WOOL TRADE.

Auckland Star, Volume LXVI, Issue 121, 24 May 1935, Page 9

WOOL TRADE.

LONDON SALES.

MARKET FIRM AT FINISH

N.Z. SELLS 33,500 BALES

(Received 10 a.m.) LONDON, May 23 At the wool sales to-dny 10,398 bales were offered, including 4008 New Zealand. In all 5450 bales of Australian and New Zealand wool were sold. New Zealand greasy crossbred, "Paroa," realised top price of IOJd, and an average of 7Jd. Slipe halfbred lambs, "Eclipse, ,, 14j<1 and 13 3-Bd. The sales closed with prices firm, but in some cases slightly below the highest of the series. Compared with March closing, Merinos, greasy, were 15 per cent dearer, scoured 12 J per cent; all crossbreds hardened throughout 12£ per cent, slipes 10 per cent after touching 12J per cent. The total catalogued was 112,854 hales. There were sold to home buyers 42.000 bales, to the Continent 55,500, and to the United States 1000. Oficrings held over totalled 71,000 bales. The total Australian sold was 40,000 bales, and New Zealand 33,500. The home trade and France competed actively throughout. Germany was ratlier restrained. Russia took a fair quantity. March Closing Prices. Closing rates at the end of the March sales for good average condition were:—New Zealand—Merinos: super, (iO-G4's 12d to 13d; ordinary, 00-04's lid to inferior, 00-04's 9d to OJd. Halfbred: 50's 9d to SHd, 50-"»0's 8d to Sid. Crossbred: 50's 7d to 7Jd, 48-50's o£d to 7d, 40-48's 6Jd to OJd, 44-40's 6d to C.}d, 40-44's 5Jd to Gd, 30-40's 5Jd to 52d. The Bank of New Zealand has received the following advice from its London office, under date 23rd instant: — The sales have closed firm for all wool, and the market is very strong. Current Quotations. Greasy Merinos: 00-04's 13Jd to 14Jd, ordinary 00-04's 12|d to 123 d, inferior 00-04's 10d to lOJd; halfbred: 50's 10£ d to lid, 50-50's B§d to Old; crossbreds: 50's 8d to BJd, 48-50's 74d to Bd, 40-48's 7d to 7.J, 44-4fl's Gild to 7d, 40-44's (JJd to Ofd, 30-40's G.jd to OAd. BRADFORD TOP PRICES. (Received 11 a.m.) LONDON, May 23. At Bradford business is restricted by high quotations. Following are today's l>l , ices and those of recent weeks: Mny 2. Mny !). May 10. May 23. Per lb. Pet lb. Per lb. Per lb. <1. <f. d. d.

LONDON SALES. M ERCHANT'S CABLE. The Now Zealand Loan and Mercantile Agency, Ltd., notify receipt of the following cable from its London office': The sales closed firmly today. There was good all-round competition; As compared with last sale's closing rates, prices are higher ljd a lb for greasy Merino inferior, and finp greasv crossbred. Higher Hd to 2;1 per "lb for Merino medium, fine scoured crossbred, greasy Merino super, Tine crossbred slipe, scoured Merino inferior. Higher 2d to 2id per lb for scoured Merino super and scoured Merino medium. Higher Id per lb for coarse crossbred and greasy crossbred lambs. Higher Id to lAd per lb for medium crossbred lambs and Merino.

Seventies ... 2S U8J 2!) 'J.'.) Sixty-fours .■ li(il '-lU'i '.ill 'J7J Sixties 2-Uj -Jo -Jii l>0 Flfty-eixee . 18i 181 l«l l«l Fifties 3 4 14 14 14 forty-sixes .103 11 11 U forties Vi 'Ji 10 10