GOOD COMPETITION

Manawatu Standard, Volume LIII, Issue 265, 6 October 1933, Page 7

GOOD COMPETITION

LONDON WOOL SALES

ALL-ROUND ADVANCES.

YESTERDAY’S QUOTATIONS.

( United Press Association—By Electric Telegraph.—Copyright.)

Received October 6, 10.20 a.m. LONDON, Oct. 5,

At the wool sales 9230 bales were offered, including 6104 from New Zearland, and about 8000 were sold. There was good competition at full rates. Compared with the July closing rates, Merinos, best greasy, are now 10 per cent, dearer; inferior 7$ per cent., best scoured 7i to 10 per cent. Crossbreds, fine greasy, are 10 per cent dearer, medium and coarse o per cent., slipes sto 10 per cen L . Quotations are as follow : —Merinos: Greasy, New South NY ales, 24d; Queensland, laid. Scoured: Queensland, 26id; Victorian, 25id. New Zealand sales are as follow: Scoured half bred: Branded hill,” top price 24id, average 22fed. Slipe half bred lamb, branded Kaiapoi,” top price loid, average Hid.

THE BRADFORD MARKET

CHANGES FAVOUR BUYERS.

Received October 6, 10.20 a-m. LONDON, Oct. 5. The Bradford tops market is very quiet and any changes in quotations favour buyers. ... ~ The latest quotations compare with those previously cabled as follow: September Oct.

GOOD CLEARANCES MADE,

SYDNEY, Oct. 5. At the wool sales to-day 12,(22 bales were offered; 11,450 were sold, and 1126 were sold privately. The market was very firm at the previous day’s levels for all deseriptions. Competition rvas well sustained, and good clearances were made. There was a very keen inquiry tor comebacks and crossbreds at Rite Greasy Merino made 22d for eight bales from Gurley. ,

THE W 7 EEK’S PRICES

Received October 6, 9.15 a.m. SYDNEY, Oct. 6. Tlie average wool prices current at this week’s Sydney auctions were as follow: — . , Greasy Merino fleece, to 24£d; light seed burrv skirts, best .to 18Jd; good, 16d 'to 17d; average, 14d to 15d. Burry.—Best, to 15Id ; average, 13d to 14d; Inferior, llcl to 12d. Broken and first pieces, light seed f or burr. —Best to 18d; good, r 14d to 16d; average, 12Jd to 13id. Very burry.—Average, BJd to 9id; 1 inferior, 6Jd to 7£d. Bellies.—Light seed or burr, best - , ! 12d to 14d; good, 10id to Hid. Locks. —Best, to 7id. ■ Lambs. —Light seed burr, best to 1 16d; good, lid to 12d; average, 8d ' to 9d. Burry.—Best, average, 6Jd to i id; inferior, 4 id. Comeback. —Good. 16d to 17d; average 14d to lod; inferior, llid to 12d. Crossbred.- —Fine, 14d to 16d; medium, lOd to lid; coarse, 5d to 6d. MERCHANTS’ OPINIONS. UNCERTAINTY STRESSED. Per Press Association. AUCKLAND, Oct. 6. Two wool merchants, one English and one American, who arrived by the Mariposa to-day, both stressed the uncertainty of the wool market prospects. Mr B. Laycock, of Bradford, said that for the time being the Bradford mills were working at high pressure, but he thought the peak of the demand had passed. Cables from Australia showed that prices were falling again. Asked what he thought of the prospects of New Zealand wool, he said he did not know, and no other man knew. Mr P. McCraw, of Pittsburg, said - that America was just at the point 1 where she could import wool, but there ■ was no margin. If American prices i fell she would have to stop importing. ■ The Government’s inflationary policy had given an artificial impetus to • trade, but there would have to be a . real demand to keep things going. The present imports were not large, but at least they had started.

14 21 28 5 Per lb. Per lb. Per lb. d. d. d. d. 70’s 36 36 36 35 64’s 34 33? 33i 33 eo’s 33 32J 32 22? 22i 22i 50’s 15? 15± 154 154 ni Hi 11 2 io£ 40’s 10i ioi 102 THE SYDNEY SALES.