WOOL MARKET
! higher prices reflect j RETURNING CONFIDENCE ' | ■ : s CROSSBREDS maintain INITIAL ADVANCE. \- NEW .BUSINESS OFFERING. (U.P.A. by Eleo. Tel Copyright! LONDON, May 14. Tho Australian Wool Council’s representative, Mr. -W. P. Devereux, reports that signs of returning' con•Jidenc'o were <reflccted in higher prices at most centres. Since the opening of the London sales, merinos and fine crossbreds have fully maintained the initial advance, with a hardening tendency. A -fair amount of new business Is offering some transactions at full market rates, and with medium and low. crossbred tops slightly ; against -buyers. There is some Inquiry on Continental account. Merino and crossbred yarn prices slightly improved. The position on the Continent is unchanged, and the Continental futures markets are quiet, but slightly- dearer.
AUSTRALIA’S CLIP
VALUES SLIGHTLY HIGHER THAN LAST YEAR. 'U.P.A. b.V Klee To!. Copyright SYDNEY, May 15. Australian wool gold between July, 1932, and April 1933, (totaled 2.565,635 bales and realised £30,060,192. The average value- per bale was £ll 4s or B.Bd per lb., compared with £ll 4s 2d per bale to the same date the year before.
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Bibliographic details
Gisborne Times, Volume LXXIII, Issue 11945, 16 May 1933, Page 5
Word Count
180WOOL MARKET Gisborne Times, Volume LXXIII, Issue 11945, 16 May 1933, Page 5
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