LONDON WOOL SALES.

Press, Volume LXVIII, Issue 20712, 24 November 1932, Page 10

LONDON WOOL SALES.

A GOOD SELECTION. V KEEN GENERAL COMPETITION. ' (l-SITF.U I'll ESS ASSOCIATION—BY ELECTRIC [ TELEGRAPH— copyright.) I LONDON, November 22. I The wool sales havo opened. Merinos were unchanged, and crossbreds occasionally slightly easier. A total of 8691 bales was offered, including 2293 from New Zealand, and about 6546 were sold. There were some withdrawals of fine merinos owing to high limits. There was a good selec-

tion, a large attendance, and keen general competition, French buyers, owing to the favourable exchange, being especially active. Compared with tlie October closing rate?; merinos, tine to medium, were unchanged, faulty slightly easier; crossbreds. coarse, 5 per cent, lower. Others unchanged. Now Zealand greasies—Lincoln Hills, halfbred. top lOiJd, average 10id: crossbred, 9}d and RJd. Halfbred hunb slipes, Canterbury, 12-1 d to 103 d. BROKERS' REPORTS. PYNE, GOULD, GUINNESS, LTD. Pvnc, Gould, Guinness, Ltd., have received cabled advice from their London agents stating that the wool sales opened to a largo rttendance, with strong competition, chiefly from the Bradford and Continental buyers. Merino and fine halfbred were id dearer and medium and coarso crossbred id cheaper on the closing rates of the September sales. National Mortgage. The auctions opened with a large attendance of Ifome and Continental buyers. There was keen competition and compared with the closing rates of last

sale the market generally was unchanged. but values of medium and coarse crossbreds both greasy and slipe were barely maintained. Fine halfbreds and aliped lialfbred lambs met with a very firm market. Sale closes December 14th. New Zealand Loan and Mercantile. r l hi'eo was a good attendance at the opening of the sales, competition by Home and Continental buyers being active and prices as compared with Unclose of the preceding series ruled about the same for merino and fine greasy crossbred, a farthing io a halfpenny lower for medium and coarso greasy crossbred. The opening catalogues were representative. Bank of New Zealand. The sales have opened with moderate competition and large attendance of buyers. Compared with the close of last series price.? for merino and fine crossbred are unchanged and for medium and coarse crossbred .ire about ,Jd per lb lower. Farmers' Co-op. The London wool sales opened and prices, as compared with the closing of the last scries a« a3 follows: Merino, unchanged; fino crossbreds, par to 5 per cent, higher; medium and coarso crossbreds, par to per_ cent, lower; good slipes, 5 per cent, higher; medium and coarse slipes, par to 5 per cent, lower. There was good competition from all sections of Ihe trade. Dalgcty and Co., Limited. The London wool sales opened with animated competition and a largo attendance. Continent, were tho largest buyers. The selection of merinos was good. There were few offerings of crossbreds. As compared wtih closing rates of last series—Merino, unchanged; fine crossbred, unchanged; merino

greasy, inferior, change if any in favour of buyers; crossbred, medium and coarse, par to rather lower; fine sdipe, very linn; slipe, other descriptions, rather easier. SYDNEY' SALES. COMPETITION KEEN AND GENERAL. FINER QUALITIES AT BEST VALUES. (UNITED i'UKBS ASSOCIATION'—DY IXECTT.IC i rxEGHAni —copyright.) (Received November 23rd. 9.43 p.m.) SYDNEY, November 23. At tho wool sales 11,(J45 bales were offered; 11.014 were sold and 1221 were disposed of privately. Values in the case of the finer qualities aro now at the best point of the season. Competition is keen and general. Greasy merino made 25jJ<i, constituting a record for the season. NEW ZEALAND SALES. COMMITTEE'S ALLOCATIONS. (TRESS ASSOCIATION TELEGRAM.) WELLINGTON, November 23. The New Zealand Wool Committee has made the following allocations of the maximum quantities of wool to be offered at this season's sales:— December 2n(lt—Auckland, 25,000. December 6tli—Napier, 30,000. December 10th—Wellington. 30,000. December 14th —Christchurch, 25,000. December 16th —Timaru, 10,000. December 2Gth —-Dunedin, 25,000. January 6th, 1933—Wellington 30,000. ' ' January Ultli —Napier, 30,000. January IGth —Wanganui, 30,000. January 20th —Auckland, 30,000. January 25th —Christchurch, 25,000. January 30th—Dunedin, 30,000. February 2nd—Tnvercargil], 30,000. February 6th —Timaru, 20,000. February 10th—Wellington, 30,000. February 14th—Napier, 25,000. February 17th—Wanganui, 30,000. February 23rd —Christchurch, 25,000. February 28th—Dunedin, 30,000. March 3rd —Invcrcargill, no limit. March 9th —Wellington, 30,000. March 13th —Napier, 25,000. March 17th—Auckland, no limit. March 23rd—Christchurch, no limit. March 27th—Dunedin, no limit. .March 29th—Timaru. no limit. April 3rd—Wellington, no limit. April 6th—Napier, no limit, April 10th —Wanganui, no li.mit. PRICE OF SILVER. (BRITISH OFFICIAL WIRELESS ) (Received November 23rd, 5.5 p.m.) . ItUGBY. November 22. Silver (pence per ounce) is quoted: Nov. 21. Nov. 22. bpoL ... 18 1-16 ISA Forward ... 181 18-'-