WOOL POSITION

New Zealand Times, Volume XLVII, Issue 10897, 11 May 1921, Page 6

WOOL POSITION

MARKET BRIGHTER SALE AT COMMONWEALTH'S MINIMUM A KEEN DEMAND. iiv Telegrapli —■ Press Assn.—CopyrightMBLBOURNE, May 10. The first wool ?alo at tlie minimum reserve fixed by the Commonwealth Government drew a record attendance of buyers. Keen interest was displayed, and competition was very animated at the prices, which are evidently in accord with “Bawra” ideas, which the auctioneers duly explained t-o the buyers. Of the 5300 bales offered, over 90 per cent, were sold. Yorkshire and the Continent were operating freely. Americans were quiet, as there was but little of the best wools they chiefly take offered. As compared with the closing rates at the March sales, prices for medium to good merinos and fine crossbreds were 10 per cent., and medium to coarse crossbreds 5 to 10 per cent, higher. Superior classes of wool were uncbang ed. Greasy sold up to 17jd per lb, and sfcoured to 22$d per lb. SYDNEY, May 10. A proclamation has been issued controling the export of wool under conditions recently fixed by the Federal Parliament. LONDON VALUES'IMPROVE. Australian and N. 71. Cable Association. LONDON, May 9. At the free wool sale to-day a eood selection was offered, mostly of West Australian wools, which were keenly competed for by the Continent, especially the finer sorts. Prices were slightly above last week’s rates for the medium and lower sorts, which, however, met with good demand from Yorkshire. Crossbreds were unchanged. Practically the whole of the cnt-v Icgues were cleared. Realisations were as -follow—Mon nt Cornish, 281 d to 28d: “WOS” over Maplestead, lod ; “GS” over Mossvale, 16d to lod; “Woollahra,” 2od to 23d.