WHEH WOOL IS SOLD
WHO SETS THE VALUES?
LONDON OR AUSTRALIA?
BIG BRITISH BUYERS BEATEN.
"The amount of good wools going to London is negligible," said a wellinformed observer of to-day's wool sale. "London is in danger of becoming a second-hand market." He adds that sales in the countries of production had become so important that they were setting the prices, and were no longer ruled by London ideas of values. Tho Wellington sale to-day showed an appreciation, and took no heed of the 5 per cent, drop at the London Novem-ber-December sales as, compared with the London September-October sales. As a result some of the big British buyers operating on British - limits wero repeatedly beaten at to-day's sale by smaller buyers, and would be obliged to havo some chats by cable with their principals. They had fallen short of the competitive level set by the world's buyers at sales in tho country of production. Australian sale prices weighed more in the wool world to-day than London sale prices.
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Bibliographic details
Evening Post, Volume CXII, Issue 136, 6 December 1926, Page 10
Word Count
169WHEH WOOL IS SOLD Evening Post, Volume CXII, Issue 136, 6 December 1926, Page 10
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