WOOL MARKET

Gisborne Times, Volume LXX, Issue 11125, 7 February 1930, Page 2

WOOL MARKET

AUSTRALIAN WOOL SALES

TO BE EXT EN ED TO 'MIDDLE OF AUGUST. .

Dait«d Preti Alien. by El. Tel. Oopyrltrti' -MELBOURNE, • Fob. ,1.

Tlie .most’ important Wool eoiiferonco in the liistor/ of Australia coueluded to-night. It was atteridod by represcnta-t-ivos of the hugest and "smallest sections of the growers and by representatives °> Gto selling brokers and other sections of the trade. It was decided to 'v\. tend the wool sales fill the middle of ‘Augusl, instead of terminating them on .Line -50 as hitherto; to spread the sales as nearly as possible equally over the intervening period; that the broirers fake such action with their clients as will onsiiro that, wool will not bo sold under the last week's levels e! value-: that South Africa and New Zealand bo invited G> arlojil a similar policy in regard t > the marketuig of their clips: and that London brokers he auproaehed with a similar purpose. FRIGES MAINTAIN IQ) IN LONDON. United frees Assn. by El. Tei. Com riclu LONDON. Feb. 0At. the wool sales 12, Girt bales wore offered, including "Do New Zealand and 11 -Sat) Runtas Arenas. Approximately • 1)000 bales of Australian and New Zealand wool were sold. There was a large selection of all -classes of greasy merino., with a few lots of scoured wool, and a small supply of other sorts. Good general competition prevailed, Yorkshire predominating. Prices were maintained at yesterday’s level. Tuesday's sales were 6925 bales of Australian and 2203 bales of Now Zealand wool. SYDNEY SALES. United Press Assn, by El. Tel. Copyrigh’ .(Received Feb. 0, 9.35 p.m.) SYDNEY. Feb. 0. At tlie wool sales the offering 1 * totalled 10,298 bales, of winch 945 were sold, in addition to 814 ba’e ■ sold privately. There was excellent competition from all sections aim the market ruled at the best point of tho week, there being good clear, aiices. Greasy merino sold to '2ud.