UPWARD TREND
AUCKLAND WOOL SALES
BOTTOM PRICES REACHED
(By Telegraph.—Press Association.) AUCKLAND, This Day. A catalogue of 22,798 bales is' being offered for the second wool sale to-day. The indication is that the bottom has been reached in prices, and that now there is a definite upward trend. The new exchange rate was reflected at to-day's bidding,.and up to &7 per bale is expected throughput. The clip is in good condition,' and there is keen competition. Germany is particularly active for bpth coarse and fine wool, and the French are prominent. Japan was bidding freely for the higher grades. Bradford worked closer to reserves. Brokers had a strenuous time adjusting limits to suit altered conditions. A good clearance was effected, and it is expected that over 90 per cent, will be cleared. . ' ; .
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https://paperspast.natlib.govt.nz/newspapers/EP19330120.2.144
Bibliographic details
Evening Post, Volume CXV, Issue 16, 20 January 1933, Page 9
Word Count
132UPWARD TREND Evening Post, Volume CXV, Issue 16, 20 January 1933, Page 9
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