WOOL MARKET

Evening Post, Volume CXXIII, Issue 55, 6 March 1937, Page 7

WOOL MARKET

LONDON VERY STRONG <

The Bank of New Zealand, Produce Department, has received the following advice from its London office under date March s:—Market very' strong. Excellent' general competition, including Russia. Prices are.,par to 5 per cent, higher than, opening rates. Current quotations for. wools of average condition: —Merino, super 60/64's. 19Jd to 21d per lb; ordinary, 60/64's. 16* d to 17Jd; inferior. 60/64's, 14d to 15d; halfbreds. 56/58's. 18d to 20d; 56's, 17d to 18d: 50/56'?. 16id to 17Jd: crossbred, 50's, 16d to 16id; 48/50's, 15£ d to 16d; 4fi/48's. 15d to laid; 44/46's. 15d to 15Jd; 40/44's, 15d to 15£ d; 36/40's, 15d to isjd. ■■ ■ " ' ."."■ ■-■';■ Murray. Roberts, and Co., Ltd.. are in receipt of the following' wool market cablegram from their London agent, dated Marcl. 5: —Sales continue with a good tone, competition improved. Continental buyers operating more freely. Greasy merino and crossbred greasy par to 5 per cent, advance. All other descriptions of wool market show a hardening tendency The New Zealand Loan and Mercantile Agency Company. Limited, has re~ ceived the following advice from its London house, dated March s:—London wool sales gain firmness as they progress, merino greasy being 5 per cent, ?.nd crossbred 2| per cent, to 5 per- cent higher. - • •