PRIVATE ADVICES

Evening Post, Volume CXXIII, Issue 99, 28 April 1937, Page 14

PRIVATE ADVICES

STRONG COMPETITION

The Bank of New Zealand, produce department, has-- received; the following advice from its London: office un-der-date /.pril :. 27:—The sales have opened with. strong competition and large attendance of buyers.- Crossbreds are -generally; Id to lid/dearer. New Zealand merinos are not represented. . COMPARATIVE PRICES. Levin andCo^Ltd./ihave received the following : cable from their London agents, dated' April 27:—The auctions opened here/today .with a large attendance of Home'and-Continental buyers. There was good: general competition. As at present'arranged, the sales will close on-May i.6.::^ Compared with the closing rates .-of' last sale, we quote: Greasy ..merino,."best id to Id per Ib higher, average.id-to Id; fine halfbreds,. 50/565," id to :Jd;.'-:extra- fine .crossbreds, 48/50's, ■ Id' to• -1 J#fine ■crossbreds-,. 46/ 48's-ld to Ud;.'inedium,, 44/46 s. Id to lid coarse, 40/44' 5 ,.:1d; to. lid; . low, 36/40's, Id to ljd; slipe :halfbred,lamb», Id-: to-lid; slipes,.-medium-and coarse, i&'Xo Id, all higher. ..■

A POOR SELECTION. Wright, Stephenson and Co Ltd., and Abraham and Williams, Ltdj report .-having.-received cable -advice, from their London house regarding, the London wool sales ««%,.*»,:*£: lows: The sales opened before a large alisations:-Greasy merino, 60-6-Iyield-in" 48 ■ per cent., 18d (nominal); fine halfbred; 56-58. yielding:' 62- per . ceiit, lid (nominal): halfbred,so-56 yielding 68 per -cent. 17id; three-quartei-bred 48-50 yielding 74 per cent, 16£ d, fine crossbred- 46-48 yielding -75 per cent 16d; crossbred 40-44 -yielding^ 76 per cent, 16d; coarse crossbred,36-40 yielding 76 per cent., 15* d; crossbred lambs 46-50' yielding 74 per :■■ cent, 16£ d- . and sliped wool, prices .were from 5 per cent to lh per.cent, higher. Australian merino prices were 5 per cent higher. : As compared with closing rates for the March series todays prices range from id to Id up with qualities from 4S's to: s6'S showing the major risa. -.. ~<;y ■ ,-;C.i;-; ''■■ ' ■ TOFMAKINGWOOLS. The Bank of New South Wales has received the following, cable message from- its London office, dated April 27: London wool sales: Good and general competition. Merinos's; per cent., crossbreds 5 per cent, to 11 per cent, all dearer than last sales close.' Average or estimated prices. of Nev^Zealand greasy fleece ordinary topm'aking woolsMerino, 60-64, Is 6d; fine halfbred, 56----58, Is 6d; halfbred, 50-56, Is sid; threequarterbred, 48-50, ls.4id: fine crossbred, 46-48, Is 4d; medium crossbred, 44-46, Is 4d; crossbred, ;-40-44, Is 4d. VALUES AT CLOSE, OF MARCH. . Dalgety and,Co'.., London,, March 15,. reported; current values for New Zealand wools in the .grease as follows: — V- ■:. . '•-, Good to'S'iiner. Low.to Jlcd.. ■ ■■■•: " ■;■-■■■■ rt. ■-■•■■■■■«.'- d- - d. Merinos .....-..-■ 20 M, to-22 .17 .to ISI,* V.hred 56/58's..>. I%W to. 20" 2 , 15V4 to 171* J/sbred 50/oll's ... 17 to'lß% 15 to 16V 2 Fine cross -IS/oOs 3B lo 17 14V 2 to IS 14 Fine cross 4G-!S's l(i lo 17 UVi (o 15V 2 Crossbred 44/46's If! to ITVa 14 to ISV2 Crossbred 40/44's 15V4 to 17 13% to 15 Coarse cross SO/40's 15V4 to 18% 13"i to 14% The total catalogue to be offered at this series of sales will be 63,300 bales, including 18,050 of Australian, and 31,150 of New Zealand.. . The sales, close on May 6. ■>.-. ~ r.; . REPRESENTATIVE : The New Zealand Loan and Mercantile Agency Co., Ltd., has received the following advice from its London house, dated April 27:—London wool sales third series opened today. There was a good attendance and the opening catalogues ware fairly ' representative. Competition by Home; and Continental buyers was: fairly active. As compared with last sale's closing■ rates, prices are par to Jd per Ib higher/for greasy merino super, id to Id per 1b" higher for crossbred, slipe and greasy crossbred, Id per 1b higher for greasy merino medium, Id to lid .per lb higher for scoured' merino medium, and 2£d to 3d per lb higher for 1 scoured merino super. 1