SOUTH AFRICAN WOOL
RECENT REALISATIONS, COMPARISON WITH NEW ZEALAND PRICES. (By Telegraph—Press Association.) WELLINGTON, This Day. A Press Association message published a week ago stated: "At the South African wool sales 64's averaged 33Jd a lb. Competition was very keen with England and France the principal buyers." The Minister of Marketnig. Mr Nash, has now received the following cablegram from Hie High Commissioner. London, in reply to his inquiry about the above statement: —“South Africa price clean basis not greasy Average price realised greasy this season to end of March llj’d, and month of March average Hid. Informed 64's yield 45 to 55 per cent.'" The Minister stated that these prices are quoted in sterling, and the equivalent in New Zealand currency would be from 14 Id to 14 : ,'d. As the bulk of South African wool is fine Merino (94 per cent as against 2 per cent in New Zealand) the New Zealand overall price of 12',d a lb for mainly crossbred wool compares very favourably with Hie South African realisations on an open market in which all countries were competing.
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Wairarapa Times-Age, 30 April 1940, Page 4
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182SOUTH AFRICAN WOOL Wairarapa Times-Age, 30 April 1940, Page 4
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