SYDNEY WOOL SALES

Press, Volume LXX, Issue 21323, 16 November 1934, Page 13

SYDNEY WOOL SALES

GOOD LINKS AGAIN IN BUYERS' FAVOUR OTHER DESCRIPTIONS FIRM (CULTED ri'KS l - - ASSOri.VniW—BY ELECTBIO TULEOBAI'U—COVYEIGUT.) (Received November 15, 10.55 p.m.) SYDNEY, November 15. At ihe wool sales, .11,229 bales were Offered, 9254 sold, and 2340 disposed Of privately. Good fleece and skirtings were again in buyers' favour. All other descriptions remained firm St the previous clay's rates. Greasy merino made 17id. REQUIREMENTS OF BRADFORD STANDARD OF DOMINION WOOL KEW ZEALANDEU'S COMMENT (riUSS AS3OCIATIO* TtLSGBAU.) WELLINGTON, November 15. Interesting observations on Bradford •wool requirements were made by Mr T. R. Smith, of Central Otago, on his arrival from England by the lonic. Mr Smith has been abroad for four and a half years, most of that time being spent in the Argentine. One tiling that struck a visitor to Bradford, said Mr Smith, was that New Zealand wool, owing to the predominance of Romncy strain in the North Island, was not finding such good favour with the comber, because the wool was becoming kempy and was generally lacking in condition. The fibre in many cases was changing. The Bradford manufacturers would prefer a predominance of Leicester and Border Leicester, instead of Romney. Bradford was very frightened of Japan, for Bradford could not compete with Japan in cheaper wools. Japan had captured the market for the cheap article, and if she continued as she was doing now it appeared that she would get more than her share of business in the better class of textiles. Argentine lamb was very popular in England, said Mr Smith. Quality and output were getting better each year. Much of the improvement had resulted from the introduction of the very best New Zealand sires into the big Argentine studs, both Lincoln and Ccrriedale. The New Zealand Lincoln was in a class on its own in the Argentine, and found very great favour with a man running an establishment for the dual purpose of sheep and wool. The English Lincoln was popular with the man who was going in for high production of wool.

SKIN SALE

DECLINE IN TRICES The Christchureh Woolbrokcrs' Association reports having held the usual weekly skin sale yesterday, when representative catalogues were offered to the usual bench of buyers. Prices were easier to the extent of id to id on dry skins and a corresponding decrease on green skins. The following is the range of values:— Sound. Faulty. Halfbred— d. d. d. Tlrree-quarter to full wool .. to B,'v 6to 7 Half wool .. to 5£ to 41 Short .. to 4 to 31 Three-quarterbred— Three-quarter to full wool .. to 4'. Half wool .. to 4 \ to 3', Short . . to 3 to 2f Crossbred— Three-quarter to full wool .. .to 4,[ to 3i Half wool .. to ui to 2' f Short .. to li Merino— Half wool ... lo 7 to fi'f Short .. to 61 to 5 Hoggets— Halfbred .. to 6i to 6 Tliree-quarlerbrcd Crossbred .. (o 5.1 lo 43 Pelts .. to li to !j Green Skins s. d. s. d. Halfbred .. 5 3 to 0 0 Three-quarterbred 4 0 to 5 5 Crossbred .. 2 9to 4 7 Hoggets .. 3 6to 4 9 Lamb skins .. 0 10 to 1 6 Pelts .. 0 4to 0 8 RAILWAY WORKING ACCOUNT I\"ET REVENUE OF £296,435 FOR OCTOBER PERIOD (PJIBSS ASSOCIATION TELIORAM.) WELLINGTON, November 15. The New Zealand Eniiways working account for the four-weekly period ended on October 13, 1934, is as under:--Net Section T!ev. Exp. Rev. Kaihu .. 2(il 512 *251 Gisbornc . . 1,334 1.834 *450 North Island main line and brandies .. 223,459 250,342 *23,883 South Island main line and brandies .. 149,937 184,532 *34,595 Westport .. 5,593 5.013 580 Nelson .. UG2 1,542 *BBO Pieton .. 1,413 2,521 *l,lOB Total railway operation 391,709 452,290 *60,587 Miscellaneous services .. 52,952 30,504 22,443 Total .. 444.C-il 482,800 '33,139 -IVT'-Lir;. The total revenue from April I to October 13, 1934, was £3,251,838. The total expenditure was £2,955,403, and the net revenue was £296,435. The totals for the corresponding period last year were revenue £3,049,003; expenditure £2,743,147; net revenue £300,450.