ALL CLASSES DEARER

Press, Volume LXXII, Issue 21730, 12 March 1936, Page 13

ALL CLASSES DEARER

ACTIVE COMPETITION IN LONDON CONTINENT RESTRAINED (UNITED PBBSa ASSOL'IATJOK—COPTBIGHT.) LONDON, March 10. The London colonial wool sales opened with a firm tone, and with good home and Continental competition. Crossbreds advanced 5 per cent., and merinos were in sellers* favour at an advance of from par to 5 per cent. A total of 9314 bales of wool was offered, including 6591 from New Zealand, and 8111 were sold. There was a moderate selection consisting chiefly of New Zealand crossbreds. Home competition was active, but Continental buyers were reserved pending political developments. Apart lrom rather frequent withdrawals of low greasy crossbreds, a good clearance was effected at generally par to 5 per cent, above the values at the last series. New ZsjJand lots~sold~a&. follows: Crccsy crossbreds, Tipua (top price average 10id. The New. Zealand Loan and Mercantile Agency Company, Ltd. The New Zealand Loan and Mercantile Agency Company, Ltd., reports tnat u has received the following cablegram from London, dated March 10: There was a good attendance at the opening of the sales to-day, competition by Home and Continental buyers being fairly active, and prices, as compared with the close of preceding series, ruled about 5 per cent, higher except greasy halfbred, unchanged. The opening catalogues were fairly representative. Na tier a I Mortgage and Agency Com-I.a-jy, Ltd. • The National Mortgage and Agency Company of New Zealand, Ltd., reports having received the following cablegram from its London office:— The auctions opened here to-day with a large attendance of Home and Continental buyers. There is good competition, mainly from the Home trade, supported by Russia. Compared with the closing rates of last sales, the market generally is from oar to 5 per cent higher, particularly for merinos and sliped wools. As at present arranged the auction will close on March 24. Dalffety and Company, Ltd. Dalgety and Company, Ltd., Christchurch, report having received the following cablegram from their London office, dated March 10: The London wool sales opened. Averags attendance. Selection chiefly New Zealand crossbred. Good competition. Homo trade principal operators. As compared with closing rates of last series: Greasy- merino: id to Id higher. Scoured merino: 3d to l|d higher. Greasy balfbreds: Unchanged. Scoured halibreds: id to Id higher. Fine greasy crossbred: Unchanged. Medium and coarse crossbred: to 2d higher. Scoured crossbred: 3d to Id higher. Slipes; )d to $d higher. Greasy lambs: 3d to Id higher, Pyne, Gould, Guinness, Ltd. Fyne. Gould, Guinness, Ltd., report having received cabled advice from their London agents that the wool »ales onened to a very attendant. The market was animated, with keen competition, the Home trade being the principal buyers, with the Continent also operating. There was a good selection of New Zealand greasy wools on offer, but no representative selection of finer sorts. Halfbreds, 50/56's, were slightly higher crossbreds, 40/48's, Jd higher, and crossbreds. 44/48*8, Jd higher than the closing rates for the January sales. Bark of New Zealand The Bank of New Zealand has re'•eivfd tho following advice f rom its Lrndon office under date March 10: The sales have opened with moderate competition and large attendance of buyers. Compared with the close of Ust series the nHces for crossbreds are par to id higher. New Zealand merinos not represented. A. 11. Turnbull and Company, Ltd. A. H. Turnbull and Company, Ltd., report that they have received from W. WeddeJ and Company, Ltd., London, the following report:—Merino, par to 5 per cent advance; crossbreds, par to 5 per cent, advance; slipes, 5 per cent advance. Strong competition. Ktvr Zealand Farmers* Co-operative Association of Canterbury, Ltd. The New Zealand Farmers' Co-opera-ewe Association of Canterbury, Ltd., reports having received the following cablegram from LondoijK— London sales opened ; torday and prices in comparison with the close of the last series are aa follows:—Scoured crossbreds are 5 per cent, higher; all other wools, par t 0.5 per cent higher. There was a good attendance and competition, >