PRICE OF WOOL

Timaru Herald, Volume CXXXIX, Issue 20109, 16 May 1935, Page 9

PRICE OF WOOL

OBSERVATIONS IN YORKSHIRE Unlteo Press Association—Bv Electric Tel egraph —Cop vrl gh t LONDON, May 14. The “Yorkshire Observer” says that traders are of the opinion that combing merinos will be dearer before the Australian selling season ends, owing to the continued heavy consumption. Referring to the renewal of the German and South African barter agreement, the “Observer” adds that until September only short clothing wools will be obtainable therefrom. Germany is still active in every wool selling centre, despite the fact that her mills are stocked with four to five months’ supplies. At the wool sales to-day 11,170 bales were offered, including 4393 from New Zealand. About 9454 bales of Australian and New Zealand wool were sold. There was a firm tone. The prices for the best merinos tended to harden. The offerings Were well absorbed by Home and Continental buyers. New Zealand half-bred lamb sltpe, branded CFM, Belfast, realised top price of 15d, the average being 13Sd.

KEENER DEMAND SUSTAINED PRICES ADVANCE IN SYDNEY United Press Association—By Electrlo Telegraph—Copyright BRISBANE, May 15. At the wool sales to-day, the demand was keener and mol’e widespread. Values showed an advance and are now approximately 5 to 71 per cent, higher than at the closing sales last week. The top prices were: Greasy 17d, scoured 25Sd.