WOOL TRADE.

Auckland Star, Volume LXX, Issue 162, 12 July 1939, Page 6

WOOL TRADE.

LONDON SALES OPEN. SHARP ADVANCES MADE. CKOSSBREDS UP 5 TO 20 PER CENT. (Eeceivcd 10 a.hi.) LONDON", July 11. At the wool sales 7072 bales were offered, including 4020 bales of New Zealand, and 0.500 bales were sold. There was a good selection and a large supply of I New Zealand crossbred*. There was ani- J mated competition, the demand being due j to military requirements. New Zealand ! greasy .Merinos "Balmoral," !)Vsd to lOd ; per lb; scoured crossbred. "N.Z.W.M .A . 14d to 14V-;d: slipe halflue-1 < oiui>m-_ r , ' lambs, "( anterhurv." IP-id to 1 .">• 1; "Wat-. l ira,"' 9%d to 14% d: CHI' Will'. 14' id; j si.po crossbrerl combing, lambs. "\VF.\I - Tbands." lOVid to 14? id: "I antei i>ui\\ , lid to l.'d; slipe < rorsbml, lambs, "11 in diamond." 14J to 15d. j Compared with the close of last series scoured Merinos were at par. greasy Merinos 5 per cent up. scoured an 1 greasy fine crosfbreds 5 to 10 per cent, medium and coarse 1.5 to 20 per cent, slipts TVs per j cent higher. I ! Closing rates at the March and May , s/iiis this \ ear were as follow:— j May. _ March. ] Merino— t j. ,1. ffl-iM's, super . 14 to 14i 1 I to 15 Ordinary .... 11 to 12 11 to 12 Inferior Si to 'JX to 01 11. itl.lc'd 11 to 11 ii 11 ! to 12 ' ■>'>'* l»i to 11 103 to 11-i ""•oil's 10 to 11 10 to 11 ft.—-I. reds— s';'s K.'i 111 10 to 10J 4 l"i to '.13 to loi 40-4 S's 1(1 in 11 !l\ to ] o 44-40's 11l to 11 !»J to If> 40-! Vs 10 toll !)j to 111 3i;-10's 10 to 11 Oj to It) PRIVATE CABLES. Messrs. Dalgety and Company, Limited, report having received the following cablegtam fuitii their London olfice: —Wool s '11 s opened. Attendance large, competition good, selection average. Home trade ]■: incipal operators. fair support Continent. As compared with closing rates of last scries:--(ireasy Merino, par to 5 per cent, higher; scoured Merino, unchanged; greasy haltbreds, 5 per cent higher; ci easy ciossbved. 1.5 per cent to 20 per cent higher; scoured crossbred, 5 per cent to , \-z per cent higher: siipes, 5 per cent to 7Vs per cent higher. Ihe Bank of New Zealand has received the following advice from its London ofii< e under date of 11th inst.:—The sales have opened with etrong competition and an excellent demand tor all descriptions of 1 rossbreds. Prices Tor Meiinos are par to 1 -id. tine er'-.;ybi etls to d, and medium and eoat.-o l'.sd to l?id per lb, all higher. ANTWERP FUTURES. LONDON, July 11. The Antwerp futures market is steady. Quotations for 64's dry combed toi)s are as follow;— > June June July '.) ilv 20. 27. 4.' li: July '_'ojj 20 J 20 £ 21 i October ... 21 2.1 203 21J December .. 213 211 202 215