WOOL FIRM IN SYDNEY

Press, Volume CIV, Issue 30678, 18 February 1965, Page 17

WOOL FIRM IN SYDNEY

Third Day Of Sale (N.Z. Press Assn.—Copyright) SYDNEY, February 17. On the third day of the Sydney wool sale, series No. 12, there was strong general competition, the principal operators being the Continent, Japan and Eastern Europe, with good support from Britain and, at times, Australian mills, the official report said. Values, when compared with the previous day, were in sellers’ favour for Merino fleece of finer quality, while all other descriptions of Merino fleece and skirtings ruled fully firm. Keen Demand Comebacks, crossbreds, and carding wools also met a keen demand, and rates for these were well maintained at late rates. Spinning quality ranged mainly from medium-broad to medium-fine, with a small percentage of the finer types, and for the most part free from or carrying only light vegetable fault Prices were: good 56’s, crossbreds, 64|d; good average 50’s, 63d.

Mt. Isa Assets Sold (N.Z. Press Assn.—Copyright) BRISBANE, February 17*. The over-all sale of Northstate Ten Pin Bowling Ltd.’s Mount Isa assets will realise about £90,000, the chairman (Mr C. A. Edwards) said yesterday. He' told a special general meeting that Samuel Allen and Sons, Ltd., had offered £56,000 cash for the land and buildings at Mount Isa. Mr Edwards said that after the sale of equipment the long-term debt to Elacklock Industries Pty., Ltd., should be eliminated and. the liquidity position greatly improved.