WOOL OUTLOOK

Timaru Herald, Volume CXXXIX, Issue 20105, 11 May 1935, Page 21

WOOL OUTLOOK

COMMENT OF LEADING BUYERS United Press Association—By Electric Telegraph—Copyright LONDON, May 9. Dawson’s Ltd., in commenting on the opening of the wool sales yesterday, says that the selection was above the average. Tire outstanding feature was the Continental buyers’ special keenness for crossbreds, though Germany bought little. Competition was brisk, but the outlook is difficult to gauge. Tops did not respond to the recent advances in raw material. Yarns are suffering spasmodic demand. Further rises in wool values may check the consumption, which is irregular. The worsted mills are fairly prosperous, but the woollen section of the trade, however, is quiet, many machines being idle. The greatest need at the moment is a rise in the price of manufactured goods. Competition Sustained. At the wool sales to-day, 10,974 bales were offered, including 3740 from New Zealand. About 5964 bales of Australian and New Zealand clips were sold. There was sustained Home and Continental competition and the firm tone of the opening rates was fully maintained. New Zealand scoured merinos branded “Braemar,” realised 25d; the average being 231 d; greasy crossbred branded MB brought 10 2d, the average being 81d. In the Bradford tops market there is a fair amount of business. The quotations are: 70’s, 28Ad; 64’s, 263 d; 60’s, 25d; 56’s, 186 d; 50’s, 14d; 46’s, lid; 40’s, 9Sd.

AUSTRALIAN SERIES VERY STRONG MARKET IN BRISBANE United Press Association —By Electric Telegraph—Copyright BRISBANE, May 10. The present series of wool sales .concluded to-day. There was a very strong market, and values were very firm on the rates ruling during the week. The top prices were: Greasy 16;id, scoured 25 id. Trade experts express the opinion that there is every prospect of the market continuing to be buoyant at the next series to be held next week.

HIGHER PRICES AT ADELAIDE KEEN GENERAL DEMAND United Press Assoclation--Bv Electric Telegraph—Copyright ADELAIDE, May 10. Higher prices and a keen general demand marked the opening ol the wcol sales. The estimated rise was 15 per cent, on the previous Adelaide auctions in April, and 5 per cent, on the last sales in the eastern States.