THE WOOL TRADE.

Auckland Star, Volume LXIV, Issue 16, 20 January 1933, Page 4

THE WOOL TRADE.

NEW SOUTH WALES CLIP. SYDNEY, January 3. The Sydney wool market closed before Christmas under excellent competition. A welcome increase in strength came from Yorkshire. Germany, Italy and Belgium competed freely, Japan bought with greater freedom, and France was very keen. Good orders for super-Merino fleece wools were noticeable from America. The well-distributed demand from overseas operators at the close of a heavy half-year's selling is regarded as encouraging, particularly as for some weeks auctions were proceeding simultaneously in London. With catalogues containing a good number of high-class wools averaging approximately B%d in Australian currency, and in the of half that figure on a gold basis, wool is undoubteulv cheap, and woollen apparel has been brought within the reSch of the mass of the people; otherwise the clips Wouldubt have been absorbed. The encouragement lies in the fact that there is evidently an expansion of the market/ It is considered that in view of the economic position rates for wool can be regarded as having displayed steadiness, although the rise to the peak point in mid-September was not maintained. In most cases the variation •was only a shade over 10 per cent.