WOOL PRICES REVIEWED
Increase Of lid per lb In Year (New Zealand Press Association) WELLINGTON, December 18. Reviewing the wool sales frojn the opening of the season till the Christmas recess, the chairman of the Wool Commission, Mr G. A. Duncan, stated today that the over-all average price to date is approximately 45d a pound. This is a pound, or about £l5 a bale, higher than the average for last season for the same period. The quantity of all wool sold to date .at auctions in New Zealand and the United Kingdom, and privately, totals 605,000 bales and represents 37J per cent, of the total expected offerings of 1,613,000 bales. Production for the season is expected to be up on last season by about 4j per cent., or 70,000 bales. The main season opened with minor fluctuations in prices followed by a steady upward trend from mid-November. Although competition has been fairly widespread, the buying by some sections of the trade has been somewhat restribted through consumer resistance ,and also by the level of prices established through competition from Eastern Europe and China which has had an important influence on the pattern of prices.
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Press, Volume XCVIII, Issue 29082, 19 December 1959, Page 16
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194WOOL PRICES REVIEWED Press, Volume XCVIII, Issue 29082, 19 December 1959, Page 16
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