LONDON WOOL SALES

Evening Post, Volume CXXIV, Issue 15, 17 July 1937, Page 6

LONDON WOOL SALES

The wool sales closed with an offering of 7258 bales,, including.-.-5001 bales New Zealand, . and ,5994. bales wera sold. < .' '..-'■ ■,-. •■ ■ ■ Competition was active . and- gooa clearances were effected at firm rates. New Zealand ■ scoured merinos. "Rosedale" sold • 30-Jd highest and 30 3-8 d average; slipe quarter-bred lambs, "Kaiapoi," made 23Jd; halfbreds, ''Kaiapoi" sold 21 Jd highest and 19 ■ d averag Throughout the sales 71,000 bale* were offered, including ' 23,500 Australian and 29,000 New Zealand sold; 5500 Australian and 16,000 bales New Zealand were held over. ". :.-.: '.',. ...-■ ■'■■' The home trade bought. 37,500 .bales, and the Continent -34,500 bales. ; •. Competition was increasingly acti-va as the sales progressed. _•• ■•.-'■ • The better - class of mennos were rather dearer. Faulty prices were par to 5 per cent, lower. Fine, crossbreds recovered their initial loss, and closed at par. Coarse. ■ grades were firm throughout. Slipes closed .at 5 per cent, lower. . . . ■ Dalgety and Company have received the following report irom ■ their London office:—Wool sales closed firm ana active. Home trade the principal operators with good support from France. !As compared with the closing rates of last sales:— Greasy Merino,:par to id higher; scoured Merino^ unchanged, scoured Merino, .short'and faulty,.!ja to 2d lower; greasy and scoured haUbreds, unchanged, except short, and 'faulty; lj-d to 2d- lower;--fine;rriedium, and coarse , greasy = crossbreds, • . unchanged; scoured crossbred, par to la low"?,- slipes, lambs, id to ■.Id:- lower: slipes, other descriptions/ Id.-tor lid. lower; greasy lambs,-par to Id lower. Quotations for greasy, wools. unchanged as compared with closing rates of last Zealand Loan and ■ Mercantile Company, Ltd., has received the following advice from its London.house July-16-—London wool sales. = The.sales closed nrmly today home buyersiaeinj the orincipal operators.. Competition on French account was. fa rly ' active. A? compared with last sales' closing retes Sees are par to Wper lb higher for super and medium greasy merino: nrirps are Id per lb lower for scoured merino fnferior, , medium, and .coarse S-OMbred slipe; Id to Ud.petjb lower I for fine crossbred slipe, and par.to^d 'ncr lb lower for greasy merino ,mFerior Quotations for good average 40/44-s, 16d to 17d; 40's,,«dtod7d.: