LONDON WOOL SALES

Evening Star, Issue 20999, 13 January 1932, Page 12

LONDON WOOL SALES

GOOD COMPETITION PRICES FIRMER Press Association—By Telegraph—Copyright. LONDON, January 12. (Received January 13, at 11.30 a.m.) At the wool sales 6,853 bales wore offered, comprising 2,489 from New South Wales, 1,134 from Queensland, 702 from Victoria, sixty-six , from Western Australia, ninety-eight from Tasmania, and 2,364 from New Zealand. There was, a good representative selection and a large attendance, with good competition. Yorkshire and Germany were operating freely, but France sparingly. Prices, compared with December closing rates, were Merinos, good, par to 5 per cent higher; top-making sorts, fully firm; cross-breds fine, 5 per cent, higher; medium and low, firm and unchanged.

The New Zealand Loan and Mercantile Agency Company Ltd. has received the following cablegram from their London house, under date 12th instant: i—There was 'a good attendance at the opening of the sales to-day, competition by Home and German buyers being fairly active, and prices as compared with the close of preceding series ruled in sellers’ favour for good greasy merino and fine greasy cross-bred; otherwise market firm. The opening catalogues were fairly representative. Messrs Dalgety and Company Limited advise having received the following cablegram from their head office, London, dated 12th inst.“ The wool sales 'opened active. Animated competition, large attendance, and fair selection. Home trade principal operators, Continental buyers fairly active. Merino ■ firm at unchanged prices. Pieces and bellies par to 5 per cent, higher. Cross-bred fine, change if any is in favour of sellers. Keen demand 60’s and • above. Cross-bred medium, unchanged; cross-bred coarse, change if any m favour of buyers.” Messrs Murray, Roberts, and Co. Ltd. have received the following wool market cablegram from their London agents, Messrs Sanderson, Murray, and Elder Ltd., dated the 12th inst.:— Sales have opened firm, competition brisk; Yorkshire principal buyers, and buying, freely. Continental buyers operating moderately. Compared with closing rates of last London sales, greasy merino fine advanced 5 per cent.; greasy merino, other descriptions, market shows no material change. Scoured merino, market shows no material change. Cross-bred, greasy fine, market firm and shows a hardening tendency. Cross-bred, greasy medium, and cross-bred, greasy coarse, market shows no material change. Cross-bred, scoured, market shows no change. Slipo cross-bred, market par to 5 per cent, decline. 60-64’s (New Zealand merino), yielding 48 per cent., none offering; 56’s, yielding 60 per cent., lOjd (10Jd close of previous sale); 50's, yielding 65 per cent. 7gd (73d); 44-46’s, preparing, yielding 74 per cent., 6|d (6jd) 5 44-46’s, carding, yielding 72 per cent., 6d (6|d); 40-44’s, yielding 73 per cent., SJ-d (o^di.