WOOL TRADE.

Auckland Star, Volume LXVII, Issue 273, 17 November 1936, Page 4

WOOL TRADE.

RISING TENDENCY. MELBOURNE PRICES HIGHER. I (Received 10 a.m.) ! MELBOURNE, this day. s ; A lii-ing tendency was disclosed at the . wool sale?, when 11,300 bales were sub- [ mitted. There was spirited bidding for I every lot. Compared with last Melbourne r sales, well-grown Merinos and comebacks were 5 per cent higher, others a shade I dearer. Top price was 23d. [ i Some excitement was. caused by persist- , . cut .rumours that Japan intends a resuinpj tion of operations in a day or two, but ! experts do not consider that there will be ji a resumption till after Christmas. It is . ; believed that Japan has bought sufficient ' I raw wool for mill requirements from South 51 America and Africa. 5 BRADFORD WAITING. i (Received 11.30 a.m.) LONDON, November 16. ! Bradford is quieter but firm. Top- . makers" are avoiding commitments, pend- ■ ing opening of the London wool sales. t| THE SYDNEY SALES. i I JI SYDNEY, November 16. At the wool sales 12.725 bales were 1 offered and 11,737 sold, 1996 privately. ■» The market was very firm at the closing I rates of last week for all descriptions. I Competition was keen and general. Greasy j Merino made up to 30Vid per lb. The i ; average price last week was £21 IS/10 a I bale, or 16.9 d per lb.