WOOL OUTLOOK

Timaru Herald, Volume CXXXVII, Issue 19669, 11 December 1933, Page 7

WOOL OUTLOOK

STRUNG MARKETING POSITION SITUATION NOT WITHOUT DANGER. United Press Association—By Electrlo Telegrapb—Cop} right SYDNEY, December 9. The "Sydney Morning Heralds” weekly wool letter says that the satisfactory demand experienced during the simultaneous conduct of auctions in Australia. London and other countries, is a tribute to the strong marketing position of raw material. Values for bulk merino wools submitted in Sydney showed no quotable change, compared with the rates of November, but better descriptions of fleece wools and dusty doubtful yielding lines were irregular, and at times, 5 per cent easier. The fact cannot be overlooked that the value of wool has shown a decidedly rapid recovery, and until prices for meats, cotton, butter, wheat and other products also advance appreciably, and thereby increase the general purchasing ability, a danger exists of the market temporarily exceeding the public buying power. Moderation is essential for the season's sales to produce reasonable stability in rates. The higher cost of wool this season has not thus far given any disturbing check to trade in mill products. Current Prices. The week's current wool prices were:— Greasy extra sui>er merino, to 34d; best, 23d to 24d; good, 21d to 22d; average, 19d to 20d. Greasy extra super merino, slight seed or burr: Best, 20d to 21d; good, 18id to 19id; average, 16id to 17ld. Greasy extra super merino, burry: Best. 18d to 19d; average, 16d to 17d; inferior. 13d to 15d. First pieces: Best, 22d: good. 19d to 20d; average, 16d to 18d Bellies: Best, 13Jd to 14id. Locks: Best, to 12d Lambs: Best, to 24d. Comebacks: Best, to 23d Crossbreds: Best, to 23|d.