AUSTRALIAN WOOL SALES

Press, Volume XCIX, Issue 29102, 14 January 1960, Page 14

AUSTRALIAN WOOL SALES

Slight Easing At Sydney Press Association —Copyright) SYDNEY. January 11. At the opening of the first Sydney wool sale of the second half of the 1959-60 selling season, keen competition was forthcoming from Japan, the Continent. Eastern Europe, and Britain. „ , . . . Values for Merino fleece and skirting compared with Brisbane’s closing rate last December, ruled from par to 21 per cent, lower, with broader qualities most affected. Comebacks and crossbreds showed a similar decline from closing preChristmas levels. The offering comprised many wellgrown wools, mostly free or nearly free. Approximately 3650 bales of crossbreds and comebacks were offered. the standard being slightly inferior in style to December catalogues

Clips were mainly of average wools drawn from southern and central districts in the crossbred sections. Of the 16,389 bales offered. 15.938 were cleared. Crossbred prices were: good, 60s, 75jd. Geelong Increased competition by leading overseas and Australian buyers for fleece and skirting was evident on the second day of the current Geelong wool sales on January 13. A feature was the strong demand for coarse crossbreds. The market remained fully firm on yesterday’s quotations, with a possible slight change in sellers’ favour. The Geelong W’oolbrokers' Association announced a 98 per cent, clearance of the 19.000 bales on offer. Crossbred prices were:— Super, 56’s. 77d. Good to super. 56’s. 75d. Good 50’s, 69d.

The West Australian Wool Produce Brokers' Association reported a 98 per cent, clearance of the 14,000 bales offered, with Eastern Europe and the Continent the chief buyers. Australian mills and Japan gave good support.

The offering comprised mainly good to best topmaking types, well grown and in good condition. Today's top price was 80d for five bales of super 64’s.