THE WOOL MARKET.

Auckland Star, Volume LVIII, Issue 277, 23 November 1927, Page 4

THE WOOL MARKET.

LONDON SALES OPEN.

ADVANCE IN PRICES.

CROSSBRED® UP 7% TO 10 PER CENT

(Received 10 a.m.) LONDON, November 22. At the wool sales 11,022 bales were offered, whereof 5800 were Australian and 4741 New Zealand.

There was a crowded attendance, and a cheerful spirit with excellent competition. The selection of Merinos was almost entirely fine-haired. The Continental style met a good demand, chiefly from French and German Jiuyers, at par to five per cent advance, compared with September closing rates.

All sections competed keenly for crosabreds, and greasy advanced 7% to 10 per cent, scoured and slipes fully Id. Lambs' wool was scarce and advanced five per cent. Sales included: New Zealand's Waipaoa, 19% d to 18d; Weka Downs, 42d to 40d.

Messrs. Dalgety and Company have received the following cable froiii their London office:—

London wool sale opened with good general competition. There was a large attendance, and a good selection. As compared with closing rates of last series, Merino realised par to five per cent higher, crossbred 7% to 10 per cent higher.

WANGANUI SALE

THE RANGE OF PRICES

Additional information to that published to. yesterday's "Star" with regard to the Wanganui sale indicates that the offering of wool was not equal in general style or attractiveness to the Wellington and Napier catalogues, and taking this fact into consideration the market showed little or no change. Skirtings, on the prices realised, might seem to have eased, but no really good lota were submitted, most of _ the pieces and bellies being wasty, skirty and generally very seedy. The range of prices was as follows: — d. a. Fine Crossbred—• Super 17 to 19* Average 15 to 17 Inferior 13 to 141 Medium Crossbred — Super 16 to 17 Average 14 to 16 Injerior 12 to 134 Coarse Crossbred— Super 13| to 15J Average llj to 13J Inferior 10 to 12 Low Crossbred— Super 13 to 13* Average nj to 13 Inferior .......... 9 to 111 Hoggets— 481b to 501b ...... 16 to 191 Fine 15 to 181 Coarse 141 to 16J Low 12 to 131 Crossbred Bellies and Pieces— Good to super 13 to 151 Low to medium .. 8 to 121 .Crutchings— Medium to good .. 9 to 101 Inferior to seedy .. 6 to Si Locks— Crossbred 5 to 6 ,