LONDON WOOL SALES

Evening Post, Volume CIV, Issue 126, 24 November 1922, Page 7

LONDON WOOL SALES

DEMANDS FOR CROSSBREDS,

(UNITII rMIS ASSOCIATION.—COMMfIHT.")

(AUSTRALIAN - HBW ZIAIANB CAIII ASSOCIATION.) LONDON, 22nd November, The wool sales have opened. In all, 14,904 bales were offered, including 5556 from New Zealand. There was a, very large attendance and remarkably strong competition for all crossbreds from the American, Continental, and Home trade.' Mediums were in especially keen request, and sold at 10 per cent., above the October closing rates. Tine and low showed 7£ per cent, advance. • Merinos were barely sufficient to permit of definite quotations, but the few offered showed about 5 per cent, decline.

Messrs. Johnston and Co., Ltd., are in receipt of the following cablegram from their - London agents, under date 22nd November:—" Wool sales opened; keen competition; fine crossbreds advanced 2£ per cent.; medium crossbreds advanced 10 per cent.; coarse crossbreds advanced 7^ per cent.". . : The New Zealand Farmers' Co-opera-tive Distributing Company, Ltd., report having received the following cable from their London office:—Wool sales opened yesterday, full attendance of buyers. Scoured fine crossbreds 5 per cent, up; scoured medium crossbreds 10 per cent, up; scoured coarse crossbreds 7£, per cent, up; scoured merinos unchanged."

Messrs. Murray, Roberts, and Co. are to-day in receipt of a cable from their London agents, . dated 22nd November, reading as follows:'—" Salos have opened firm. Large attendance of buyers; brisk competition; all sections operating. Merino, poor selection offered, not sufficient to test the market. Crossbred, greasy comeback, par to 6 per cent, advance; crossbred, greasy fine, par to 5 per cent, advance; crossbred, greasy medium, 10 per cent, to 15 per cent, advance; crossbred, greasy coarse, 7£ per cent, to 10 per cent, advance; crossbred, greasy suitable for America, shows the greatest advance."

The Wairarapa Farmers' Co-op. Association, Ltd., is in receipt of the following cablegram from its London agents Under date 22nd November:—"Wool sales opened to-day (Wednesday) to a large and representative attendance of buyers, including American. .Compared with closing rato of previous sale, fine crossbred advanced 2| per cent., medium crossbred advanced 10 per cent., and coarse crossbred advanced 7£ per cent."

The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cablegram from its London house under date 22nd November: —"There was a full attendance at the opening of the sales to*day, competition by Home, Continental, and American buyers being keen, and prices Compared with the close of preceding s&rke I'ule: Ear to 5 per Cent, lower for merino, of which there was Only a small quantity catalogued ; fine crossbred, par to 5 per cent, higher,; medium crossbred, 10 per cent, higher, and coarse wanb i<d~Lgefr>owfa.,.f*kflKiT.l'- ,