SOUTH AFRICA’S WOOL SEASON

Press, Volume LXXXIX, Issue 27012, 11 April 1953, Page 10

SOUTH AFRICA’S WOOL SEASON

(N.Z.P.A .—Reuter—Copyright) CAPE TOWN, April 9. South Africa is having one of its best wool seasons, said Mr C. F. Bruce, in his presidential address to the South African Wool and Mohair Brokers’ Association in Durban. He warned that South African wool would have to face increasingly keen competition from synthetic fibres. Wool was also becoming too robust and losing its fineness. Mr Bruce said there had been a great increase in trade with Japan, and a marked decline in exports to the United States during the season. BRADFORD TOPS QUOTATIONS LONDON, April 9. Bradford tops quotations are as follows:—Merinos: 70's. 175 d per lb; 64’s, 160 d; 60’s. 144 d. Crossbreds: 56's, 99d; 50’s, 84d; 46’s, 83d. AUSTRALIAN STOCK EXCHANGES SYDNEY Price falls persisted over a wide range of shares in quiet trading on the Sydney Stock Exchange yesterday. Sales.—Commercial Bank of Sydney. £2O 15s; National Bank, 12s 6d paid, 18s 4lid; Bank of New South Wales. £37 2s 6d; Tooheys, 26s 6d; Tooths, 69s 6d; Australasian Paper, 18s; A.C.1., 41s 9d; 8.H.P., 41s; Burns Philp. 57s 6d; Drug Houses, 33s 6d: Dunlop. 28s 3d; Electrolytic Zinc, ex div., 265; Felt and Textiles, 25s 6d; G. J. Coles, 16s 9d; Wool worths, ex div., 16s 3d; North Broken Hill, 64s 6d; South Broken Hill, 53s 6d: Emperor-, 8s; Mount Morgan. 23s 6d; Queensland Insurance, 645; Associated News. 14s 3d; British Tobacco, ex div., 34s 3d; 1.C.1., 34s 3d; New Zealand Forest, 12s; Mount Lyell, 20s Hid. MELBOURNE The undertone of the investment section on the Melbourne Stock Exchange yesterday was easier, although most price variations were small. Sales.—Ampol, 8s Id; Australasian Paoer, 18s 3d; A.C.1., 425; 8.H.P.. 41s; Dunlop, 28s; Dunlop, pref.. 34s 9d; Electro. Zinc. 25s 9d: Felt and Textiles, 25s 6d; Hume Pipe, 41s; I-.C.1., 355; Broken Hill South. 52s 9d; New Broken Hill, 63s 9d; Emperor Mines, 8s; Mount Morgan, 23s 4d.