LONDON WOOL SALES

Dominion, Volume 32, Issue 235, 3 July 1939, Page 12

LONDON WOOL SALES

Good Prospects For July Series

PRICE RISES EXPECTED

The Bank of New Zealand, produce department, has been advised by its London office under date June 30, that the prospects for all kinds of wool at the next series, commencing on July 11, are favourable. , , . , It is generally expected that prices for merinos and halfbreds will advance one halfpenny, medium crossbreds three farthings to one penny and coarse crossbreds one penny a lb.

At the close of the third series of London wool sales on May 11 the market closed active and firm, with good prospects for crossbreds. The London office of the Bank of New Zealand reported the following quotations for wools of average condition : — d. d.

Merino — Super 6O/64’s .... 14 to 144 Ordinary 60/64’s . Ordinary 60/64's . 11 to 12 8’V to 91 Haifbredo —- 11 to 111 io| to u 10 to 11 56/1>8 s 56's Crossbreds — 50's 10 to 111 48/50's 46/48’s 44/46's 40/44’s 36/40*6 10* to lit • 10 to 11 10 to 11 10 to 11 10 to 11 Dalgety and Co., Ltd., reported the range of prices as follows: — Merino — d. d. Good to super Low to medium ... .. 8 to 12 Crossbred, 56/58's —■ Good to super .. 11* to 13 Low to medium .... .. 94 to 11 Halfbred, 50/56’s— ' Good to super .. 11 to 11* Low to medium ... .. 9} to 101 Fine crossbred, 48/50's — Good to super .... .. 10-J to 11* Low to medium .... .. 94 to 10* Fine crossbred, 46/48's — .. to 11J Good to super .... Low to medium ... Crossbred, 44/46's — Good to super .. 10J to 114 Low to medium ... .. 81 to 10J Crossbred, 40/44's — Good to super .... .. 10-J to 11J Low to medium ... .. 81 to 10 Coarse crossbred— Good to super .... .. 10* to lit Low to medium / ... Coarse crossbred, 36/4 O’st .. 8} to 10