WOOL MARKET

Wairarapa Daily Times, 20 January 1933, Page 4

WOOL MARKET

AUCKLAND SALE, KEEN COMPETITION.. UPWARD TREND IN PRICES. AUCKLAND, This. Day. There is a catalogue of 22,798 bales at the second wool sale to-day. The. indication that the bottom has been reached in prices, and that there is now a definite upward trend, owing to the new exchange rates, is reflected in today’s bidding. Up to £7 per bale is expected throughout, being at the rate of 5d per pound. The clip is in good condition, and there is keen competition. Germany is particularly active, both for the coarse and fine wool. French buyers are prominent, and .Japan is biddingfreely for the higher grades. Bradford worked closer to reserves.

The brokers had a strenuous time adjusting the limits to suit the altered conditions.

A good clearance is being effected, and it is expected that over 90 per cent of the catalogue will be cleared.— (P.A.)

LONDON SALES. PRICES FIRM. LONDON, Wednesday. The wool sales to-day attracted an offering of 9450 bales, including 1945 hales of New Zealand. About 5073 hales were sold. There was a- brisk Home and Continental demand, and the bulk. of the offerings were sold at full, opening rates for fleece wools. Prices for New Zealand greasy crossbred, “Pare,” were 10-}d highest, 7id average.

RANGE OF PRICES. Messrs Murray, Roberts and Co., Ltd., are in receipt of tlie following wool market quotations from London, dated 18tli instant: —

The W.F.C.A., Ltd., are in receipt of the following cabled advice from Messrs Joseph Nathan and Go., dated 17th January:— Wool sales opened to-day and are well attended by Home and Continental buyers. Finest, sto 74 per cent advance. Medium, 5 per. cent- advance. Coarse, 5 per cent advance.

SYDNEY SALES. A FIRM MARKET. SYDNEY, Thursday. At the wool sales' to-day 12,017 bales were offered, of which 11,306 were sold, at auction, and 812 disposed of privately. j " There \ was special inquiry for supej-t fine wool; with good general competition. • ' L ' ■■■’' ■' There was a very firm market. Greasy merino made 214 d.

Opening rates. Closing rates Jan.t Series. Fee. Series. N.Z. Merino, 60/64 J s None 9d i-bred, 56's 11 d 10:1 d Sup. Fn. Xb. 50’s ■8] a Fid Fine Xb. 48/50’s 7jd 7:1 d Fine Xb. 46/48»s 6d old Med. Xb. 44/46’s 5id old Med. Xb. 44/46’s 5-id 5d iCoarse Xb. 40/44’s 4*5»d 4-id Low Xb. 36/40’s None 4-id