LATE COMMERCIAL

Evening Post, Volume CXVI, Issue 144, 15 December 1933, Page 11

LATE COMMERCIAL

SYDNEY WOOL SALES

BEST OMEN FOR YEARS

United Press As?oclatlon-^By. .Electric Telegraph—Copyright. (Received December 15, 1.30 p.m.) SYDNEY, This Day. The half-year's wool sales resulted in 637,348 bales of wool - being sold for £12,000,026, or an average o£ £18 16s 6d per bale. The sales closed with prices at the higlrest point of the season. ■ The "Sydney Morning Herald" remarks that average prices a year ago were £10 18s 4d per bale, or 8.3d per pound. Experts are of the opinion that the present buoyancy will be maintained next year, though it must be remembered that the depreciated currency plays a part in the high prices obtaining. It is the" best omen for growers and the public that has been known for. years, It will be possible to improve stations and flocks, with consequent benefits later on. Values of-sheep are practically doubled, and there is- some improvement in the demand for land. Average prices current in Sydney are:— Greasy extra' super • merino fleece 37% d, grasy merino fleece; best, 24d to 26d, good 22d to 23d, average 19d to 21d; eStra super merino light in seed, best, 21d to 22d, good 19d td^Od, average 17d to 18d; burry, best, 18% dto 19% d, average 16%' dto 17% d, inferior 13d to 15^d; broken and first pieces, best 23% d, good 19d to 20d, average 17d to 19d. ' Lambs, best to 28% d, comebacks best to 26%0\ crossbreds best ■to 25;l^d.