LONDON WOOL SALES

Press, Volume XCIII, Issue 27989, 8 June 1956, Page 14

LONDON WOOL SALES

; N.Z. OFFERINGS SELL WELL (X.Z. Press Association —Copyright) LONDON. June 6. * Greasy and scoured New Zealand » wools sold today on much the same 1 basis as last week, and there was a ' distinct improvement in the demand for stipes. The London sales re- ‘ sumed with an offering of 11.212 bales. - states a joint report of the Commit-j 1 tee of London Wooibrokers and the ; » London agency of the New Zealand' ‘ Wcol Commission. New Zealand was represented by 8766 bales, of which 2803 were in grease. Several hundred bales cf greasy wool came from Dunedin and r Christchurch. ( Halfbreds were taken by Bradford - topmakers at prices slightly above the 1 basis established at the opening of the - series. Crossbreds were generally un- - distinguished and competition was 1 quiet, with inferior-style medium qualf ities often id per lb cheaper. An offering of 1250 bales of scoureds > included a few Merinos, which again 1 sold freely, but competition for cross- ; breds was subdued. The market was » active for 4700 bales of stipes. Prices were firmer, especially for halfbred r lambs, which were often 5 per cent. 1 better. g The highest price for New Zealand > scoured Merinos was ll3id for six - bales of fine hoggets from Clent Hills. Ashburton. Forty-seven bales of fieeee - in this clip went at 107 d. pieces at 2 95Jd. necks 94d. bellies 92d. and locks e 76Jd. The average of all lines ex- _ needed Iflld. Eight bales of 2 further c-onsizn-r, ment from Dunstan Downs, Omarama 1 ■ sold at 109 d. This wool was mainly a 64 s quality and slightly tender. t: 1 SYDNEY SALES CANCELLED EFFECT OF SHEARING DISPUTE Press Aisoc<a‘-.m—Copyright) SYDNEY. June 7. Sydney wool sales scheduled for next week have been cancelled since the dismissal cf storemen and packers Z involved in the “black wool" dispute. , The men refused to handle wool de- _ clared black because it was shorn at 1 the new lower award rates for shear- _ ers. The acting-chairman of the Sydney ■ W<m>l Selling Brokers' Association «Mr E- W. Pearse) said today that brokers 2 were unable to give any indication of when the sales would be resumed. Buyers were not prepared t? operate until they could do so on all wools without discrimination. The Sydney offer? nz next week was 2 to have comprised 38.000 bales. The ‘ cancellation fellows similar action e taken over this week's Newcastle sales, where about 27.000 bales were to have been offered.