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Wool Price
Record
For Season
SYDNEY. Oct; 21.
A* new season s Aus
ralasian record of 248d.
i lb. was paid for five
\{|lac fir. Cilna'Pntin r*-nnrti*rr
Merino at the Newcastle
vi'ool sales today.
: Under extremely strong
general competition the mar
ket rose about 5 p.c. on re
cent. Sydney rates.
All sections bought well
and there was better support
from the US.
Total clearance was 6,000
bales.
'£lF6rLb.'
Today's record bid is the
first '£1 1. lb.' sale made for
almost 12 months.
Australian record price for
greasy Merino fleece is
3353d. a lb., obtained during
the 1950-51 season. j
MELBOURNE, October 21.
— Merino wool reached 135Jd.
a lb., the highest Melbourne
-rice of the season, at the
Melbourne wool sales today.
The market held yester
day's improved rates, and
practically all descriptions
were in sellers' favor.
Competition was well
maintained from Great Bri
tain, Europe and Japan. En
quiry by Australian mills
was limited.
Highest- comeback price
was 1NW
$