PROSPECTS FOR WOOL

Ashburton Guardian, Volume 53, Issue 285, 13 September 1933, Page 5

PROSPECTS FOR WOOL

MAINTENANCE OF PRICES. THE REAL TEST NEXT TUESDAY. YORKSHIRE VIEW OF SALES. (United Press Association—Copyright) (Received This Day, 10.35 a.m.) LONDON, September 12. The "Yorkshire Observer" says that the real test of wool values will come at the opening of the London wool sales next Tuesday. It is confidently predicted that prices will- follow those in Australia. Apparently there is no surplus of the finer qualities of raw material. Traders on the Bradford market feel that lower prices are improbable before the end of 1933, ono believing that if consumption is maintained at the present high level values will contiuue well into 1934. The total available for next week's sales is 189,000 bales, including new arrivals of Australian 47,600, and New Zealand 74,700. It is expected that about 175,000 will be catalogued.

PRICES AT BRISBANE SALES.

(Received This Day, 10.30 a.m.) BRISBANE, This Day

It is generally agreed that the opening sales rates were maintained at the wool sales yesterday. The offering of 12,369 bales was practically cleared with keen competition. The Japanese, who held off on the first day, were active. Bradford, French and German buyers also bid vigorously. Highest prices were for! greasy, 21Jd for scoured and 33d for 14 and 5 bales respectively.