WOOL PRICES
THE SYDNEY SALES COMPARISON WITH A YEAR AGO Press Association —By Telegraph—Copyright. SYDNEY, January 20. (Received January 21, at 9 a.m.) The weekly wool letter in the ‘ Sydney Morning Herald ’ says: The competition showed a healthy distribution at this week’s .auctions, despite the small decrease in prices. This denotes a generally confident outlook. .The week’s offerings totalled 47,846 bales, 91 per cent, being sold at auction. Averages of 23d to 24d per lb were often recorded for the free and finer quality clips. The catalogues consisted mainly of attractive wools, and which averaged in. the vicinity of 20id. Skirtings of all kinds were in keen demand due to the rising prices. A comparison of the' prices for greasy skirtings a year ago and to-day is as follows: January, 1933, good to best, lOd to 14d; inferior, to average bellies, 3d to 9dj good to best, 7d to lOd; inferior to average locks, 3d to 6d; good to best, 4d to 6d, January, 1934—20 d to 28Jd, 12d to 19d, 16d to 22Jd, lid to 15d, and 10id to 15d respectively. Naturally growers do not welcome the easier trend evidenced at the opening of the London sales on Tuesday, but the check to advancing prices is not illplaced from the viewpoint of market welfare, for if wool values outpace the public’s purchasing power confidence will soon be displaced by nervousness.
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Bibliographic details
Evening Star, Issue 21624, 20 January 1934, Page 13
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231WOOL PRICES Evening Star, Issue 21624, 20 January 1934, Page 13
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