WOOL TRADE.

Auckland Star, Volume LXV, Issue 234, 3 October 1934, Page 4

WOOL TRADE.

GOOD SALE AT BRISBANE. BRISBANE, October 1. At the -wool sales values were either firm or 5 per cent higher than closing rates in Sydney Inst week. There was a good clearance of 8039 bales offered, and the day's realisation was about £100,000. IMPROVEMENT AT BRADFORD. LONDON, October 1. At Bradford a substantial amount of covering business haa been done at improved prices. At the wool salee 7184 bales were offered, including 3713 New Zealand. About 6655 bales of Australian and New Zealand were sold. A firm tone was sustained, with home and Continental competition at full rates. New Zealand greasy crossbred, Mohakilino, top price 9%d, average 7%d; greasy halfbrcd, Ngaio Downs, 10% d and lOd. ARGENTINA'S CARRY-OVER. NEW YORK, September 30. The Buenos Ayree correspondent of the "New York Times" states that Argentina's wool year closed to-day with the largest carry-over for many years. A stock of 5,700,0001b of unsold wool was offered on the floor of the central market at Avellaneda, compared with 390,0001b at the end of last season. Exports totalled 21% per cent lees than those of the previous season. The United States took only 20,637 bales, compared with 47,988 in the previous season. Britain and Japan were the only markets which increased their purchases, the former taking 107,000 hales, and the latter 11,286.