WOOL MARKET

Gisborne Times, Volume LXXI, Issue 11325, 1 October 1930, Page 2

WOOL MARKET

LONDON SALES*.

STEADY DEMAND FOli GREASIES.

i U.P.A bv Elec. Tol. Copyright) LONDON, .Sept. 29.

: At tlio wool slugs '10,829 bales were offered .including 993 bales of Now, Soutli Wales, 3120 bales of Queensland. 791 bales of Victorian and West Australian, and’ 733 bales of New’ Zealand, of which approximately 5200 bales were sold. There was a large-offering of greasy- scoured merinos, principally new clip topmaking' sorts, i: vA 'steady demand was j shown for greasios, but scoureds wore rather neglected- Prices were 3 unchanged for greasy combings. ; • • West Australian, AVallal-, Downs, ■ iuado from lid to lOJd; Queensland, Parcaldine, 14} d to 13d; Northamp- ■ ton, 121 d to lid; ‘Ayrshire Downs 12d to 11 Jd; scoured. Mildura. 20d U> I9Ad ; New Zealand greasy crossbred, "92d to 9d. BRADFORD PRICES EASIER. > (U.P.A. bv Eloc.c Tel. Copyright) LONDON, Sept. 29. At Bradford, prices arc a shade easier all round. WOOL STOCKS ON CONTINENT NOT LIKELY - TO DEPRESS PRICES RATIONING SYSTEM ON TRIAL DOES WORLD WANT AUSTRALIAN CLIPS? UP. A. by Elec. Tel. Copyright) LONDON, Sept. 29. The Hon. P. Moloney, Federal Minister of Markets ■ and' transport, conferred with Mr Deycreaux, who toured‘-the Continent, including France, Belgium,’ and .Germany, and found * nothing to lead him to believe that stocks of wool wero likely to bo a factor in depressing prices. Air Moloney' 1 ' says recent reports of sales tronr Australia do not appear in anywise satisfactory. Tlio present system of rationing the market was on trial. A question naturally arose as to wheLher the world wanted Australian wool. If so, it. was clear that Australia could not continue to sell at prices below the cost of production. He was watching dm whole position very closely. Mr Moloney also conferred with Sir josiah Crosby, Consul-General at Batavia, who expressed the opinion that Australia’s trade with tlio Dutch East Indies was capable of expansion. He undertook on liis return to do all ho could in this direction. He urged that tlio present position justified the presence of an Australian trade representative in Java.’ FIRST BRISBANE SALE (U.P.A. bv Floe Tel. Copyright) BRISBANE., Sept. 30-

At tlio first wool 'sale of the 1939,‘JI series elosiug rates wore very firm compared with the Sydney market.