WOOL MARKET

Gisborne Times, Volume LXXI, Issue 11327, 3 October 1930, Page 2

WOOL MARKET

EXPERT NOT IMPRESSED WITH BULK PURCHASE SCITE AI.-E. STUMBLING BLOCK IN PRICK l-ACTuR. (TT.P.A. by Elec. Tel. Copyright) LONDON, .Oct. t. Air. Whitaker, president oi Tlin British Wool Fedoratioii, interviewed. said liie (Suggestion lor the bulk purchase of wool was more political than practical. The diiti.ill ties of adopting such a scheme on sound lines appeared to increase as they were more closely examined. Ihe first stumbling block was the price lactor. The British Government, would not take any steps without consulting the consuming interests, and as approaches had not boon made it appeared that- the subject- was not regarded as a serious proposition. LONDON SALES. N.Z CLIPS A!LET WITH FAIR GOAL PETITION. (U.P.A by Elec. Tel. Copyright) LONDON, Oct. 1.

At the wool sales 11,890 bales were offered ,including 393 of New- South Wales, 517 of South Australian, LB6 of West Australian, 2370 of Queensland. 799 of Victorian, 63 of Tasmanian, and 6013 ot New Zealand, ot which approximately 7110 hales were sold.

There was a moderate selection ot greasy merinos, tlie principal feature being West Australian clip wools, and a, good catering of scoured. All New Zealand sorts ii'iet with fair competition, prices being unchanged. Large withdrawals were chiefly due tn high limits-. Queensland greasy combing, Amby Downs, made IURI (highest) and 11 Id (average); scoured, Marathon, z;d and 23!.d ; Now Zealand greasy crossbred. Otniri. 10Jd : and 9d ; haltered slipe lambs, Waitaki Pukeuri, llid.

DUNEDIN SUPPLTiM KNTAR Y SALE. DISAPPOINTING PRICES. (Press Association.) DUNEDJNj Oct., 2. There was poor competition for a supplementary wool sale hold yesterday, with many passings. A total of 1400 bales was offered . Local buyers provided the bulk of tho competition. Fleece wool showed a drop lrom the Julv sales of I’d to 2d per lb, while for’pieces and criitchdigs the decline was 2d to 3d.