WOOL MARKETS.

Auckland Star, Volume LXIII, Issue 226, 23 September 1932, Page 4

WOOL MARKETS.

LONDON SALES CONTINUE. GOOD COMPETITION. OPENING RATES MAINTAINED. (Received 11 a.m.) LONDON, September 22. At the wool sales 11,756 bales were offered, including 3935 from New Zealand. About 7490 were sold. There was good home and foreign competition at full late rates. There were some withdrawals of speculator's lots, owing to high limits. Now Zealand, scoured combing:—Walter Peak, top price, 20d; average, 17V£d. BRADFORD TOPS. FIRMER TONE. ADVANCE CHECKS BUSINESS. (Received 11 a.m.) BRADFORD, September 22. The Bradford market is firm but the advance in prices is checking business. Recent top quotations were as under: — Per lb. Per lb. Per lb. Per lb. Sept. Sept. Sept. .Sept. 1 8 15 '*2 a. tl". d:' "ill Seventies ... 24J 26 20 26 Sixty-fours .. 23i 24 24 24 to 25 Sixties 22 2a 23 23 Fifty-sixes .. 17i 181 l.Si 18J Fifties . 12 12J 121 3 3 Forty-sixes .. 10 10} 10J 101 Forties 0 9i 9i 0i STRONG IN SYDNEY. ' SYDNEY, September 22. At the Sydaey wool sales to-day 12,308 bales were offered- and 11,535 sold, also 216 bales were disposed of privately. There was good general competition and the market wae strong at the previous day's rates. Greasy Merino sold to 16% d. Wool experts declare that if prices remain at the present levels the financial return to Australia this year will be about £34,000,000. This would be slightly above last year's return. LAST WEEK'S RANGE. (Received 11 a.m.) SYDNEY, this day.

Wool prices for the current past week's sales in Sydney were as follows: —Merino: Greasv fleece, beet, to 19d; good, 14d to lod; average, 12d to 13d; nearly free burr, best, lCd to 18d; good, lid to 14% d; light seedy or bnrry skirts, good, 13d to 14d; average, lid to 12d; inferior, 9d to lCki; burry, good, lid to ll%d; average, 9d to lOd; inferior, 7%d to B%d; lambs, best, to' 15d; good, Sd to 9d; average, 4d to 6d. OVERSEAS MARKETS. AUSTRALIAN PRODUCE. SYDNEY, September 22. Following are to-day's quotations on the Sydney produce market:—Wheat: Firm in sympathy with improved tone overseas. Silo lots, 3/5% to 3/0; buyers' limit, 3/5%; bagged lots, 3/8. Prices in the country remained steady. Bagged lots were valued at 2/8%, and bulked at 2/7% on sidings. Flour, £10. 10/; bran and pollard, £5 10/. Potatoes, Tasmnnian, £0; Norfolk Island, new, £15; Victorian, £4 5/; American Onions, £33; oaten hay, £7 10/; maize, yellow, 5/4. The steamer Tanda brought a consignment of Japanese onions, but all were transhipped to New Zealand. Adelaide prices are:—Wheat, growers' lots, 2/2%; flour, bakers' lots, £8 5/; bran, £5 5/; pollard, £5 15/; oats, to 1/9; onions, £38. (Received 11 a.m.) MELBOURNE, this day. As thfe produce market is practically closed, being show day, there is little to report, and prices are nominally unchanged. QUOTATIONS FOR METALS. SHARP UPWARD TURN. LONDON, September 21. Following are to-day's quotations on the London metal market, compared with those of September 20: — Sept. 21. Sept. 20. I J er ton. Per ton. £ s. <1. £ s. d. Copper, stan., spot 34 15 7J 32 18 0 Copper, stan., 3 mos. 34 14 4J 32 18 9 *Coppcr, electrolytic 38 0 .0 3T 5 0 to to . 38 10 0 37 15 0 Copper, elec., wire bars 38 10 0 37 15 0 Lead, soft, spot ... 12 IS 9 12 13 9 Lead, soft, forward 13 13 12 17 6 Spelter, spot 15 7 6 15 5 0 Spelter, forward . . 15 11 3 15 7 G Tin, stan., spot .. . 151 17 0 .149 12 0 Tin, stan., 3 mos. . 153 17 G 151 7 G ♦American G cents a lb, same as on September 19. WHEAT CARGOES, ETC. (Received 11 a.m.) LONDON, September 22. Wheat cargoes are 3d to 6d higher, but buyers are unwilling to deal. Parcels are active at 3d to 6d dearer. Futures: — London: September, 25/7 per quarter; December, 24/7; February, 24/6. Liverpool: October, 5/8% per cental; December, 5/7%; March, 5/8%. Spot trade is slow. Australian, ex ship, 30/ li. Flour is firm. Australian, ex store, 20/6 to 21/. Oats are irregular. Peas and beans steady. GOLD AND SILVER. (Received 11 a.m.) LONDON, September 22. Gold is quoted at £5 19/1 per ouncc. Silver is quoted at 18 l-16d per ounce for spot delivery, and 18 3-lGd for forward. BEET SUGAR. (Received 11 a.m.) LONDON, September 22. Beet sugar is quoted at 5/7% per cwt for October delivery.