AUCKLAND SALE,
AUCKLAND, February 20. The third sale of wool tor the season was ■ held to-day. There Avas a full attendance of buyers. Prices showed a decline upon the rates realised at. the former sales this season, the London market having receded in the in- . terim. Some holders of wool had not, how- ' ever, realised that the market was weaker, and in. consequence had put reserves that practit cally prohibited business being done. Others present at the sale accepted the situation, and decided to take the prices offered. On the average, the wool offered was not of such 1 good quality as on former occasions, a not unusual feature of late sales in the season. On the average there appeared to be a decline . of from f d to Id per lb in the value of wool ' generally. Crossbred sold from 5d to 7id ; Inmbs' wool, 4Jd to 6£d ; halfbred, 6>kl to B£d. Bidding was spirited for really good lines. Mr Buckland sold 250 bales, and the Loan and Mercantile Company 844 bales.
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Bibliographic details
Otago Witness, Issue 2400, 1 March 1900, Page 16
Word Count
173AUCKLAND SALE, Otago Witness, Issue 2400, 1 March 1900, Page 16
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