LONDON WOOL SALES

Evening Star, Issue 20959, 25 November 1931, Page 9

LONDON WOOL SALES

GOOD COMPETITION AN ADVANCE IN PRICES Pro*s Association—By Telegraph—Copyright. LONDON, November 24. (Received November 25, at noon.) At the wool sales 11,853 bales were offered, including 4,559 from New Zealand. About 9,022 bales were sold. There was a representative selection of all sorts. There was a crowded attendance and good competition, especially from French and German buyers, but the Yorkshire demand was moderate. Prices advanced compared with October closing • rates. Merinos, greasy, were 5 per cent, higher, scoureds 10 per 'cent, higher; cross-breds, fine, 10 per cent., medium 5 to 7£ per cent.; slipes, 10 to 15 per cent. New Zealand greasy cross-breds, “ Waikeke,” Hid and 9id; half-bred lambs, Canterbury, 12Jd and 12£d,

Messrs Murray, Roberts, and Co. Ltd. have received the following cablegram from their London agents (Messrs Sanderson, Murray, and Elder Ltd.), dated the 24th inst.:—The sales have opened. Competition is good and general; Germans the principal buyers. Compared with closing rates of last London sales, greasy merino, best descriptions, advanced 7J per cent.; greasy merino, other descriptions, advanced 5 per cent.; scoured merino, best, advanced 7i to 10 per cent.; scoured merino, other descriptions, advanced 15 per cent.; cross-bred greasy, fine, advanced 10 per cent.; cross-bred greasy, coarse to medium, advanced 7i per cent.; cross-bred, scoured, advanced 10 to 15 per cent.; slipe fine cross-bred advanced 10 to 15 per cent.; slipe cross-bred, other descriptions, advanced 10 per cent.

The New Zealand Loan and Mercantile Agency Company Ltd. has received the following cablegram from its London house, under date 24th inst.: — There was a full attendance at the opening of the sales to-day, competition by home and Continental buyers being irregular. The opening catalogues were representative. As compared with last sales’ closing rates, prices are higher about Id to lid per lb for crossbred scoured, cross-bred slipe, and scoured merino; higher id to Id per lb for medium greasy cross-bred, coarse greasy cross-bred, and greasy merino; higher 2d for fine greasy cross-bred. The Otago Farmers’ Co-operative Association of New Zealand Ltd. is in receipt of the following cable from its London agents:—Wool sales opened yesterday. Prices compared with last London series: Greasy merinos, 5 per cent, up; merinos, scoured, good to super, 10 per cent, up; merinos, scoured, low to medium, 20 per cent, up; greasy fine cross-breds, 15 to 20 per cent, up; medium and coarse, 7i to 10 per cent, up; slipe, 10 to 15 per cent. up. Good competition from all sections of trade. Anticipate 213,000 bales will bo offered at this series.

Messrs Dalgety and Company Limited advise having received the following cablegram from their head office (London), dated 24th inst,;— Wool sales opened with a large attendance and good selection. Competition good, except greasy merino rather irregular. As compared with closing rates of last series:—

Greasy merino, par to id higher. Scoured merino, l|d to 2d higher. Greasy half-bred, lid to 2d higher. Greasy cross-bred, fine, lid to 2d higher. Greasy cross-bred, medium to coarse, id to 3d higher, except, Medium hoggets, Id to lid higher. Fine slipe, Id to lid higher. Other sorts slipe, id higher.