INVERCARGILL WOOL SALE.
A DROP IN PRICES.
fcr ra-KciurH. —press association.] Invekcargiix, Friday. The last wool sale of the local series today was poorlv attended. There was a small catalogue'of 4000 bales, many of which were, passed in. The New Zealand mills were represented, but (hero was no direct American competition. There, was not a good selection offered, and prices showed a drop of -id to id all round. Tho bulk of the wool sold was bought by Bradford buyers. The prices, however, were not on a trade basis, purchases being made really tor speculative purposes on the chances of i! demand later on from America. The latest advices from the Continent indicate that the wool there is down. Buyers state that laboir troubles have knocked the bottom out of the market, and in view of continued strikes it is stated that the final sale at Wellington is likely to be seriously affected.
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New Zealand Herald, Volume XLIX, Issue 14925, 24 February 1912, Page 7
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153INVERCARGILL WOOL SALE. New Zealand Herald, Volume XLIX, Issue 14925, 24 February 1912, Page 7
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