WOOL PRICES

Evening Star, Issue 21820, 8 September 1934, Page 13

WOOL PRICES

THE SYDNEY SALES RESTRICTED CONTINENTAL INQUIRY Press Association—By Telegraph—Copyright SYDNEY, September 8. - (Received September 8, at 9 a.m.) The weekly wool letter in the ‘ Sydney Morning Herald ’ says: “ The opening of the Sydney auctions produced mixed feelings owing to the decline of 20 per cent, in good wools, 20 to 25 per cent, in average to inferior, and 30 per cent, in very faulty. Satisfaction, however, is expressed that the decline was not greater considering that the Continental inquiry was so restricted, although it exhibited better strength towards the .end of the week. Japan, although she usually adopts a wait and see policy, is the most, consistent buying force this year, and from January to May last Japanese imports were 115,500,0001bs of wool. Yorkshire was also a bulky buyer, taking well-grown wools freely, but the - combined European demand was not so strong hero as at the Brisbane sales.

“ The week’s offerings totalled 33,291 bales, of which 75 per cent, was sold at auction, while the withdrawals consisted chiefly of very faulty wools. The week’s sales averaged approximately lOd per lb compared with 12.7 d per lb at the same stage last season, and 14d secured for the whole of September, 1933. On a clean scoured basis, on floor Sydney stores: 6470’s (spinner’s fleece), realised 27d; 64’s (spinner’s fleece), 25d; 64-70’s (average top-making fleece), 22d to 23d; 64’s (average top-making), 22d; good pieces, 19d; and good bellies, 18d.” ■ .