WOOL POSITION

Evening Post, Volume CXIII, Issue 123, 26 May 1932, Page 14

WOOL POSITION

LONDON SALE RESULTS

RATES MAINTAINED

(Received 26th May, 10.30 a.m.) LONDON, 25th May.. Offerings at the London wool sales to-day were 9297 bales, including 4067 bales of New Zealand. Approximately 5674 bales were gold. Opening rates were maintained, and there was.a more general demand. Some withdrawals of lines offered were made owing to the high limits placed upon them. Realisations of New Zealand wools included "Kawa," greasy crossbred—Highest "price, 7%d; average, 5%d. Messrs. Murray, Eoberts, and Co., Ltd., are in receipt of the following wool market cablegram from their London agents, dated 24th May:—"Sales have opened, competition fair; Bradford buyers principal operators; greasy merino, poor selection offered, par to 5 per cent, decline; scoured merino, nothing offered; crossbred greasy fine declined 5 to 7% per cent.; crossbred greasy medium declined ,10 per cent.; crossbred greasy coarse declined 15 per cent.; slipe crossbred declined 10 to 15 per cent.; crossbred. scoured declined 15 per cent." : : : Quotations for the opening o£ the present sales compared with rates at the close of the April series, ore as follow:— May. April. Perlb. Perlb. . . ■ d. d. . New Zealand Merluo CO-64's yielding 48 per cent. ....... t% 7« Ealfbred 56's yielding 60 per cent. 7^4 8 Sup. crossbred 50's yielding 65 per cent. 6% 6% Fine crossbred 48-50 mixed pre. and card, yielding 70 per cent. 5% 0 Fine crossbred 4G-48'a mired prep, and card yielding 72 per cent. i% 51,4 Med.: crossbred 44-46's prep, '.yielding 74 per cent ........ 4% 5 Sled, crossbred 44-46's card. yielding 72 per cent. i% "4% Jicm crossbred 30-40's yielding 75 per cent. 3% 4*l The Bank of New South Wales is,in receipt of the following cable message from its London office, dated 24th May:— "Wool market: Merinos, par to 5 per cent, lower; erossbreds, 10 per cent.; medium coarse, 10 per cent, to 15 per cent.; slipe, fine, 7% per .cent, all cheaper than last sale close."