LONDON WOOL MARKET

Evening Post, Volume CXXI, Issue 107, 7 May 1936, Page 12

LONDON WOOL MARKET

IN BUYERS' FAVOUR

POLITICAL INFLUENCES

(By Toleeraph—PiCbb Assn —Cupj u o 'ht )

(By Iclegriph,—Pioss A^n — Coin n<,ht) (Received May 7, 11 55 a m ) ( , LONDON, May 6. At the uooi saics today 11,272 bales •were ofifeied, including 3758 New Zea land Sales weie 8191 bales A good selection was submitted and. competition was> active, but chiefly from the home bade Australian greasies wcie againlaigely withdrawn, owing to urn limits. Prices favoured buyeis New Zealand greasy halfbied 'Hakataramea" 'sold MJJd highest, lad average. ' (Received May 7, 11 am) I LONDON, May .6. "Poor Continental competition at the \\ 00l sales today was chiefly responsible i'dr" values tending in buyers' favour. Hemy Dawson, Son, and Co, lemaik that France is veiy neivous o\cr its own internal situation, also ovei the present distuibed international outlook Germany is still out ot the maiket on account ot its import restrictions The position in. Great Britain, however,, is sound and prospeioui, but a period cautious hading during the bummer is advisable Wool is on a sounder foundation than most raw materials, but the lecent n-| legularrtiesiin the cotton and wheat markets cannot be ignored. The Bank o£ New South Wales is m leceipt of the following cable message from its London Office, dated May 5 — London wool sales opening prices compared wifti last sales close geneially par, but occasionally m buyers' favoui Average 'or estimated prices of New Zealand greasy fleece ordinary topmaking wools —Merino, 60/64, 13Jd per lb; fine halibrod, 56/58, 13id; haUbied, jO/56, Hid; three-quarter bred, 45' dO, 9d, fine crossbied, 46/48, B>d, medium, 44/46, B£d, crossbred, 40/44, 84d. The Bank, of Australasia is m receipt ol the following cable, dated London, May 5, from Messis Balme ana Thomas, woolbrokers, London—London colonial wool sales: Merino is pai to 5 per cent cheapei, ciossbrcd, all grades, par to 5 per cent cheaper when pnees aie compared with those of the closing rates of last season. Miuray, Roberts,, and Co, Ltd, aie in receipt of the following wol« market quotations from their London agents, dated May 6 — Opening Closing rates, rates, May. March. >, Z merinos, 60/6 i , Jieldlng 48 per cent If 13'-=a Halfbred, 56's, 64 per cent l-ftd l- iQ buperflno crossbred, 50 s, ,0 per cent 9 -a Juu rino crossbred 48/50's mi\ed prop, and card ,72 per cent Od 0' 2 d Tine crossbrod, 46/4S s mixed prep and card ,74 per cent. S>.d b\<l MeJ crossbred, 44/46 a, prep 7S per cent . S'.d b\U Mcd crossbred, 44/40 s, card , 74 per cent S»'_d 8> d Coirse crossbred, 40/H's, 73 per cent «'«• s"=d Loh crossbred, -56/10's, 76 per cent 8d Sd