WOOL PRICES ADVANCE

Hawera Star, Volume LIII, 13 June 1933, Page 8

WOOL PRICES ADVANCE

RESUMPTION OF SYDNEY SALES

SPINNING SORTS WANTED

(United Press Association- -By Electric Telegraph

Copyright.) SYDNEY, June 12. The wool sales were resumed a/ider very Strong general competition. iiie market, compared with the closing sales early in May, was 15 to ‘2O per cent, higher, and occasionally more. The greatest appreciation was noireabie on good spinning wools, v loon enjoyed a keen demand on the : me. jean account. Greasy Merino made 1-jd. The offerings totalled 11.730 o.Uas, of which 10.741 were sold, as well as .41b which wore sold privately.

BRITAIN AND CONTINENT

HARDENING TENDENCY

LONDON, June 11. Mr W. Devea-enx, representing the Australian Woolgrowers’ Council, reports that prices at all wool centres have been firmly maintained with a hardening tendency. An official statement that the German moratorium will not interfere with the financing of foreign trade and current business appears likely to remove some anxiety that at the beginning was fait in this connection.

Merino tops at Bradford are very firm at last weeks higher prices. Users are reluctant to pa.y the advance, but topmakers are adopting a strong protective attitude, especially in view of the latest Australian reports. Crossbred tops continue to be stimulated by the advance of Merinos. Blather more business wais done in medium sorts at the higher prices. The majority of spinners are well employed on finer sorts. Merino yarns prices are very firm with a, tendency against the buyer. There is expanding interest in crossbred yarns and higher prices are being asked. The recent improvement m France is being maintained. Sales of tops in Germany are maintained at good volume and prices have improved, especially- for Merinos. Continental futures are firm with an upward tendency.