Further Advance at Sydney Wool Sales

Horowhenua Chronicle, 6 September 1932, Page 2

Further Advance at Sydney Wool Sales

IMPEOVED JAPANESE ACTIVITY Received Monday, 10.50 p.m. SYDNEY, Sept. 5. At the Sydney wool sales 13,999 hales were offered and 13,507 were sold, while 2629 bales were disposed of privately. The best features cf the opening sales were reproduced to-day. There was keen general competition, with hnptoved Japanese activity. Prices frequently showed an advance of 5 per cent, on the closing rates of last week. Greasy merino sold at up to 15}d. The average price of the wool sold in Sydney last week was £lO 17/4 per bale.

Trade in Optimistic Mood PRICES ALL ROUND DEARER ~ LONDON, Sept. 4. Mr. W. R. Devereux, representative for Australian woolgrowers, reports a buoyant and optimistic feeling in the market. All qualities of merino tops in Bradford are dearer, and a considerable amount of business has been done. Topmakcrs arc adopting a strictly protective attitude and are insisting on advanced prices. Fine crossbred tops are firmer, and considerable quantities of medium and coarse crossbred tops have been sold for export. Prices all round are ' dearer. Crossbred yarns have been sold for export and for the Home trade at pVices said to be well below their replacement cost. In G.ermany there is an increased demand for tops. The futures markets of Antwerp and Roubaix are steady, with increased activity, and a greater number of transactions have passed, with an improvement in quotations of about 5 per cent, during the past week.