TREND IN WOOL.

Auckland Star, Volume LXIV, Issue 237, 7 October 1933, Page 9

TREND IN WOOL.

REGULAR BIDDING.

demand sustained.

Better Volume Of Sales Under

The Hammer.

WEEK'S BUSINESS IN SYDNEY.

(United P.A.—Electric Telegraph—Copyright)

(Received 10.30 a.m.)

SYDNEY, this day.

The weekly wool letter in the "Sydney Morning Herald" says that during the past week a more sustained demand has been noticeable at the Sydney sales. Though no quotable change has been seen in prices, a greater regularity in bidding has been shown by the better volume of sales effected under the hammer.

Of the 38,070 bales submitted, 91 per cent was sold at auction. Comebacks and crossbreds realised very buoyant figures. A number of the lots passed in carried owners' reserves in excess of the current market.

Strong Japanese and Continental competition was experienced. France showed slightly more activity than of late. Germany operated in good volume, and biddin" was also noticeable from Italy and Belgium. Yorkshire purchased appreciable weights of staple.

All classes of wool are still selling at figures far in advance of rates ruling at this time last year. Take for example the Gilead clip, the first of the new season's Monaro wool. The prices compare as follow for November, 1932, and October, 1933: Wethers, best lljd and 17jd respectively; others and 17d; ewes, best lljd and 17Jd; others, 10|d and 16d; broken, 9Ad and 14jd. The clip averaged £19 19/7 per bale or lojd per lb. , LONDON SALES.

ACTIVE COMPETITION. (Received 11 a.m.) LONDON, October G. At the wool sales 10,028 bales were offered, including 5G92 of New Zealand, and about 8420 were sold to active Yorkshire and Continental competition. Recent rates were maintained. Quotations were: Merinos, greasy, New South Wales 17M, Victorian 20d, West Australian 13Jd; scoured, Queensland 20Jd, South Australian 24d, New Zealand "Tekoa" 22d and 2 lid; slipe, half bred lambs, "Pareora," 16Jd and 12§d. The sales close on Wednesday.