Scoured Wool In Better Demand

Press, Volume CVI, Issue 31322, 18 March 1967, Page 21

Scoured Wool In Better Demand

(N.Z. Press Association —Copyright) LONDON, March 16. The market at the London March wool sales today was better than expected for scoured wool and scoured Merino rose 5 per cent compared with prices at the February sales, says the official report.

Greasy crossbreds met limited trade inquiry and some 60 per cent of the offering was bought by the Wool Commission. Greasy halfbreds were fully 2i per cent lower.

Scoured crossbreds over-all were generally firm, bulky fleece wools moving against the buyer, skirtings and short wools moving a little in buyers’ favour. Scoured halfbreds, however, failed to reach the extreme prices paid in the February sales and were fully 5 per cent lower. While slipe early first lambs eased 2J per cent, second lambs hardened 2i per cent. Offering Nine thousand bales of New Zealand wool was included in the offering, comprising 5100 greasy, 2300 scoured and 1600 slipes. Apart from a few South Island Merino and halfbred clips, the greasy offering consisted almost entirely of medium crossbreds, the bulk of which were drawn from the Auckland area. The selection as a whole was very average, comprising a big percentage of poor style, discoloured wools of indifferent length. Less Attractive The scoureds also were much less attractive than in the last sales here in February and most of the crossbreds were early shorn and short stapled types with only a small proportion of bulky wools. South Island fine wools were in modest supply. A few lots could be put in the category of good style, but the majority were average to good average.

Prices Range A range of prices is: — d. d. Greasy Merino, 60/ 64’s— Good average Greasy Halfbred, 57 to 614 56/58’s, 58 s— 521 Average Greasy Fine Cross48 to bred, 50/56’s — Good average .. 49 to 514 Average Greasy Fine Medium 46 to 48 Crossbred, 48/ 50’s, 50’s— 481 Good average 46 to Average Greasy Medium 42 to 44 Crossbred, 46/ 48's— Good average 44 to 47 46/50’s— Average Greasy Crossbred 41 to 44 Second - shear, 3in up, 46/52’s— 431 Good average 39 to Average Greasy First Cross34 to 38 bred Pieces— 384 Good average Greasy Crossbred 34 to Bellies— 341 Good average Greasy First Cross32 to bred L.B.S. (long), 48/50’s — Good —— to 49 Good average 44 to 474 Scoured Merino 64/70’s— 1004 Good 95 to 64’s— Good .. h • 60/64’S— — to 964 904 Good average Scoured Halfbred, — to 56/58’s, 58’s— Good average 74 to 804 Scoured Fine Medium Crossbred, 50/52’s— 654 Good average Scoured Medium 61 to Crossbred, 46/ 50 ’s— 601 Good average Scoured Crossbred 58 to Second - shear, 46/50’s— 574 Good average Scoured Crossbred 54 to Pieces, 56/50’s — Good average . 531 to 554 Scoured Crossbred L.B.S., 48/50’s— Good average 57 to 614