LONDON WOOL REPORT.
Sales opened on the 80 th April, and closed on the 3rd June. Total bales catalogued 928,112. A decline of Id to ljd was established at the opening sales, but waa soon recovered, and the sales continued to the end at advanced prices. Foreign buyers took the lead throughout. Had they only made their usual purchases, and competition been left to the home trade, a serious decline in prices would have been the result. It if anticipated that good prices will be realised at the July sales ; but it is thought that buyers of wool in Australia pay absurd prices, leaving no margir for risk or profit. Next sales commence on th< • 16th July.
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Bibliographic details
Wellington Independent, Volume XVIII, Issue 1910, 22 August 1863, Page 3
Word Count
117LONDON WOOL REPORT. Wellington Independent, Volume XVIII, Issue 1910, 22 August 1863, Page 3
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