WOOL PRICES.

Putaruru Press, Volume VI, Issue 229, 22 March 1928, Page 6

WOOL PRICES.

THE AUSTRALIAN CLIP. Tie up-grade movement of wool prices in New Zealand has its parallel in other wool selling countries —per-*’ haps “more so Van Australia. Discussing the reeeent Sydney sales, “Warp,” the expert contributor to the Sydney Mail, says that the competition reached an intensity more marked than at any previous period of ■what is proving a remarkable selling season. “ Prices have been steadily on the up-grade ever since the new year’s sales commenced,” he continues, “and the closing point represents an increase of well over £3 per bale. As compared with January of last season they show an increase of over £4 per bale. It is, however, not much the price ley el as the wide--spread demand which is the feature of «ales to-day. It is impossible to single - -out any one section, as leading ~tne 'way, although taking the season as a whole, growers have to thank the Japanese section as much as anyone for the wonderful stability of prices. At various points they have to acknowledge the vigorous help of the Continental buyers, and Geerman, French, Italian Belgian, and Russian buyers are still strongly supporting the market. The elcaraneces to-d*ay are also due in big measure to the breadth of the Yorkshire demand. During the first half of the season Bradford buyers were largely outbid by their Continental rivals, but they were encouraged by that after the Continental demand was satisfied they would be able to buy wool at prices more in farmer y with Bradford ideas. The period of waiting has, however, now ended*—not as anticipated, but as a general recognition of the fact that the Australian season is rapidly drawing to a close, and it is 'now or never’ with all those want to •sTipt' l the Australian clip. When Bradford raises its limits and makes up its minrt to buy wool there is nothing to grumble at in the scope of operations. and despite the admitted!v high level Bradford; is in a buying humour just BOW.” This is noV the position in New Zealand as well as in Australia.