LONDON WOOL SALES.

Auckland Star, Volume LXI, Issue 173, 24 July 1930, Page 4

LONDON WOOL SALES.

CLOSE OF SERIES.

STRONG CONFIDENT BIDDING.

(Received 11.30. a.m.)

LONDON, July 23. ( At the wool sales 7622 bales were offered, including 1595 New Zealand. About 3885 were sold. 2\ew Zealand greasy halfbred, Mount Paul, 12d to 11 Ad, crossbred, Ngaio, 10% d to 9%d. The total number of bales catalogued was 104,469. Of these there were sold to Home buyers 31,000, to the Continent 50 500, to the "United States 1000. Held over were 71,500, of which 50,000 were not of Th?' quantity of Australian sold[ was 37,000 bales and of New Zealand 29,000 3)3lgs The tone of the market improved as the -sales progressed and strong, confident bidding marked the latter half, and withdrawals were less than was expected. Merino greasy combings were strongly competed for throughout. Finest closed, slightly above May closing rates, bood average improved throughout and closed at a parity with May prices. Faulty carbonising ports were unchanged. Prom the opening erosstaeds met a strong demand and closed slightly above the opening.. Fine, medium grades were about par and scoureds unchanged, biipes, •which opened at a severe decline, generally improved their position and .at the close were about 5 per cent below May. In lambs best parcels were unchanged, inferior short carbonising sorts five to seven and a half below May prices. New Zealand -greasy croeebreds ranged from 9d to 12% d, finest halfbred lambs, 14d. MERCHANTS' REPORTS. Messrs. Dalgety and Co., Ltd., report having received the following cablegram from their London house, dated 23rd iD Wool Sales.—The sales closed active, with good general competition. Continent principal operators. Home trade rather more active than recently. As compared with closing rates of last series creasy Merino are Vzd to Id lower, scoured Merino Id to l%d lower, greasy halfbred %d to Id lower, greasy crossbred, fine, %d to Id lower, greasy crossbred, medium and coarse, %d lower, scoured halfbred Id lower, scoured crossbred, fine, l%d to 2d lower, slipeFM to 2d lower, blanket sorts slipe %d to Id lower, lambs 2d lower. Merino, good to super, 13d to 14% d; low to medium, lOd to 12* id. Halfbred, 56's to 58's, good to super, 12Y*d to 14d; low to medium, 9%d to lls£d. Halfbred, 50's to 56's, good to super, 11M to 12% d; low to medium, 9%d to lid. Fine crossbred, 48's to 50's, good to super, lid to 12d; low to medium, 9d to 10% d. Fine crossbred, 46's to 48's, good to super, 10% d to ll%d; low to medium, B%d to 10i£d. Crossbred, 44's to 46's, good to super, 10}&d to ll%d; low to medium, B%d to 10% d. Crossbred, 40's to 44'e, good to super, 10% d to lid; low to medium, 816 dto lOd. Coarse crossbred, 36's to 40's, good to super, lOd to 10?4d; medium to good, 8&d to 9?4d.

The Ban!-- of New Zealand has received the following advice from its London office under date of 23rd instant:—

. The salea have closed firm for all descriptions. Current quotations:— Meri. super 13d to 14d per lb; ordinary, lid to 12d per lb; inferio , 9d to lOd per halfbred, ll%d to 12% d per lb; crossbred, fine to lid per lb; medium. 9%d to 10% d per lb; coarse, 9%d to 9%d per lb.