WOOL MARKET

Gisborne Times, Volume LXXIII, Issue 11538, 15 January 1932, Page 2

WOOL MARKET

BETTER YEAR FORECAST

YORKSHIRE PESSIMISM BEING DISPELLED.

(U.P.A. by Elec. Tol- Copyright.! LONDON, Jan. 13.

Commenting on the outlook at the London wool sales, Messrs. 11, Dawson and Company forecast a. better year, and declare that the combing mills will have difficulty in meeting the demand for fine tops. There aro indications of further orders for hosiery and dross goods yarns,in tho near future. The long spell of Yorkshire pessimism is being gradually dispelled and the old idea that prosperity comes from cheapness has been exploded. Bradford feels that it has passed the barren patch of losses in adequate margins for tho necessity of playing for falling markets.

At yesterday’s wool sales approximately 5100 bales were sokl. New Zealand greasy crossbred clips sold were:—

Allieslerhope, 9id (highest) and G£ (average); Bb, 9Jd and 7d. Of the scoured wool, the Waterpark clip realised 14Jd and 14’cl. At tho wool sales to-day competition was active from both Yorkshire and the Continent, and the offerings were well cleared at the full opening rates. New Zealand half bred slipes, Eclipse, sold at lid., highest; and IOId, average.

SECOND SALE AT AUCKLAND

CATALOGUE 25,000 BALES

The second wool sale of the season in Auckland is to open in the Town Hall concert chamber at 9 o’clock next Tuesday morning, wjien a catalogue of 25,000 bales Will ' he' submitted by the various brokers. This is the limit fixed by the cNew‘- Zealand Wool Committee, and-,the quantify mentioned slas already been entered for sale. ~ • Latest information concerning the. London and Bradford wool. markets suggests that next week’s returnA may be rather .better tfian ..wpre obtained at the' first .s^le...of the. season. At the same time,' it> should he- emphasised that so far the improved demand noticeable from ' the: cables has been centred mostly on fine wools, of which only a small ..portion is found in local catalogues. —Star. SYDNEY~WOOL SALES. GJ.P.A. by Elec. TeT. Coorright.) SYDNEY, Jan. 14(At the . wool sales 10,391 bales .were offered and 10,030 were sold; also 383 were disposed of ‘privately. The . market closed under brisk’ '.competition from Japanese and Continental buyers, with fair support frbjn Yorkshire and the United States. Prices continued firm with hardening tendency, Greasy merino made to 19d,