Wool Prices Easier At Dunedin Sale
DUNEDIN, Mon. (P.A>— The only effect the alteration of the exchange rate had when the first wool sale of the season—a crutchings auction—wis held today was that British buyers allowed for a 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, crutc'iings formed the major part of the auction, there being practically no fleece. The forward 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 an almost full bench of buyers, arid the Wool Disposal Commission was also represented, but the latter organisation was not putting up any bids.
Crutchings opened up in good condition after a very favourable season, and quality was on a par with last year’s, but more lots were passed in than usual. 1
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Bibliographic details
Northern Advocate, 24 August 1948, Page 2
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162Wool Prices Easier At Dunedin Sale Northern Advocate, 24 August 1948, Page 2
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