PRIVATE ADVICES

Evening Post, Issue 60, 11 March 1936, Page 14

PRIVATE ADVICES

MODERATE COMPETITION

The Bank of New Zealand, produce department, has received the following advice from its London office under date March 10:—The sales have opened with moderate competition and large attendance of buyers. Prices for crossbreds are par to lid per 1b higher. New Zealand merinos not represented. RUSSIAN SUPPORT. Levin and Company, Ltd., have received the following cable from their London Agents, dated March 10:—The auctions opened here today with a large attendance of Home and Continental buyers. Good competition mainly from the Home trade supported by Russia. Compared with the closing rates of last sale the market generally is par to 5 per cent, higher, particularly for merinos and slipe wools generally. As at present arranged the sales will close on March 24. HOME TRADE CHIEF BUYERS. Dalgety and Company, London, report:—Wool sales opened. Average attendance. Selection chiefly New Zealand crossbreds. Good competition. Home trade principal operators. As compared with closing rates of last series (January), greasy merino, Jd to Id per 1b higher; scoured merino, Sd to lid higher; greasy halfbred, unchanged; scoured crossbred, £d to ia higher; greasy fine crossbreds, unchanged; greasy medium and coarse crossbreds? id to H higher; scoured crossbred, Yd to Id higher; slipes, |d to 3d higher; greasy lambs, id to id higheHALFBREDS IRREGULAR. ■' The New Zealand toan + and Mercantile Agency Company, Ltd., has received the following cabled advice from its London house, dated March Wool Sales.-There was a good attendance at the opening of the sales today, competition by Home and Continental buyers being.fairly active. As compared .with the close of preceding series, prices ruled about 5 per cent, higher except for greasy halfbred which is irregular and unchanged. The opening catalogues were fairly represeiva ERAGE SELECT ion.

Wright, Stephenson^nd Co.. Ltd., and Abraham and .Williams, Ltd.. re-port-having received cable from their London house regarding the London wool .sales reading as fol°The sales opened before an average attendance of buyers among whom competition was animated. Continental and Bradford buyers were the chief operators, while there was some Russian buying for all qualities, of crossbred wool. An average selection of wool was offered. As compared wvth closing rates of the January series merino and halfbred are id up, crossbred lambs id up. other grades no change. We quote the following average realisations:— Greasy. o merino, 60/64. yielding.4B per cent., 13d; greasy fine halfbred, 56/58, 62 per cent., 14Jd; -e as y halfbred, 50/56 68 per cent Hid; greasy three-quarterbred, 48/50, 74 per cent.. 9d; greasy fine crossbred, 46/48, 75 per cent., 84d; greasy medium crossbred. 44/46, 75 per cent., BJd; greasy crossbred, 40/44, 76 per cent. Bid; greasy coarse crossbred, 36/40, 76 per .cent, 8d; crossbred lambs, 46/50, 74 per cent., 113 d. Scoured prices were '5 per cent, higher and Australian merino prices were from par to 5 per cent, higher. Sliped prices were 5 per cent; to 74 per cent, higher. . ■■■ , .