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Newspaper
Burrowa News
Location
Burrowa, New South Wales, Australia
Date
Jul 05, 1929
Page
2
Wool growth reports from Goldsbrough Mort and Co note about 56 000 bales offered in Brisbane amid a unsettled wool market. Despite lower values, demand remained active and clearances were satisfactory, lifting market optimism for better days ahead.
The report outlines a tentative Brisbane sale week showing a downward price trend with parity to Sydney for some lots. Buyers anticipate a slower selling season as confidence wanes and demand remains uneven for lower quality wool while high end lines hold more appeal. Adelaide opens Sept 6 followed by Sydney and Melbourne with allocations to be announced.
Detailed Flemington auction notes show sheep and lamb buyers cautious with most pens mid to inferior condition. Prime wethers and some prime lambs sold slightly firmer. cattle offerings included better beef notes but mostly medium to plain stock, with primes and bullocks trading around set ranges. Market activity remained steady to dull with no major price shifts from the prior session.
New Zealand Lion and ALAS-led consignments highlighted a large Brisbane wool sale series. Total offerings reached 16,580 bales across four days with 12,760, 16,900, 11,000, and 14,600 bales respectively. Continent and Yorkshire led purchases while Japan and other buyers grew, lifting prices about 7 percent from Sydney benchmarks.
Buyers across America and local outfits watched as Sydney brokers judged consignments from Victoria and South Australia. Prices eased from 2d to 1d per lb, with 110 tons offered including damaged lines and autumnal pelts. better grades saw the steepest declines amid irregular port offers and a late auction trend.
Burrowa council discusses postponing sale of the racecourse, advertising for tenders on sanitation work, and reviewing the removal of Likhtsoil. Aldermen consider desk furniture for records, tender procedures, and cart disposal projects with casting vote by the Mayor on a tied decision. An engineer from the Main Real Board is to visit Burrowa soon.
Fragmentary text notes guidance on street works and bidding. Mentions Queensland notification and English turning company with higher bids. References peanut production potential and modern plant capacity.
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