SALES OF WOOL

Timaru Herald, Volume CXLII, Issue 20465, 9 July 1936, Page 9

SALES OF WOOL

FOURTH SERIES IN LONDON United Press Association—By Electric Telegraph—Copyright LONDON, July 7. There was good Home and Continental competition at the wool sales, the fourth series of which opened with an offering of 8496 bales, including 3493 bales of New Zealand; 7060 bales were sold. There was good competition from the Home trade and the Continent, and a good clearance was effected. Merinos and fine greasy crossbreds were 5 per cent, lower and other crossbreds were unchanged compared with the closing prices of the last series. New Zealand: Greasy crossbred, “Quay,” top Hid, average Hid; slipe, halfbred, lambs, “Belfast,” 16id and 138 d. S TOO LOW BRADFORD TOPS MARKET United Press Association—By Electric Telegraph—Copyright LONDON. July 7. At Bradford business is moderate. Many offers were rejected, the bids being too low. THE AUSTRALIAN CLIP REALISED NEARLY FIFTY MILLIONS United Press Association—By Electric Telegraph Copyright MELBOURNE, July 8. According to the official review of the wool season issued by the National Council of Woolselling Brokers of Australia, the Australian clip for 193536 realised £49,1&0,537. Effect of Japanese Boycott The brokers’ review discloses that the average price of wool in May and June, during the Japanese boycott, fell to ll.lld and 10.74 d per lb respectively, compared with 14.01 d ruling before the boycott, but for which the price level would probably have recovered to th J 1933-34 level of 15.84 d.