FINANCE AND COMMERCE
WOOL HIGHER IN WELLINGTON
LAMB SCHEDULE REDUCED
! There was a distinct improvement in wool prices at the first Wellington wool sale of the season yesterday, when bidding, particularly from France and Germany, was determined. The sale was keen throughout at the lower levels, and growers met the market well. The allocation for the sale was 30,000 bales, but withdrawals brought the offering finally submitted down to 19,500 bales. There was a sharp fall of up to 3s a head in the price of lambs at the Addington market yesterday. The export schedule has been reduced to 81d for firsts, and this had its effect on the sale. The better feed prospects and the improvement in wool induced a better tone in the store sheep sale, and ewes and lambs rose by fully a shilling a head. Cattle were cheaper, but fat sheep held last week’s rates. Exporters bought ewes fairly freely. The Christchurch Stock Exchange yesterday was erratic, with a reduced volume of business. The markets in Sydney and Melbourne were very steady.
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Bibliographic details
Press, Volume LXXIII, Issue 22271, 9 December 1937, Page 13
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176FINANCE AND COMMERCE Press, Volume LXXIII, Issue 22271, 9 December 1937, Page 13
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