LONDON WOOL SALES

Dominion, Volume 29, Issue 197, 18 May 1936, Page 12

LONDON WOOL SALES

Little Change in Crossbreds MARKET CLOSED FIRM By Telegraph—Press Assn.—Copyright. London, May 15. Offerings at I lie wool sales to-day were 6909 bales, including 2547 bales New Zealand, and 4909 bales were sold. The selection was a moderate, one, consisting largely of crossbreds, which were less keenly competed for, buyers apparently being satisfied ; consequently withdrawals increased all round. New Zealand scoured merino, “Aviemore." made 23d.: slipe halfbred lambs. •■Fielding,’’sold at 154 d. highest, and 14d. average. During the series now closed 53.900 bales were offered, of which 64.500 were sold. ’l’hc Home trade bought 36,500 bales, the Continent 27.000. ami America 1000. Held-over wool totalled 32.500 bales, of which 20.000 were not offered. The total sales were approximately: Australian. 16.000 bales: Now Zealand. 33.000 bales. T'he French election uncertainties resulted in the Continent practically withdrawing from the market at lhe opening of the sales. The prices therefore yielded more than was expected from lhe quality. Merinos were 5 per cent, lower than at the March sales. Medium inferior were 5 to 7-J per cent, decline, fine crossbreds declined 5 per cent., medium and coarse hardened in price, and closed firm. The following cabled reports wore received on Saturday morning by Wellington houses: — Bank of New Zealand, produce department: —The sales have closed firm for nil kinds of wool. 'Die market is more active owing to increased demand. Current quotations for wools of average condition :—■

Bunk of New South Wales: —London wool sales close to-day with good competition and prices generally harder. Average or estimated prices of Now Zealand greasy fleece ordinary topmaking wools:—Merino. 69/64. 134<1.; fine hallbred. 56/58- J 43d.: Imlfbred. 50/56, 11 ]d. ; t hree-qunrter-bred. 48/50. 9d.; fine crossbred. 46/4S, Slid.; medium crossbred. 44/46, BJd.; crossbred, 40/44. SJd. Dalgcty and Co., Ltd.:--Wool sales closed, active competition. Home trade principal operators, Continent operating more freely than at opening. As compared with closing rates of last scries:— Greasy merino, Id. lower: scoured merino, par to Id. lower; greasy halfbreds, 4d. to Id. lower; scoured halfbreds, par to Id. lower; greasy fine crossbreds, Id. to jd. lower; greasy medium and coarse crossbred, par to pl. lower; scoured crossbred. Id. told, lower: Imlfbred slipes, Id. lower; other descriptions slipes. par to -Id. lower: greasy lambs, pl. to Id. lower. Tim foljowing is a range of prices:—

Wright, Stephenson anti Co.. Ltd., ami Abraham and Williams, Ltd.: —Sales closed to average attendance of buyers. The market remains unchanged, if anything a little fli'mer. prices being well maintained ; Continental and Bradford buyers were the chief operators. 83.900 bales wore offered at lhe series, of which 64,500 were sold. We quote ;—Greasy merino, 60/64. yielding 4.S per cent., 131 d.; greasy fine halfbred. SG/SS, yielding (12 per cent., l-ljil.: greasy fine crossbred. 46/4S. yielding 75 per cent.. Sijd. ; crossbred lambs. 46/50, yielding 74 per cent., 11(1. Australian merino. :]d. dearer.

Levin and Co., Ltd.:—The auctions closed here to-day with a good tone. Good general compotilion. mainly from the Home trade. Compared with the opening rates, we quote: —Greasy merino, best, ■}d. per lb. lower; average. I<l. per lb. lower; line halfbreds, 50/56's. 4d. per lb. lower; crossbreds, unchanged; slipes. Imlfbred. pl. per lb. lower; medium and coarse, unchanged. Total quantity offered. 83.947 bales: sold, 64.500 bales; carried forward. 32.500 hales, including 19,000 from New Zealand.

Murray, Roberts and Co.. Ltd. : —Sales have closed with a good tone. Bradford buyers principal operators. Compared with last London sale's closing rates: Greasy merino, best descriptions, par to 5 per cent, decline: greasy merino, other descriptions, declined 5 per cent.; scoured merino, par to 5 per cent, decline: best descriptions show the least decline. Crossbred greasy, par to 5 per cent, decline; slipe, fine crossbred, declined 5 per cent.: slipe, other descriptions, pur to 5 per cent, decline: crossbred scoured, market sliows no material change.

New Zealand Loan and Mercantile Agency Co.. Ltd.: —'i’he woo] sales closed firm to-day. Home buyers being the principal operators. Russia is operating. As compared with Inst sale’s closing rates, prices for medium and coarse greasy crossbred and coarse crossbred slipe are about the same; for fine scoured crossbred and medium crossbred slipe, from par to Id. per lb. lower; for medium and inferior greasy merino and merino lambs, jd. to Id. per lb. lower: for medium and coarse scoured crossbred mid fine greasy crossbred. Id. per lb. lower; for crossbred lambs, greasy merino super, scoured merino and fine crossbred slipe. prices arc Id. per Hi. lower. Quotations for good average New Zealand wool, greasy fleece: —(ld’s. 1-1 Id. to 16d, per lb.; 60/64’s. 1-ld. to 15.'.d.: 56/58’s. 13Jd. to Hid.; 56’s, 12d. to 13{d.; s()’s. 9d. to Ohl.: 48/50’,s, SRI. to 9d.; IS's, SLI. to Sid.; 46/48's, Sid. Io Sid.: Id's, S|d. to Sid.; 44/46’s. Sid. to Sid.; 40/44’s, SldJ to Sid.: 40’s. Sd. to Sid. NEW ZEALAND WOOL SALES Roster For 1936-37 Season The New Zealand WoolbroKers’ Association announce the following roster of auction sales for the 1936-37 season:— Auckland. —November 28, January 25. March 5. Napier.—December -I, January 16. February 24, April 8. Wellington.—December 9, January 11, February 19, April 3, April 21. Wanganui.—January 21, March 1. April 12. Christchurch.—December 14. February 1. March 12. April 16. Timarit.—December 17, March 16. Dunedin. —December 21, February 10. March 21. April 2(1. Invercargill.—February 5, March 19. The April sale dates have been arranged tentatively, am, are subject to alteration and/or cancellation, according to the tmaaUMt of wool avalUiW-®,

Merinos — <1. <1. Super. 60/64’s .. 17 Io 17* Ordinary, 60/64’s .. .. 14* to lot Inferior, G0/G4’s . .. 12 to 12i Hnlfbreds — 56/oS’s . . 131 Io 14 50's .. 12 to 13 SO/.'fls .. 101 to 11 Crossbreds — no's 9.1 to 10 4S/50's 9 4(>/4S's si io SI 44/40's SI to St 40/44's S) to si 3ti/40's 8} to

Merino— <1. d. Good Io sopor 154 to 18 Low to medium 114 to 15 Halfbrcd. 5(1/58 — Good lo super 14} to 17 Low to medium 11 to 14 Ilalfbred. 50/56 — Good lo super 10} to 12} Low to medium 84 to 101 Fine crossbred, 48/50 — 9} Good to super Si to Low to medium 71 to si Fine crossbred, 46/48 — Of Good to super 8} to Low to medium to 8} Crossbred, 44/46 —• SI 0 Good to super to Low to medium to 81 Crossbred, 40/44 — St 9 Good to super to Low to medium 1 1 to 8 Coarse crossbred. 36/40 — 8 85 Good to super to Medium to good i I to "i