WOOL TRADE.

Auckland Star, Volume LXX, Issue 17, 21 January 1939, Page 4

WOOL TRADE.

LONDON SALES CONTINUE. CROSSBREDS IN DEMAND. LONDON, January 19. A. t the wool sales 9522 bales were offered, including 4727 bales of New Zealand; 8022 bales were sold. There was a moderate selection, and the demand was active the home trade bidding freely for •New Zealand crossbreds, which were well cleared. _ Withdrawals were frequent among inferiors owing to firm limits. Kates generally were well maintained. .New Zealand greasy crossbred "JDW/Ngatapa," 9%d to 10% d. THE BANK'S REPORT. The Bank of New Zealand ha» received the following advice from its London office date January 20:—"The London wopl sales contanue with widening competition. There is a good demand for medium and coarse crossbreds, but prices are somewhat irregular. Merino prices are nominal." | Current quotations:— New Zealand Ureasy Merinos; Super, 00-G4"«, 13d to 14d£*™ary> <***'* l<H4d to ll%d; inferior,! 8 'j BV4d. New Zealand greasv lid to 56e, 10% d to llKd; aO-o6s, 10% d to 10* d. New Zea'"d, B™"v crossbreds: 50's, 10% dto 10% d; 485505, lOd to 10% d; 46-48's, 9%d to 10% d; 44-46's. 9%d to 10' Ad; 40-44 Vs. 9%d toJ(H4^ ; 36-40's, 9%d to 10% d. All good average condition. BRADFORD TONE FIRM. LONDON, January 19. The Bradford market is firm, on the encouraging influence of the London sales, but quiet. Following are to-day's quotations and those of recent weeks: — Dee. I>ec. Jan. Jan. Jan. 32. 29. 5. 12. 19. Per Per Per per Per lb. lb. lb. lb. lb. d. d. d. d. d. Seventies 265 26J 26 26 26 Sixty-fours ... 25 25 25 25 25 Sixties 24 24 "4 *>. oi Fifty-eights ... 21 21 "l ot ot E|"f-? ,xeß ••• 1» 1» 19 19 19 Fifties 17 17 17 17 17 Fifty-sixes* ...16 16 16 16* 16 Forties* 16 lfi 16 16 16 •Nominal.