LONDON WOOL SALES

Evening Post, Volume CXXIII, Issue 100, 29 April 1937, Page 12

LONDON WOOL SALES

THE CROSSBRED DEMAND

WILL HIGH PRICES HOLD?

(By Telegraph-l'ress Assn.-Copyright! '.' ■ ' .LONDON, April,23.

,Messrs. Dawson, Btd.. commenting on the wool' sales, state that the heights ' prices- attained were almost -fearsome and enough to make folk -.nervous. However, all old * crossbred stocks were completely cleared, and the position appears impregnable. . Merinos advanced more modestly, but with limited supplies and a strong general demand prices may remain still buoyant. The real test must shortly be faced when supplies ■ are more plentiful. Meanwhile, consumption in all grades has developed at an unexpected rate. The outstanding feature of the season has been the resumption of Russian ' operations. Unexpectedly strong support ■ from America also helped'the market. The home trade finds difficulty in making ends meet where selling and buying are being dragged at the heels of the strong world demand.

(13y Telegraph—Press Assn.—Copyright.)

(Received April 29, 12.5 p.m.)

LONDON, April 28.

Offerings at the wool sales today were 9313 bales, including 2994 New Zealand, and 6395 were sold.

; Active ■ competition ruled .for the good selection submitted, consisting chiefly of Australian merinos of which the bests" sold well at full current rates, and chiefly to the home trade. New Zealand greasy half bred "Boscobel" sold at 21£ d per lb highest arid 20jd per lb average.