a top J price of only 6|d in London. A year -j later wool was back to normal and j the industry was again booming. K j may take longer this time, but prices j are improving already.” , I Mr Frehan claims to have sold | more produce, such as sheepskins, | wool, furred skins, hides, and talloff | than any other auctioneer in Aus- 1 tralia. His record for a season was j 1926-27, when he sold wool worth | £1,900,000 for Dalgety’s. I