THE LONDON WOOL SALES.
(Peb Press association..) London, November 27.
Before the wool sales commenced to-day buyertfhelcl a meeting, when it was resolved to leave the room if tbe wool brokers insisted on farthing bids. The importers' committee met ' afterwards and insisted on farthing bids being received for wool up to 10d' in value. On the decision being announced the majority of buyers left their seats» but remained in the room. The auctioneer attempted to sell, bufc very few bids were received. Ultimately he was compelled to discontinue the sale in consequence of the yelling, hissing, and singing indulged in by some of those present. Further meetings are to be held to-morrow to decide what course shall be taken with respect to bids. The number of bales available is 157,000, including the cargo of the Balmoral Castle.
November 28.
Foreign buyers strongly oppose farthing bids at wool auctions. The Times suggests that' farthing bids should be limited to 9d, and in referring to the scene at the wool sales yesterday strongly condemns the action of a section of buyers in turning them into a bear garden.
The New Zealand Loan and Mercantile Agency Company (Limited) have received the following telegram from their London office, dated 27th inst. : — "The sales comprise about 148,000 bales, and have been postponed till tomorrow rt farthing bids. Twenty thousand bales have been sent to the manufacturing districts direct."
THE LONDON WOOL SALES.
Otago Witness, Issue 1932, 30 November 1888, Page 22
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