Domestic Wool Slow,
Foreign Wools Lower

GREELEY, Colo. —(USDA)— Domestic wool trading was nearly at a standstill last week. Demand was light to very light, as was seller interest. Limited shearing was reported in the Dakotas, Pacific Northwest, Texas, Montana, and Midwestern areas.

In Territory trading, Colorado sold 40,000 pounds of 2.5-inch plus lamb wool, whiteface 19.1-22 microns 40 cents grease, and crossbred wool, 22-24 micron 31 cents; Wyoming reported 40,000 pounds of 2.5-inch plus lamb wool, 19.2-22 microns at 42 cents grease.

The Australian market indicator completed the week down 11 cents to close at 491A cents per kilo clean. A total of 76,553 bales were offered with clearance at 80 percent. In 21 micron futures contracts, February closed at 523A grease, April 526, June 534 and August 548 cents per kilo clean. Nineteen micron cash clean contracts had February at 764, April 762, June 768 and August 763.

New Zealand's market indicator closed down 10 cents at 387NZ cents per kilo clean, finewool closed down seven cents at 356 and lamb wool was down 22 cents at 348. A total of 3479 clean tons were offered with passings at 31 percent.