SYDNEY RESULTS

Evening Post, Volume CX, Issue 73, 23 September 1930, Page 12

SYDNEY RESULTS

■ IXEIGHTPENNY AVERAGE

1 SYDXKY, 22nd September. • At the wool sales to-day, 11,421 bales ■were offered, of "which 9744 were sold at ■ auction and 32Si were disposed of piiThe average.price of the wool sold last week ws* 8.6 d per lb. ■ , The-market to-day was again on a par with the closing,rates of last week, with ' good general competition. Greasy merino "made up to 13 J/id. " OPENING THE SEASON. i Sydney market was tested for the first -time this season on Isth September with .11,450; bales, of which 94 per cent, were sold. 'France bought freely, Germany took heavy weights, Japan had good orders, Italy -was keen, Belgium active. Bradford ,a strong supporter. Clean costs of rarious types of fleece wool on the mar-ket-compared with a year ago, at March , (th« lowert point of last season) were as ' follow :— Sept. Mch. Sept. 1929 1930 1930 d d d 64/70's-toptuaking merino .29 21 24 Average 64's topmaking ■merino 28 19 22 Average 00/64'g topmakfrs' 26 18 21 'These' coste disclose the rise in price compared with March, and the decline'on a.year ago.

JAPANESE SUPPORT,

'■'Japan will take about the same quantity of wool this year as she took last season, provided the prices are right," is the opinion of Mr. Charles H. Jones, buyer for Mitsu Bishi Shoji Kaisha, Ltd. Mr. Jones,, ••uhile in Japan recently, went through the woollen mills, and they all ■seemed to be working very -well. '"The Australian tariff," Mr.- Jones added,'"had caused a lot of unrebt in Japan, where the business people atid merchants complain' that while they take our wool we in return deal harshly with their silks and similar exports.'' Mr. 0. Konishi, icpiisenting Iwai and Co., Osaki, gave it as his opinion that the price of wool might advance.. .He would not be surprised if it did. ; Business was showing an improve-ment-in Japan, and other countries, and that might lead to increased prices.

'THE AUSTRALIAN CLIPS,

The National Council of Wool Selling Brokers ot Australia reports receipts of the. 1930-31 clip into stoie t the total disposals up to the end of August, and the balance in each centre then awaiting tfale:—' ' Centre' Receipts Sales In store. Bales. Bales Bales. Sydney .' . . 136.647 4,971 151,676 Brisbane .... 82.24 C 4,852 77,394 Victoria 32,777 L 364 31,413 Adelaide 19,073 230 18,843 W. Australia ... 18.759 ]5i 13,605 Tasmania 119 — 119 ". Totals' ..'...309,621 11,571 298,050