WOOL OUTLOOK

Rotorua Morning Post, Volume 3, Issue 711, 11 December 1933, Page 5

WOOL OUTLOOK

(Press Assn.-

sydney sales revlewed and good demand noted A WORD OF WARNING

— By Telegraph — Copyright).

Sydney, Dec. 9. The Herald's weekly wool letter says, the satisfactory demand experienced during the simultaneous conduct of auctions in Australia, London and other countries is a tribute to the strong marketing position of raw material. Values for the bulk of Merino wools submitted at Sydney showed no quotable change, compared with rates in November, but better descriptions of fieece wools and dusty doubtful yielding lines were irregular at times being five per cent. easier. The fact cannot be overlooked that the value of wool has shown a decidedly rapid recovery, and until prices for metals, cotton, butter, wheat and other products also advance appreciably, and thereby increase general purchasing ability, the danger exists of the market texnporarily exceeding public buying power. Moderation is essential for the season's saies to produce reasonahle stability in rates. The higher cost of wooi this season has not, thus far, given any disturbing check to trade in mill products. Current Prices The following are the week's cur.rent wool prices: — Greasy, extra super Merino, to 34d; best, 23d to 24d; good, 21d to 22d; average, 19d to 20d; slight seed or burr, best, 20d to 21s; good, 18id to 19id; average, 16|d to 175d; burry, best, 18d to 19d; average, 16d to 17d; inferior, 13d to 15d; first pieces, best, 22d; good, 19d to 20d; average, 16d to 18d; bellies, best, 13id to 14|d; locks, best to 12d; lambs, best to 24d; comebacks, best to 23d; crossbreds, best to 23 §d.