VALUE OF WOOL
THE LONDON SALES
(By Telegraph—Press Assn.—Copyright.) (Received May 8, 10.30 a.m.) LONDON, May 7.
"Impervious to the cyclonic storms which nave disturbed other commodities, wool remains sound," decia^e ±i. Day/son's, Sons, and Co., Ltd.
Reviewing the April-May series, the firm remarks that the muderatlon of the recent advance has.been its salvation. ■
United Kingdom slocks of wool are reduced, to under normal proportions, but buyers are cautious. There is every evidence that the wool market wul continue to enjoy prosperity. . .
At the close of the sales, New Zealand greasy crossbreds "HH" sold at 19Jd alb highest and 19d average; scoured halibred "Lilydale" sold at 3Hd and 29J.d; slipe half bred lambs from Feilding> at 22£ d and '203 d. There were 15,500 bales of Australian and 26,000 of New Zealand sold, and 6000 Australian, and 6500 New Zealand held over. Merinos sold at par to 5 per cent; . advance; greasy and fine crossbreds were 5 per cent, up. Medium crossbreds were .10 per cent, dearer' at beginning but eased slightly and finished. 7£ per cent. up. Scoured; wools lost their initial advance of 5 per cent.
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Bibliographic details
Evening Post, Volume CXXIII, Issue 108, 8 May 1937, Page 6
Word Count
188VALUE OF WOOL Evening Post, Volume CXXIII, Issue 108, 8 May 1937, Page 6
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