LONDON SALES

Evening Post, Volume CXXV, Issue 19, 24 January 1938, Page 12

LONDON SALES

"VERY FIRM MARKET"

The Bank of New Zealand,' produce department, has received the following advice from its London office, dated January 21: — \ The sales.continue with an excellent spot demand and a very firm market. The Home trade, France, and Russia are competing keenly. , . Current quotations for wool of average condition:—Merinos, "super 60/64 s, 15d to 16di per lb; ordinary, 60/64's, 12Jd to 13 hi per lb; inferior, 60/64's, lOd to 10id per lb; halfbreds, 56/58's, 13Jd to Uid per lb; 56's, 12Jd to 13Jd per lb; 50/56's, 12id to 13Jd per ,1b; crossbreds, 50's, 12d to 13d per lb; 48/50's, 113 dto 12|d per lb; 46/48's, Hid to 12Jd per lb; 44/46's. lid to 12d per 4b; 40/44's. lid to HJdper lb; 36/40's, lid to ll|d per lb. . Dalgety and Company Limited report having received the following range of prices ruling at the series of London wool sales at present in Progress: Merino, G-S, 131 dto 16d per lb;, L-M, lOd to 13d; half bred, 56-58's, G-S, 14d to 15id; L-M, IOJd, to 13id; haUbred, 50-56's, G-S, 12d to 14d; L-M, 10Jd to 113 d; fine crossbred, 48-50's, G-S, 12d to 14d; L-M, 10Jd to 113 d; fine crossbred, 46-48's', G-'S, 12d_to 13Jd; L-M. lOld to Hid; crossbred, 44-46's, G-S, 12d to 13{d; L-M, lOd to Hid; crossbred, 40-44's, G-S, lljd to 13d; L-M, lOd to lid; coarse crossbred, *;36-40s, G-S, Hid to 13d; M-G, lOd to lid. EXTENT OF ADVANCE. Murray, Roberts, and Co., Ltd., are in receipt of the following wool market cablegram from their London agents:—. "Compared with last London/sale's closing rates, crossbred greasy, best descriptions, advanced 5 to 10 per cent. Other descriptions par to 5 per cent, advance." ' ~ Quotations (the closing rates tor the November series are given in j parentheses):—New Zealand merino, 60-64's yielding 48 per cent., none (124 d); halfbred, 56's yielding G4 per cent., 13id (123 d); super fine crossbred, 50's yielding 70. per cent., 14d (12d); fine crossbred, 48-50's mixed prep, and card, yielding 72 per cent., 13d (HJd); fine crossbred, 46-48's mixed prep, and card, yielding 74 per cent., 12d Old); medium crossbred, 44-46's prep, yielding 76 per cent., 12d (lid); medium crossbred, 44-46's, card, yielding 74 per

cent., lljfd (lOJd); coarse crossbred, 40-44's yielding 75 per cent., _ lljd (103 d); low crossbred, 36-40's yielding 76 per cent., none (none). AH January offerings are super styles.