CROSSBREDS UP

Dominion, Volume 30, Issue 47, 19 November 1936, Page 14

CROSSBREDS UP

Sharp Rise at London Sales COMPETITION STRONG By Telegraph—Press Assn. —Copyright J mndon, November 17. The London November series of wool sales have opened with si rung and general competition. Merinos show an advance of HI per cent, over the closing rates of the .September series, and crossbreds are L.i per cent, dearer. . T The last of the seracs of London wool sales for 1936 coninieneed with an offering of 5220 hales, including 3579 bales of” New Zealand wools, and 7806 bales " The offering was a good selection, and it met witli .strong competition, the Home trade and the Continent being the chief buyers. Prices generally ruled at .10 to 20 per cent dearer than at the closing .rates of the last series. ' Now Zealand slipe halfbred lambs '’Goar" made 20L1. highest and 19]d. aveThe following cabled reports were received yesterday by Wellington houses:— Bank of New South Wales: —London wool sales : Keen general competition. Merinos and fine crossbreds !*• per cent., medium and coarse 20 per cent, to 25 per cent., slipes 15 per cent, to 20 per cent, dearer. . Average or estimated prices ot Now Zealand'greasy fleece ordinary lopmaking wools: Merino. 60/64, 1/3. Fine halfbred. 56/58, 1/3-1. Halfbred. 00/.>6, j/°J Threequarter-bred. 48/50. 1/o}. Fine crossbred. 46/4S. 1/0-}. Medium crossbred, -44/46, 1 Crossbred. 40/44, 1//f rhe Bank of Australasia received the following cable from Balme and Thomas, woolbrokers :—London Colonial wool sales: Market strong, merinos 10 to 15 per cent, dearer, greasy crossbreds 25 per cent, dearer, scoured crossbreds, slipped crossbreds 15 to 20 per cent, dearer, compared with closing rates of last series. Bank of Now Zealand, produce department : The sales have opened with strong competition and large attendance of buyers. The market is very active. New Zealand merinos not represented. Compared with the close of last series all kinds of greasy crossbreds are 2-}d. to 3d. per lb. higher. Dalgcty and Company. Ltd.: Sales opened with large attendance of buyers. Animated and general competition. Average selection. As compared wit it closing rates of September series, greasy merinos Lid. to 2d. higher. scoured merinos and scoured halfbreds, 2d. to 24d. higher. The above are only nominal as there were practically no New Zcaiands offered. Greasy anti scoured crossbreds. 2}d. to 3d. higher: fine slipes, 2d. to 2}d. higher, anti medium and coarse slipes, 2|<l. to 3d. higher. Murray. Roberts and Company. Ltd.: Saks have opened with a good tone, competition keen; Bradford and French buyers operating freely. Compared with last London sale’s closing rates, greasy merino, wool suitable for Yorkshire, advanced 15 per cent: wool suitable for the Continent advanced 15 to 20 per ’cent.: scoured merino, best, advanced 10 per cent.: scoured merino, other descriptions. advanced 15 to 20 per cent.; crossbred greasy tine advanced 20 per cent.; crossbred greasy medium and coarse advanced 20 to 25 per cent.: crossbred scoured advanced 20 to 25 per cent.; slipe crossbred advanced 15 to 20 per rent. Levin and Company, Ltd.: 'Tile auctions opened here to-day with very strong oompetilion from a large attendance of Home and Continental buyers. All sections of the trade arc buying, particularly the Continent. As at present arranged the sales will close on December 2. Compared with the closing rates of last sale, we quote: Greasy merino, fine halfbreds. 50/56’s. extra fine crossbreds, 48/50* s, fine. 46/48’s. medium. 44/46 s. coarse. 40/44'*-, and low crossbreds. 36/4(l'*-. also slipe, halfbred lambs, all 2d. to 24d. per lb. higher; slipe. medium and coarse. 2d. to 3d. higher; and scoured merinos. 2d. higher. The following prices arc current: —

Wright. Stephenson and Co.. 1.1 d., and Abraham and Williams, Ltd.: The sales opened before an average attendance of buyers, among whom competition was animated. Continental and Bradford buyers were, the chief operators'. An average selection of wool was offered. Wc quote the following average realisations: —Greasy merino, 60/64, yielding 48 per cent., lad.: greasy fine halfbred, 56/58, yielding 62 per cent., 151(1.; greasy halfbred, 50/56. yielding 6S per cent..' 141 d.; greasy three-quarter-bred. 48/50, yielding 74 .per cent.. greasy tine crossbred. 46/48, yielding 75 per cent.. 12}d.: greasy medium crossbred, 44/46, yielding 75 per cent.,_l2d.; greasy xwossbred, 40/44. yielding 76 per cent.. 12d.: greasy coarse crossbred. 36/40, yielding 76 per cent., 10Jd.; crossbred lambs. 46/50. yielding 74 per cent.. 11 Id. As compared with closing rates at the' September series, merino and flue halfbred are 2d. up. halfbred 31d. u,p. three-quarter-bred, 3d. up, fine crossbred, medium crossbred, and crossbred 21d. up. coarse crossbred 2(1. up, and crossbred lambs Jd. up. Australian merino prices are 15 per cent, higher, and sliped prices 15 per cent, to 20 per cent, higher. The selection of greasy Now Zealand wool was very limited. All countries, includ inc America, were competing. The New Zealand Loan and Mercantile Agency Company. Limited : There was a full attendance at the opening of Ihe sales to-dny, competition by Home and Continental buyers being spirited. The opening catalogues were representative. As compared with last sale’s closing rales, prices are higher 2d. to 24d. per lb. for scoured merino, super and greasy merino; prices are higher 24d. to 3d. per lb. for crossbred .slipe. fine scoured crossbred. coarse scoured crossbred, and greasy crossbred, and 3d. to 4d. per lb. higher for scoured merino inferior. Now Zealand Farmers’ Co-operative Distributing Company, Ltd.: Wool sales opened to-day with large attendance and good competition. Prices compared with close of last series (September) are as follows: Greasy merino. 10 to 15 per cenl. up. Scoured merino. 74 io 10 per cent, up. Crossbreds. 20 to 25 per cent. up. Slipes. 15 in 20 per cent. up. Farmers’ Trading Co. The interim dividend on the Farmers' Trading Company’s A and B preference r'harcs at 5 3-5 per cent, per annum and on the C preference at 5 per cent, per annum will be paid on November 30. British Funding Loan By Telegraph—Press Assn.—Copyright. London, November 17. The Government announces a new issue for a medium-term loan of £100,000.000 in the form of a 2? per'cent, funding loan, redeemable 1952-57. at the price of £9B/10/-. The loan in being floated partly to finance. the redemption of £35,000.000 of bonds maturing in February, and partly to fund the floating debt.

Merino — 1S3d. to I'.l’d. per lb Average Ki |d. 17}d. j > .. Fine H.alfbred • - Super. 56/58's 1G-ld. 17}d. 11 Average lo|d. 1(1 |rl. j i •t Medium— Super. 50/50's 133d. 14’d. ti »» Average 13-|d. 13Jd. »» Extra Fine Crossbred — Super. 48/5O‘s 12Jd. 13|d. Average 123d. 12’d. a t Fine Crossbred — Super. 46/4S‘s 12d. 12 Id. .. 19 Average 11 12 |d. >« • • Medium Crossbred , Super. 44/40‘s 12d. 12.Id. II Average 11’d. 12]d. ■« < > Coarse Crossbred--Super. 40/44‘s 1 I’d. 12-|d. 11 Average . . ; lUd. 12d. ,, 1} Low Crossbred — Super. .36/40‘s 11’d. 12 |d. . < •. Average ibid. 12d, ••