LONDON WOOL SALE

Press, Volume XCVI, Issue 28447, 29 November 1957, Page 21

LONDON WOOL SALE

fine Crossbreds Firmer Press Association—Copyright) LONDON, November 27. Cross-bred wools of 52’s quality an d finer were generally 2£ per cent, up on the last sale when the November-December series of the London wool sales opened today- Prices for wools of lower qualities were very firm and often 5 per cent, dearer. Among the offering of scoured wool, many South Island clips were outstanding. Good style jcoureds sold at unchanged rates. Some of the crutchings were 21 per cent, dearer, while slipes were from 2| to 5 per cent, dearer, pie wools were 5 per cent. Cheaper. Prices for New Zealand greasy cross-breds of good average 56’s quality were mostly between 67d and "Old. Similar style fleece of 50-56’s quality made from 62d to 65fd. while wools of 52’s quality often realised between 58d and 60d.

7OJd for 56’s Many lots_of 50’s quality sold at around 55-57 d. Top price of 70jd was obtained for nine bales of 56’s quality marked Kingston, from Otago.

Competition was steady and sometimes brisk, says the Committee of London Wool Brokers and the London agency of the New Zealand Wool Commission. Sixteen thousand bales were offered of which 9500 were from New Zealand. Home trade buyers dominated the market but there was fair support from the Continent for fine cross-breds. Price Changes Minor

The clearance was reasonably good, with prices showing relatively minor changes compared with those paid at the close of the previous London sales. The New Zealand selection in

grease comprised 3400 bales, among which there were some South Island prelamb shorn clips, mainly fine cros?-bred qualities. There were also a few small clips from Auckland, but the largest shipment comprised cross-breds from Hawke’s Bay. This was a steady section of the market and prices for wools of 52’s quality and finer were generally 2| per cent, higher. Those for lower qualities were very firm and often 5 per cent, dearer. Prematurely shorn fleece of reasonably good length also sold well. Scoured Wools

Outstanding in the selection of 2300 bales of scoureds were many South Island clips, again in both half-bred and fine cross-bred qualities. There were also many oddments, including crutchings from North Island farms. Good style wools sold steadily and prices were unchanged although competition was not always so keen as for consignments offered in grease. Some of the crutchings were 2| per cent, dearer.

Slipes comprised over 3700 bales of miscellaneous wools among which good and medium length types sold especially well at prices 2J to 5 per cent, higher than at previous sales other grades were unchanged with the exception of pie wools which were 5 per cent, cheaper.

SYDNEY PRICES FIRM

(N.Z Press Association —Copyright) SYDNEY, November 28. Cross-breds remained firm under good general competition from Japan, the Continent and the United Kingdom at today’s Sydney wool sales. The selection was superior to that offered in previous sales. Of the 15 942 bales offered 15.031 were cleared. Wools were largely fair to good length medium to sunerfine quality and the incidence of fault in fleece lines ranged from free to light burr. Prices included: good 60’s—84|d per lb: good average 60’s—76d; good 58 s—Bod; good average 58’s -69jd.