THE WOOL MARKET

Poverty Bay Herald, Volume LX, Issue 18205, 28 September 1933, Page 7

THE WOOL MARKET

AUSTRALIAN SUPPLIES i»V EE SEAS < TLITIf HSU SHORT WEIGHT ALLEGED (Eire. Tel. Copyright —United Press Assn.) (Received Sept. 28, noon) LONDON, Sept. Ai. The, international wool conference at Budapest next week will discuss short weight arrivals of Australia s wool. It is very difficult- to obtain precise information, as buyers are feartul at present of making specific public allegations, hut the Sun Service learns that many are dissatisfied at recent arrivals, notably Victorian. Australian circles m London say the complaints in respect to arrivals are explained by evaporation ot moisture. The wool is more moist than usual on account of the good season m Australia, and arrived in an exceptionally dry summer.

The Sun Service learns that the wool federation is seeking to arrange an immediate conference on the'lightweight wool position, and so avert a discussion at Budapest. It is emphasised that ihe issue could he settled amicably. Buyers will demand a system of complete checking in Australia to protect their interests, and also a modification of the existing system by which buyers are compensated for short weights in excess of a certain amount, usually 201 bs. Bradford buyers declare that while they do not want to pay less than they should, they object to paying for what tliev do not receive.

in the Bradford Chamber of Commerce, ,xjr Frederick Ackroydi urged pressure upon the Australian Government to get a larger quantity of wool sent to London, so that if .Japan wants to buy, -she will bo obliged to do so in Britain and pay additional freights. The chairman, .Mr. Xuddarts, said that tho problem of Japanese competition should he dealt with now, instead of when it is further developed.

At the wool sales, 11,225 bales were offered, including (1013 from New Zealand, and about 10,200 bales were sold. There .was a brisk sale, and active home and Continental competition, prices being fully maintained.

Prices were: Merinos, greasy, Queensland, 17Atl; New South Wales, 18d; Western Australia, 18d; scoured, Queensland, 2Sd; New South Wales, 2-1 LI; New Zealand. HM/Oxford, top 24d. average 221 d; New Zealand s-lipe

half bred. Paronra, )7d. l(5|tl; cross bred, Pareora, 32 : jd, 121 d.

MARKET VERY FIRM COMPETITION AT SYDNEY SYDNEY, Sept. 27. At the wool sales, 12,000 bales were offered, of which 1 1,520 were sold, and 1025 Rales were disposed of privately. All better classes of fleece wools and good skirtings were very firm u.nJer strong competition, inferior wools and short carbonising descriptions met ivit'll a restricted demand, and the market for them was weaker.

The outstanding feature was the demand for comebacks and crossbreds. Prices for finer sorts displayed a hardening tendency, with other grades arm at late rates.

Greasv merino made 21 lid for seven bales from Curlewis.