CROSSBREDS FIRM

Dominion, Volume 30, Issue 190, 8 May 1937, Page 15

CROSSBREDS FIRM

London Wool Sales Close HOME TRADE ACTIVE Bv I'clegraph.—Press Assn. -Copyright London, May 6. At the final wool sales of the series. 7643 bales were offered, including 3291 from New Zealand, and 5189 were sold. A moderate selection met keen competition from the Home trade. Sellers’ limits were above buyers’ ideas, and withdrawals were frequent all round. Throughout the series 67.300 bales were offered and 55,500 sold. The Home trade bought 29,500 bales and the Continent 26,000. The tendency throughout, after being firm, was quieter, but competition was keen. Compared with the closing prices of the last series, prices were from par to 74 per cent, dearer. The following cabled reports were received yesterday by Wellington houses: Bank of New Zealand produce department :—The sales have closed firm for all kinds of wool. Current quotations for wools or average condition: —

Bank of New South Wales: —London wool sales closed to-day with good and general competition. Compared with opening, good style merinos are firm; other kinds slightly in buyers' favour: crossbreds firm. Dalgety and Co,. Ltd.:—Wool sales closed active, with competition general. Home trade principal operators. As compared with closing rates of last series:— Greasy merino, par to id. lower: scoured merino, id. to Id. higher: greasy halfbred. id. to Id. higher; scoured halfbred. Id. to lid. higher: fine greasy crossbred, id. to Id. higher; greasy medium and coarse crossbred, Jd. to Id. higher: fine scoured crossbred, Id. to lid. higher; medium and coarse scoured crossbred, par to Id. higher: fine slipes, Id. lower: medium and coarse slipes, par to. Id. higher; greasy lambs, id. to Id. higher. The following is the range of prices:—

Levin and Co.. Ltd.: —The auctions

closed here to-day with n good tone. Good competition, mainly from the Home trade. Total quantity offered billbales; sold, 55,590 bales; carried torwaid, 13,000 bales, including 6000 bales Hom Xew Zealand. Compared with the opening rates, we quote; Greasy merino. 1 to Id per lb. lower; fine haltbreds, 00/565, Jd. to id. lower; all erossnreds. »(. lower; slipe halfbred lambs, Id- to 2d. lower; slipes, mediums and coarse, id. to Id. lower. . Wright, Stephenson and Co., Ltd., ami Abraham and Williams. Ltd.: —The sales closed before an average attendance ot buyers, among whom competition was -ood. Conntinental and Bradford buyers were the chief operators. American and Russian representatives were not buying. A total of 67,300 bales was offered.' and of these 55,500 were sold. A good selection of wool was offered. Australian merino, scoured and slipe wools, were firm. Murray, Roberts and Co., Ltd.: — Sales have closed with a good tone, competition general, market irregular. Compared with last London sale's closing rates: Greasy merino, best descriptions, advanced 5 ner cent.; greasy merino, other descriptions, market shows no change; scoured merino, best, market shows no change; scoured merino, other descrintions, market declined 5 iter cent.; crossbred greasy, fine, medium and coarse, advanced u per cent.; crossbred scoured, market shows no change: slipe crossbred, par to 5 per cent, decline. New Zealand Loan and Mercantile Aaencv Co., Ltd. The sales closed with fairly firm tone to-day. Home buyers were the principal operators. As compared with last sale’s closing rates, prices are higher, par to Id. per lb. for medium and inferior greasy merino and merino lambs; prices are higher Id. to Id. per lb. for crossbred lambs, greasy merino super, fine greasy crossbred and coarse crossbred slipe, and Id. per lb. higher for medium and coarse greasy crossbred; prices are lower Id. ;>er lb. for inferior scoured merino, and Id. to Id. per lb. lower for tine crossbred slipe. Otherwise the market is unchanged. Quotations for good average New Zealand greasy fleece wool: 60/64’s, ISd. to 191 d.: 56/58’s, 19d. to 201 d.; 56's, 17d. to’lBid.; 50’s, 16R1. to ISd.; 48/50’s, 16d. to 174 d.; 48’s, 16d. to 17|d.; 46/4S’s, 16d. to 171 d.; 46’s, 16d. to 17d.; 44/46’s. 16d. to 17d.; 40/44’s, 16d. to 17d.;' 40’s, 16d. to 17d. Bradford Tops Market By Telegraph.—Press Assn —Copyright. London, May 6. Owing to the lightness of stocks Bradford topmakers are not accepting new business unless at current rates. Latest quotations compare with those previously cabled as follows: —

Wright, Stephenson and Co., Ltd., and Abraham and Williams, Ltd- report having received cable advice from their Bradford agent regarding the tops market as follows: —Merino tops are Jd. down, while tine crossbred tops are unchanged. Other crossbred tops are id. up. Business is quiet, but consumption of crossbred tops is well maintained.

Merinos — d. d. Super, 60/64’s .... .. 20 to 211 Ordinary, 60/64’s .. .. 17 to 18 Inferior, 60/64’s .. .. 141 to 151 Half h rods— 56/58’s .. 181 to 19 i 56's •. .. IS to 181 50/56’s .......... to IS Crossbreds— 50’s .. 17 to 17* 48/50's ......... .. 161 to 17 46/48’s .. 16 to 17 44/46’s .. 16 to 17 40/44’s .. 16 to 17 36/40's .. 16 to 17

Merino — d. d. Good to super ....... 20 to 21 Low to medium 16 to 18 Halfbred, 56/58’s —■ Good to super ....... 20 to 21J Low to medium 16 to 181 Halfbred, 50/56's — Good to super ....... 18 to 19$ Low to medium 15 to 171 Fine crossbred, 48/50’s — Good to super 17 to 18 Low to medium 15 to 16} Fine crossbred, 46/48’s— Good to super ....... 17 to 171 Low to medium 15 to 161 Crossbred, 44/46’s»— Good to super ....... 17 to m Low to medium 14J to 161 Crossbred, 40/44’s — Good to super 164 to 17 Low to medium 14J to 16 Coarse crossbred, 36/40’s — Good to super 16 A to 17 Low to medium 141 to 16

Apr. 15. Apr. 22. Apr. 29. May 6. Merinos — d. <1. d. d. 70's . 40 J 41 41 41 64’s . 39 39 39 39 GO's 38 374 374 374 Crossbreds — 58’s . 34 34 34 34 56's . ' 32 32 32 32 50’s 97 27 27 0 g' 4(>'s . *244 #24 J #244 *24| 40’s . *24 *24 *24 *24 ♦Nominal.