WOOL INDUSTRY.

Auckland Star, Volume LXI, Issue 65, 18 March 1930, Page 4

WOOL INDUSTRY.

SECOND SOUTHLAND SALE. keen demand at low prices. INVERCARGILL, Monday. At the second Southland wool sale to-night, a record catalogue of 16,000 bales was offered to practically a full bench of buyers. Bidding was keen throughout, but no variation in values compared with the first sale held at the end of January was apparent, nor- was there any appreciable difference from last week's prices at Dunedin. ' . . A great deal of competition came rrom Bradford, and Continental buyers operated occasionally, while local manufacturers and speculators appeared to be continually in the market. . Comparatively few lots were passed m, growers were apparently realising there was little chance of disposing of clips in the event of them being held over, as this is the last fixture of tue season in Southland.

SYDNEY SALES. SYDNEY, March 17. The Sydney wool sales were resumed to-day. The offerings totalled 8643 bales, of which 7783 were sold publicly and 555 privately. Fine wools were in strong demand at, late rates._ Flnece wools ot average quality met with keen competi" tion. . . In all sections prices were slightly in buyers' favour compared with the closing rates of the last Sydney auctions. Comebacks and crossbreds also ruled in buvers' favour. Greasy Merino sold to 22% d. QUEENSLAND FREIGHTS. BR'ISBANE, March 17. The Queensland Government has reduced railway freights on wool by 10. per cent in order to assist the industry.