Wool Prices Easier at Dunedin
j DUNEDIN, August 23. The only effect that the alterations of the exchange rate had when the first wool sale of the season—crutchings—was held to-day in Burns Hall was that British buyers allowed for the change in their bids. Prices were, however, slightly easier than at Timaru. Unlike last year when the first sale was held later and developed into a wool sale of fair proportions, crutchings formed the major part of the auction, there being practically no fleece forward. The offering of 6289 bales included 473 on account of the New Zealand Wool Disposal Commission. At last year’s sale 13,000 bales were offered. There was almost a full bench of buyers, and the Wool Disposal Commission was also represented, but the latter organisation was not putting up any bids. The crutchings opened up in good condition after a very favourable season. and the quality was on a par with last year’s, but more lots were passed in than usual.
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Bibliographic details
Grey River Argus, 24 August 1948, Page 7
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165Wool Prices Easier at Dunedin Grey River Argus, 24 August 1948, Page 7
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