LONDON WOOL SALES.

Evening Post, Volume CXIII, Issue 112, 14 May 1927, Page 11

LONDON WOOL SALES.

LONDON, 12th May. At the wool Bales there was a good average. ■ selection of merinos, principally Yorkshire style wools, aud. an excellent selection of greasy crossbreds and slipes. Late. »ates were fully .-.maintained. New Zealand lots: Mnkntcramea, highest pric 23.!, and aVcnißfi 2Bid; Fortune, 21d and ?M; Kyvhuvn. 24d and 18il and lGd. ■ Thri Bradford topß market haa a firm undertone. Tnp-mnkers are not anxious io-fcrrc business. Quotations: Sixty-fours, fifties', 2Cd; forty-sixes, '21% d; forties, IOHd. .■■■•• (Received 14th May, 2.30 p.m.) LONDON, 13th May. The wool sales have closed. The series marked a sensational variation of the prices on the opening days, when there seemed to be almost n danger of collapse, the bidding being slack and the withdrawals heavy. There was a general lack of confidence, but a decision to curtail the series changed, the tone amazingly and prices hardened daily. Merinos, after the reaction, recovered, and closed at March rates. - Apart from scourede, which have not fully recovered, lialfbreds closed extremely firm, occasionally above March prices. Medium low igrossbreds closed

firm on March rates. Scoureds were 5 pet cent. down. *^

he =atalo c"c comprised 96;724 bale» and si,m bales of colonial and 20000 Wf *° f P£i tv were 80ld- The Home trade took 28,500 bales and the Continent baff Jere^eldo^ 1 '^ °£" «'6W

Messrs. Hurray, Roberts and Co." ttd have received the following' wool market cablegram from their London agents,- dated 1-th May:-Sales have closed fern- competition keen; German buyers principal buyers. Compared with last London sales closing rates, greasy merinos, best descriptions, market firm. Greasy merino* other descriptions, market show, no ma! tenal change; scoured merino, fccept inferior descriptions, market • firmr Bcoired merino, skin wool, market firm;' lamb£ merino greasy, market shows nomaterUi change; crossbred greasy comeback, w' ket shows no material change' crossbred greasy fine, market irregular^ ■ SoSred greasy medium, declined 5 per cent bred greasy coarse, par to^pfr £ntfa£ vance; crossbred lambs, greasy, par -to 8 per cent, decline;, crossbred scoured,-ex-cept inferior descriptions, market, firmslipe crossbred, par to. 5 per ceri£ advance. .•■■-• ■ ■":. Tho Bank of New Zealand Produce Department has received, the following' advice from its London office under dat. 13th May:-Th« sales have closed firm for all kwds of wool. > Current quotations: Merinos, super, 24d to 25d per lbY merinos! I7i4d to 10d; halfbreds, 20d'to 23d- cross!>reds',^n!' "i-to-W**: .croMbredv^ed. U> 13% d 9 ' oroßßbreds ' .coawe, 12^1

Messrs. Levin arid Co., Ltdi havel W ceived the following cable from th'efr London agents, dated 13th May:-« The auctions have closed to-day at their W ■&j& %*&&&££ fs w- 4Uotable cha°ge-;. <n»"!E3£ Messrs. Dalgety and Co', Ltd ienorfc having received the following^'bCam from their Londonlouse, under,date of 13th May :-."Wool sales closed active with good competition. Highest point'of Id to U^ f e"*8 ' ***■ te°««*d-" merinS Id to l%d lower; other descriptions scoured merino par to 2d low^Ky merino par to Id lower./grcaey baEl brarT/v 8* e^-r eaium> «^S««" bred Hd to %d lower, except iuperior, which ,s unchanged; coarse ttossbrri; H4 to %d lower; scoured emmbred unchanged; fine slipe, par to Id fewer; other sliiS unchanged; .merin, te,b ß ,' unXnged^ crossbred lambs,.%d to M lower.. Of&ed 46 ol tt-T, o™^- h«e- .bought 46,000 bales. Home trade 26,600 bales America 1500 hO&, carried forward 43,S*> bales, of which 26,000 not offered. The following is the ,a,, S e of prices 12% d t<? n ?l%d: Jwlfbre* 58 to 68, good ti *5 25d, low to medium lSd t6 to. 22d, low to medium 16d to 18d; fine crossbred, 48 to-CO, goo* to «uper l«Hd to 20d, low to medium 14d «o 16d; fine crossbred, 46 to 48,-good to «aper 15% dto 17% di low to medium 13>/4d to 15d; crossbred, 44 to 46, good to super 14% d to"l6d, low to medium 12% dto v!4d; crossbred 40 to«, good to super-.13%d to 14% d, lowto nied.um 12d to ISttd; coarse crogsbred, 36 to 40, good to super 13d to 13% d, mcd.. mm "to good lid to 12% d;" - ' The New Zealand Loan and Mercantila Agency Co., Ltd., has received-the followi«g «ablegram from its Londoa house, Wder date 13th May ;-"The sale* closed nnnly today. As compared with last sale* closing rates, prices are lower about par *> S per cent, for crossbred lambs, greasy n»erh», inferior ondnscoured mermo. Others are at or'about the same a« last. Home trade demand" "hag-improved Continental active. "The piices realised for average to super .gradas.of descriptions as below were es follows:—Crossbred, 56 to to ; t& *• m to *» 14d. Other* are same as last. Last sales closing rates, 2nd April, were as follows: —Merino, super, 24d to 27d; average, 19d to 23d; Crossbred, 58 to 58, 23d to 25% d* 50 to 50, 19d to 22d; 48 to 50, 16d to 19d* 46 to 48, 14%<1 to 17d; 44 to 46, 13^d to m'oia^. 44 '12^01^^38 :*0^