COMMERCE AND FINANCE
LONDON WOOL SALES THIRD SERIES CONCLUDED Rec. 8 p.m. LONDON, June 5. The final sales of wool in the third series were held to-day with offerings totalling 16,889 bales, of which 16,031 were sold. New Zealand submitted 8432 and Australia 7200 bales. Home trade and European competition was well maintained and a moderate selection was well cleared. Throughout the series, a total of 140,000 bales was offered, of whLh 133,000 were sold. The Home trade bought 78,000, the Continent 51,000 and America 7000. The market generally was very firm and competition keen. Compared with the closing prices of the second series, Merinos were from 15 to 25 per cent, higher and others from 10 to 15 per cent, higher.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19480607.2.127
Bibliographic details
Otago Daily Times, Issue 26791, 7 June 1948, Page 7
Word Count
122COMMERCE AND FINANCE Otago Daily Times, Issue 26791, 7 June 1948, Page 7
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. 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 Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.