RECORD HIGH PRICES.
Wool-growers’ Good Fortune
Wool merchants in Australia do not emphasise the importance of top line prices for extra choice wool, not regarding them as reliable market guides, but nevertheless there was intense satisfaction in the wool trade, and in the community generally, when the record price for the season was broken. A Continental buyer gave 37ad per pound. Several other purchases were well up in line. Growers are encouraged by the prospects,for the next half of the wool year. When the auctions closed for the calendar year in the Sydney market authorities were satisfied that the demand is strong for the raw material, a matter of the greatest importance to Australia. It has been a wonderful recovery during the six months of the season. While the average price per bale towards the end of the sales was over £2O, the average in the same time last season did not reach £ll. French, German, Yorkshire, Belgian, Japanese and Italian buyers were all active operators, , and Australian manufacturers competed. The prospects for a sustained market during the sales of the second half of the wool year are considered excellent.
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Bibliographic details
Hauraki Plains Gazette, Volume VL, Issue 3132, 9 February 1934, Page 8
Word Count
190RECORD HIGH PRICES. Hauraki Plains Gazette, Volume VL, Issue 3132, 9 February 1934, Page 8
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