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WOOL STILL FIRM

THE LONDON SALES. DISPOSAL OF BULK. QUOTATIONS REVIEWED. (United Press Association—By Electric Telegraph.—Copyright.) Received September 22, 11.25 a.m. LONDON, Sept. 21. At the wool sales 11,844 bales were ottered, including 3508 from New Zealand, and about 7790 were sold. The general tone lias continued firm and die bulk of the offerings were sold, some to Continental buyers, at full recent rates. . _ . There were a few withdrawals owing to the sellers’ firm limits. Quotations were.—Greasy Merinos, Victorian, top price 21d, averago 20|d; New South Wales, top price, 19d, average 18gd. Scoured Merino, Queensland, 28d; South Australian, top price 24J, average 203 d. / New Zealand realisations.—Branded “Mako,” top price 29d, average 22d; greasy halfbreds, 16d. H. Dawson, Sons, and Co., Ltd., report that the selection on the opening day was the best for many years. Buying was well spread, and no one section obtained more than a small share. A strong confident tone was discerned, with evidence of substantial available purchasing power. Dalgety and Co. report that the market was at first hesitant, but soon became strong, with indications of probably a further advance. THE SYDNEY SALES. FIRM RATES MAINTAINED. SYDNEY. Sept. 21. At the wool sales to-day 11,930 bales were offered, of which 10,485 were sold at auction, 371 being sold privately. All good quality wools were firm at the previous day’s rates, hut thin, burry and dusty sorts were again irregular. Skirtings and lamb’s wools were very firm at recent rates. Greasy Merino sold to 22d a lb. for ten bales from Garali and eight bales from Boggabilla. The average price of wool sold on the first three days of the Sydney wool sales this week is £lB 5s 2d or 14.2 d .i pound. Mr A. K. Trethowan, a leading wooL authority, told growers at Albury that the prices now being realised were legitimate prices, and were likelv to be maintained. Substitutes which had been requisitioned when wool was high were unable to compete with the real article, and many had been wiped out. Real wool to-day was wanted, not substitutes, but the chief factor in the present good prices was the moderate shortage of wool and the fact that when prices were low growers met the market and sold at low levels. AVERAGE RATES. WEEK IN REVIEW. Received September 22 9.50 a.m. SYDNEY, Sept. 22. The following are the average wool prices for the current week’s Sydney sales:— Greasy Merino fleece to 23d; light, seedy or burry, best, 18R1 to 194 d; good, 17d to 18d; average, 15d to 16d; burry, best. 16d to 17d, average, 14d to 15d, interior, 12d to 13d. Greasy Merino.—Broken and first pieces, light, seedy or burry, best, to 19d; good, 14d to 16d; average, 12£d to 13£dGreasy Merino.—Very burry, best to 10±d; average, B£d to 9id; inferior, (Ud to 7£d. Lambs' Wool.—Best, to 18-id; good, lid to 12d; average, 8d to 9d. Lambs’ wool. —Burry, best, 9d to lOd; average, 6£d to 7Jd; inferior, 4d to 41d. BRADFORD TOPS MARKET. PRICES REMAIN FIRM. Received September 22, 11.25 a.m. LONDON, Sept. 21. In regard to the Bradford market, London reports confirm the earlier prices for tops, which remain firm. Buyers are at present not increasing their commitments.

August September31 7 14 21 Per lb. Per lb. Per lb. Per lb. d. d. d. d. 70’s .... 36 36 36 36 34 34 34 331 60’s .... 324 33 33 321 22 23422f 224 50’s .... 154 154 15| 154Hi 114 114 114 40’s .... 104 104 104 104

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/MS19330922.2.84

Bibliographic details

Manawatu Standard, Volume LIII, Issue 253, 22 September 1933, Page 7

Word Count
584

WOOL STILL FIRM Manawatu Standard, Volume LIII, Issue 253, 22 September 1933, Page 7

WOOL STILL FIRM Manawatu Standard, Volume LIII, Issue 253, 22 September 1933, Page 7