LONDON WOOL SALES.

Evening Post, Volume CXI, Issue 35, 10 February 1926, Page 11

LONDON WOOL SALES.

Tho following cablegrams bare been received from London, dated 9th February, relative to the London wool Bales:—

Bank of New Zealand: "The Bales have closed firm for all kinds of wool. Current quotations: Crossbreds, fine, 16d to 17d per lb; crossbreds, medium, 14d to 15d per lb; crossbreds, coarso, 13d to 14d per lb; halfbreds, 17d to 20d per lb; merinos, super, 23d to 25d per lb; merinos, ordinary, $0d to 21d per lb; merinos, inferior, 17d to 19d per lb." Levin and Co.: "The auctions dosed here today with a good tone. As compared with the opening rates of this series, we quote: Greasy merino, best, %d to Id per lb dearer; greasy merino, average, %d per lb cheaper; halfbreds and crossbreds, no change; scoured*, generally 5 per cent, cheaper; slipe, halfbred lambs, Id per lb cheaper; sllpe. three-quarterbred lambs, %d per lb cheaper; coarse sltpes, %d per lb cheaper."

Murray, Robert*, and Co., Ltd.: "Sales have closed with a firm tone; good general competition; 75 per cent, of offering sold; Bradford buyers principal operators. Compared with present London sales opening rates—Greasy merino par to 5 per cent, advance. Wool suitable for the Continent shows the greatest advance. Scoured merino, best, par to 5 per cent, advance; Inferior, market Irregular and shows no material change. Crossbred greasy market very firm. Crossbred scoured, market shows no material change. Crossbred sllpe, fine, declined 5 per cent; other descriptions, market shows no material change. Compared with last London sales closing rates, greasy lambs have declined 10 per cent. Quotation: 60-64's (N.Z. merino) yielding 48 per cent, present closing rates 21, present opening rates 21>/4d; 563 yielding 60 pet cent,, 20 %d and 21d; 50's yielding 65 per cent., 17jd and 17* d; 44-46's preparing yielding 74 per cent., 15d and 15d; 44----46's carding yielding 72 per cent. 14% d and 14%d;-40-44's yielding 73 per cent. 14d and Daliety and Co., Ltd., report:— "Wool sales closed firm, with hardening tendency competition strong. Continental buyers are Operating more freely. As compared with closing rates of last series, greasy merinos, cood to super. Id to H4d lower, low to medium Id to l}d lower, greasy halfbred $d to Id lower, greasy fine crossbred par to %d lower, medium and coarse crossbreds unchanged, scoured fine croisbreds par to ljd lower, scoured, medium and coarse crossbred par to %& lower, sllpe fine cressbreds Id to l%d lower, greasy crossbred lambs Id to lVti lower, scoured merinos average to good 2d to 4d lower, scoured merinos Inferior 3}d to 4)d lower, medium and coarse sllpe crossbred par to Id lower. 168,500 bales wool offered. Including 50,000 New Zealand, 5000 Cape, 4000 South American. 133,500 colorlal, SOOO South American and sundry sold. Continent bought 62,000, Home trade 70,000, America 6000. 41,000 bales were carried forward, of which 22,500 were not offered. The following is the range of prices:—Merino, good to super, 2ld to 24jd; low to medium, I«W'to 19|d. Halfbred, 56 to 58, good to super, 20d to 23d; 56 to 58, low to medium, 17d to 19d; 50 to 56, good to super, lSd to 20d; 50 to 56, low to medium, 15V£d to 17a. Fine crossbred, 48 to 50, good to super, lOd to 18d; 48 to 50, low to medium, Hd to ISJd; 46 to 48, good to super, 15H<J t0.17d; 46 to 48, low to medium, 13»4d to 15d. \Crossbred, 44 to 46, good to super, 14y 3 d to 16d; 44 to 46, low to medium, 13d to 14d; 40 to 44, good to super, 14d to 15d; 40 to 44, low to medium, 12% dto 13d Coarse crossbred, 36 to 40, good to super. 13V 3 d to 14% d; 36 to 40, medium to good. 11',4d to IS%«. Wright, Stephenson, and Co., ltd., and Abraham and ■Williams, Ltd., report:— "Wool sales closed market firm, competition animated. Continental and Bradford buyers chief operators. Total offered for series 156,000 bales, of which 130,000 bales have been sold. Ordinary New Zealand top-making prices:— Greasy fine halfbred,, 56 to 58's, IB'Ad; halfbred, 50 to's6's, 17 W; three-quarterrbred, 48 to 50' a, ICid; fine crossbred, 4C to 48*8, 15jd; medium crossbred, 44 to 46's, 14% d; crossbred, 40 to 44's, 14d; crossbred lambs, 46 to 50's, 15d; scoured prices par; slipes par to 5 per cent, lower; Australian merino par to 5 per cent, higher."

New Zealand Loan and Mercantle Agency Co., Ltd.—"The sales closed llrmly to-day. As compared with last sale's closing rates, prices are lower about 5 per cent, for crossbred lambs and coarse and medium crossbred slipe. Prices are lower, about 7% to 10 per cent, for greasy merino inferior and fine crossbred sllpe. Prices aro lower about 10 per cent, for scoured merino super, lambs merino, and scoured, merino medium. Prices are about the same for greasy, crossbred. Prices are lower, about par to 5 per cent, for greasy merino, super. Prices are lower about 5 per cent, to 7Mi per cent, for greasy merino medium and scoured crossbred, and lower about 10 per cent to 15 per cent, for scoured merino Inferior. Home buyers are the principal operators. Competition on French account Is fairly active, and there is a fair demand for America. | The price* realised for average to super grades of descriptions as below were as follows:—Merino, super, 24d to 26d; merino, average, 17d to 2ld; crossbred 5?/58's, 18d to 21d; 50/56's, 16d to 19d; 48/50's, 15d to 17d; 46/48's, 14d to 16d; 44/4G's, 13% dto 15d; 40/44's, 13d to 14H<J; 36/40's,. 12>/ 2 d to 14d."