FIRMER NOTE IN LONDON

Press, Volume LXXXV, Issue 25735, 22 February 1949, Page 6

FIRMER NOTE IN LONDON

CROSSBREDS SLIGHTLY DEARER (Special Correspondent N.Z.P.A.) LONDON. Feb. 21. In keeping with the Dominion markets, a firmer note in all sections is apparent in the wool and tops markets here, says the International Wool Secretariat’s special news service. The New Zealand crossbred position shows an improvement this week. Medium crossbreds in London last week-end showed steadiness, followed by the definitely firmer tone in Christchurch, and New Zealand crossbreds in London to-day are slightly dearer than a week ago. This appears to have checked the recent easier tendency in tops, and crossbred topmakers in Bradford no longer accept concessions when selling. Some crossbred tops prices accepted by Yorkshire in the last few weeks have been possible only by the help of last season’s cheaper wool held by some firms, but quotations are firmer, to-day. The trade here is impressed by the total clearances in medium crossbreds, both in London' and New Zealand. Bradford tops sales are mostly confined to small weights rather than bulk business, but transactions are numerous and represent a useful total volume. The turnover in tops is sufficient to ensure continuity in Yorkshire wool-buying operations. Top quotations are unchanged compared with last week.’ MASTERTON RAM FAIR (P.A.) MASTERTON. February 21. The Masterton ram fair opened to-day at Solway. The entries totalling 1949,

showed an increase on those of last year* There was a buoyant sale almost througn* out, and vendors were tfell satisfied. The top-price flock Romney was sola on account of Owen Wyeth; Masterton. 36gns, and the top-price stud Ro ’P’?'k' sold on account of the Wairarapa Train’ ing Farm, bought 50*zns. Vendors desCT> w the fair as the best for 10 years. _