First wool sale
The first wool sale of the new season in Canterbury yesterday was not the most reassuring start. Prices were not bad — they w'ere in line with those ruling at the close of last season, and not very different from prices a year ago. But the Wool Marketing Corporation made the market. The corporation bid on almost 80 per cent of the offering, and ended with about 38 per cent of the wool passed to it. It could W’ell be the main buyer if. as expected, most growers elect to take the corporation’s offers. For fleece wool, in particular, the corporation seemed to be out in front of the trade, which took up little fleece. There are hopes that before the season has gone far buyers will be able to lift their sights closer to corporation levels. There seems to be little doubt that wool is still w'anted. The start of a new season often involves a settling-in period. Judging from the corporation's offers and limited trade dealings. most fleece is still selling for about 200 c to 250 c. (Report of sale, Page 18)
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19770824.2.12
Bibliographic details
Press, 24 August 1977, Page 1
Word Count
187First wool sale Press, 24 August 1977, Page 1
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in