WOOL TRADE.

Auckland Star, Volume LXVIII, Issue 23, 28 January 1937, Page 4

WOOL TRADE.

LONDON SALES CLOSE. QUIET TOWARDS END. ' (Received 12 noon.) ' LONDON, Jauary 26. The first of the series of wool sales dosed with an offering of 6300 bales, including 675 -New Zealand; 4732 bales were sold There was a moderate selection, aiul a cood demand for best,kinds, owing To Russian inquiry. Inferiors were largely withdrawn During the series IOU.OOO baits were ottered and 94,500 sold. The home trade bought 4,,000, the Continent 45,500, and i America 2000. | The tendency throughout was Him. but I quiet towards the end. Compared with I dosing prices la.st scries prices were from I par to 15 per cent higher. ! New Zealand greasy slipe halfbrcd lambs, " Eclipse,"' top price 24M>d, average 24c1. During tho sales prices eased, owing to falling off of -Japanese competition. Greasy Merinos finished at par to 5 per cent advance, scoured 5 per cent, line 5 to 10, medium 10, coarse 15 up. THE BANKS REPORT. • '[ The Bank of New Zealand has received the following advice from its London office under date of January 28: — "Sales have closed with prices somewhat irregular. New Zealand greasy Merinos: Super, 60-64's, 19',£d to 21d per lb; ordinary, 60-64's, 16d to 17d; inferior, 00-64's, 13d to 14d. New Zealand halfbreds: 50-.sß's, 18d to 20(1 per lb; Ms, 17d to 18d; 50-56's, to 17% d. New Zealand crossbreds: 50's. 15% dto 10V 2 d per lb; 48-50's, 13d 46-48's, 14'/4d to lod; 44-46's, to 15d; 40-44's, to lod; 3(i-40"s, 14% dto 15d. All of good average condition." SYDNEY WOOL SALES. SYDNEY, January 27. At the Sydney wool sales to-day 12,918 bales were offered and 10.930 were sold. Also 1708 bales were sold privately. ' The recent good prices were well maintained and all better-grown fleece and skirtings met witli particularly strong demand. Greasy Merino sold to 34% d. TEA REPORT. 1 SALE AT COLOMBO. At the weekly sale of Ceylon tea held at Colombo on January ■"Sβ the quantity placed under offer amounted to 1.600,0001b. Quality was irregular, oat generally better, with some occasional:? fine offerings. The weather was unfavourable for bo*th growth and quality, with the result that very small sales may be expected during February. Actual price alterations showed an increase of Yid per lb on commons, %d per lb on price broken orange pekoes, plani 8.0.P.'5, first classic broken pekoes and tine broken orange pekoes. Next week's sale is expected to amount to 1,000,0p01b.