WOOL PRICES

Feilding Star, Volume 9, Issue 3792, 9 August 1932, Page 4

WOOL PRICES

‘AVII.L RECOVER QUICKLY” WHY AN EXPERT THINKS SO Mr. John F. Feolinn. who has just retired after 41 years’ service as wool auctioneer for Ualgety and Co., Melbourne, is optimistic about the future of the wool industry. • The first prices to rise when the depression ends.” he said, “will he those of wool, for no other primary industry responds 11. ore quickly to general trade improvement. I remember the days of wool sales when we could not get a bid at lid or 2d for the lower grade crossbreds, and the stump of J 1)07-8, when good Malice and Wiinmefa wool, which we bought fix Is here, realised a top price of only <i 7-Sd in London; A year later wool was hack to normal and the industry was booming again, ft; may take longer this time, but prices are improving already.” Mr. Foelmn claims to have sold more produce, such as sheepskins, wool, furred skins, hides and tallow than any other auctioneer in Australia. llis record for a season was l!»21i-27. when lie sold wool worth £1,906,000 for Halegty's.,