DROP IN SHEEPSKINS.
THE FIRST " FREE" SALE.
PRICES FALL HEAVILY.
WORSE. THAN EXPECTATIONS-
[Br TELEGRAPH. —PRESS ASSOCIATION.]
CHRISTCHURCH. Thursday.
Die first auction sale of sheepskins since February. 1917. when the Government requisitioned all sheepskins, was held to-day. The catalogue totalled 20.054 skins. In consequence of the heavy decline in wool values at Monday's sale, and also of the fact that there had been a drop in the Australian value of sheepskins, it was fully expected that there would be a substantia], drop from commandeer values. But even taking these facts into consideration, the prices obtained to-day were, generally speaking, below the "expectations of sellers. However, more than three-fourths of the skins offered were sold. The following comparative range of prices is per pound, and gives an indication of the extent of the decline in prices to-day : — Requisition Auction prices Values. To-cUy. Super Merino . . V2\ 9 Faulty Merino . . 101 7 Sound 1-bred . . .11 -i Faulty j-bred .. ..11 6 Sound J-bred . . . . 135 5: Faulty S-bred .. IC-J 4' Sound crossbred . . Hi 41 Faulty crossbred . . 10 34 Pelts 6i 2 Faulty pelts .... 5 1
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19201119.2.75
Bibliographic details
New Zealand Herald, Volume LVII, Issue 17632, 19 November 1920, Page 7
Word Count
180DROP IN SHEEPSKINS. New Zealand Herald, Volume LVII, Issue 17632, 19 November 1920, Page 7
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.