WOOL SALES

Hokitika Guardian, 29 September 1933, Page 2

WOOL SALES

GOOD COMPETITION. (United Press Aseonation—By Electric Telegraph—Copy right. 1 LONDON, September 28. At the wool sales 11,22.5 '-bales were offered, including 6013 from'New Zealand. About 10,206 were sold. There was a brisk sale, with active Home and' Continental'' competition. Prices were fully .maintained. Merinos greasy Queensland; 18d * Western Australia. 18d; scoured Queensland 28d ; New' South Wales '24fd ; New Zealand ;H.M. Oxford (top) 24d; average 23 5-Bd; New Zealand slipe hnlfbred, pa■rewtt, l7;d, lb 5-8 d; crossbred, Far eo ra 13-id, 12i<l/'/ • ‘

SYDNEY SALES

SYDNEY, September 28. At to-day’s wool sales, 12,198. bales were offered and 10.197 were sold, also 993 ;bale s privately. The market closedown, under- good general competition. Best merinos, al«o comebacks and crossbreds, showed a hardening tendency. The withdrawals were ■confined to lower qualities, shillings and burry fleece. Greasy merino sold up to twenty-four pence, which is a fresh .record for the . season. This price was 'for nine bales from Coolatai. alleged short weight. OF AUSTRALIAN BAJLES. , LONDON, September 28. The International , Wool Conference at Budapest, next week, will discuss short weight arrivals of Australian j wool. It is very difficult, to obtain | precise informaion as the buyers are j fearful at present, of makins specific j public, allegations, but “The lSun j learn s that many are dissatisfied with recent arrivals, notably Victorian. Australian circles in 'London say the complaints in regard to recent arrivals are explained by the evaporation oi j moisture. The wool was moi s ter than usual on account of the good season in; Australia, and arrived in an exceptionally dry summer. The Sydney “Sun” representative I earns that the Wool Federat ion is seeking to arrange an immediate conference on the lightweight wool posi-; tion, and so avert discussion at Buda- , pest. It is emphasised that the issue 1 could be settled amicably. Buyers will demand a system of complete chocking iin Australia to protect their, interests, also a modification of the existing system bv which buyers are compensated for short weights in ex cess of a 'certain amount, usually j twenty pounds. i Bradford buyers declare that, while . they do not want to pay less than they should they abject to paying for wh a t , they do not, receive. j