"EXCITED WOOL SALES"

Evening Post, Volume CXV, Issue 109, 11 May 1933, Page 14

"EXCITED WOOL SALES"

FUTURE OF FINE GRADES

THE CROSSBRED POSITION

(Received May 11, 10.30 a.m.) LONDON,'May 10. Henry Dawson, Sons, and Company, Ltd., Bradford, woolbrokers, declare that tho London wool sales now proceeding are the most excited held in recent years. They moderately register a welcome improvement in the general position. The consumption o£ merinos is now steadily overtaking supplies, and the fine grades should continue to harden in price. Crossbreds are affected by the abnormally large offerings of such wools, but prices fo_r these grades should be helped by the increases in those for the finer I grades. . (Received May 11, 10.15 a.m.) LONDON, May 10. A total catalogue of 8463 bales was offered at. the wool sales today, including 5474 New Zealand, About 7169 bales '■were sold. Brisk and general competition prevailed for all descriptions of wool. The. bulk of the offerings was cleared i at full open rates. Realisations of New Zealand wools were as follows:—Greasy merinos, "Craig Lockhart," ll%d highest,, 11 3-8 d .average; greasy crossbred, "Haveloek," lOVsd highest, 7 7-8 d average.

The Bank of New South Wales is in receipt of the following cable mesage from its London office, dated May 9:—"London wool sales: Merino, 7% per cent; fine crossbred (s.), S.per cent, to 7% per cent.; medium and coarse, 5' per, cent.; slipe, 5 per cent, to 7% per cent, above last sale close! Good competition." :..'..', Mqssrs.' Murray, Roberts, and Company, Ltd.,"arein receipt of wool market quotations from their London agents, May 10, showing opening rates, compared with closing' March' 'i-afes, as follows :— •■" ■ May March ' . " ". ' Series: Series. . -"■■ "■■■'■■. .'■■■.• '■• d. d. N.Z. merino, 80/64's, yielding 48 per cent. 9Vz 8% Halbred, 56's, yielding 60 ' 1 per-cent; ......'...:. 11 10% . Sup.'fn: crossbred, 50's, yielding 65 per cent, .- 7% 7% Fine- crossbred, 48/50's, mixed prep, and carding, yielding 70 per cent 7% 6% Fine . crossbred, 46/48's, ' mixed prep, and carding, yielding 72 per cent 5% 5V* Med. crossbred, 44/46's, preparing, yielding 74 per cent.. 5%A 5 Med. crossbred,. 44/465," card- ■ ing, yielding 72 per cent.: 4?4 • AYs ■ Coarse croebred, 40/44's, ' , yielding 73 per cent.. ~..V 4% 4 Low ._. crossbred, , 36/40's, '.' . yielding 75 per cent. .... None. 4 Messrs. Levin and Co., Ltd., yesterday received the following cable from their.London agents, dated May 9:— "The auctions opened here today with a large .attend-, ance of Home and Continental buyers. Competition was spirited. As at present arranged the sales will close on May 31. Compared with the-closing rates of last sale, we quote:—Greasy merino, best, Id per lb-higher,' average, %d; fine halfbreds, 50/56's, Id;' halfbredsi 48/50's, %clto %d; fine crossbreds, 46/48's, %d to %d; medium, 44/46's, %d to %d; coarse crosßbreds,"4o/44's(, %d to %d; low crossbreds, se^s, %d to. %d; fine Blipes,'%d to %d;i medium and coarse slipes, %d; scoured merinos, Id to l%d,' all higher."