WOOL TRADE.

Auckland Star, Volume LXVII, Issue 206, 1 September 1936, Page 3

WOOL TRADE.

SATISFACTORY OPENING. NO JAPANESE BUYERS. SYDNEY, August 31. The opening sales of the 1936-37 wool oiling season in Sydney were attended o-day by a record number of buyers. Japanese buyers were present, but did not iperate. The catalogues embraced a typical selecion of the new season's clip, chiefly from ivestern and north-western districts and he Riverina. The western wools were .veil grown and more robust than last ,-ear, whereas the north-western wools generally reflected the drought conditions, rhey were somewhat thinly grown and acking in length. The Riverina wools ivere liner but hardly as well grown. Interest in the sales was exceptionally widespread. Compared with the closing rates of last season in June the best descriptions were Ito 7V2 per cent higher and average to faulty descriptions 7% to 10 per cent higher. By comparison with last year's spelling saies best descriptions were from par to 5 per cent higher, average sorts were at par, antl inferior sorts were 5 per cent lower. . _ Competition came mainly from Yorkshire and Germany.. French, Belgian, and Swiss buyers also operated at the wool sales to-day. -If the excellent prices recorded continue, it is expected that the Commonwealth's wool cheque will be enhanced by £2,000,000. BRADFORD COMMENT. (Received 10 a.in.) LONDON, August 31. Bradford regards early reports from Sydney wool sales as satisfactory, values being on parity with recent local quotations for tops. _ The market is inclined to await the progress of the sales and consequently is quiet, prices being untested. Yarns are firm.