LONDON WOOL SALES
A FAILURE GOVERNMENT RESERVES TOO HIGH 'By Electric Telegraph-Copyright; (Australian & N.Z. Cable Association) LONDON, Jan. 11. At tlie wool sales 10,131 bales were offered, including 1356 New Zealand. There was a large of Homo, Continental, and United States buyers. The sale was a failure owing to the Government reserves being far above buvers’ ideas and world values. Under 20 per cent sold, generally at prices on a par with December closing rates. Sir William Raynor, President of the Buyers’ Association, publicly protested against offering the wools without any'attempt to meet the market. Ho domandde either that the sales be stopped or sellers meet the market. About 3000 bales of free Puntas wool from tho Falkland Islands were offered and met good competition, Seventy-five per cent was sold at about December rates, sellers meeting the market when necessary
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https://paperspast.natlib.govt.nz/newspapers/NEM19210113.2.33
Bibliographic details
Nelson Evening Mail, Volume LIV, 13 January 1921, Page 5
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140LONDON WOOL SALES Nelson Evening Mail, Volume LIV, 13 January 1921, Page 5
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