LONDON JULY SALES

Evening Post, Volume CXXVI, Issue 12, 14 July 1938, Page 12

LONDON JULY SALES

CROSSBRED PROSPECTS DULL

(.By Telegraph—Press Assn.—Copyright.) (Received July 14, 9 a.m.) LONDON, July 13. Henry Dawson's, Sons, and Company, in commenting on the outlook for wool, state that while it is reasonable to expect that merinos will maintain their present levels, lack of consumption in the blanket and carpet mills is affecting the consumption of crossbreds. The marked improvement in business sentiment in the United States may help towards stability, but so far there is no concrete information available of recovery in either America or Europe. ' Unless Italy, Germany, and Japan are shortly forced into the market there seems no likelihood of any major improvement in values.

(Received July 14, 10.45 a.m.) .LONDON, July 13. At the wool sales 9015 bales were offered, including 4720 from New Zealand, and 7675 were sold. There was a good selection, arid competition was again active, although scoured merinos were frequently withdrawn. A good clearance was effected at full rates.

Murray, Roberts, and Co., Ltd., are in receipt of the following wool market quotations from their London agents, dated July 13:—The closing rates for the May series are given in parentheses:—New Zealand merino, 60/64, yielding 48 per cent, ll£d (ll|d); halfbred, 56's, yielding 64 per cent., llfd (llfd); superfine crossbred, 50's, yielding 70 per cent., 10£ d (10£ d); fine crossbred, 48/50's, mixed prep, and card., yielding 72 per cent, lOd (lOJd); fine, 46/48's, mixed prep, and card., yielding 74 per cent, 93d (10id); medium, 44/46's, prep., yielding 76 per cent, 10£ d (10% d); medium, 44/46's, card., yielding 74 per cent., 9jd (10id); coarse, 40/44*s, yielding 75 per cent.. 9|d (10£ d); low, 36/40's, yielding 76 per cent., none (9|d).