COMMERCIAL

Evening Star, Issue 21320, 26 January 1933, Page 12

COMMERCIAL

LONDON WOOL SALES. MERINO CROSS-BRED TIP, Press Association—By Telegraph—Copyright. LONDON, January 25. (Received January 26, at 11.40 a.m.) At the wool sales 9,326 bales were offered, including 3,261 from New Zealand. Approximately • 7,649 bales were sold. There was strong general competition. Fine merino cross-breds arc now 5 per cent, above the opening rates. New Zealand scoured merino, “ H. H. Oxford,” top 17d, average 16)d; greasv cross-bred, “ Hunthill,” 91 d and 7|d. “ Messrs Murray, Roberts, and Co. Ltd., have received the following wool market cable from their London agents (Messrs Sanderson, Murray, and Eldei Ltd.), dated 25th inst.: —Sales continue with good tone, competition keen and general. Greasy merino, medium to good; opening rates are barely maintained. Gross-brcd greasy medium, opening rates are barely maintained; cross-bred greasy coarse, opening rates are barely maintained. All other descriptions of wool, market very firm. SYDNEY STOCK EXCHANGE. CLOSED FOR HOLIDAY. Press Association—By Telegraph—Copyright SYDNEY, January 26. (Recovied January 26, at 11 a.m.) The Stock Exchange is closed for the anniversary holiday. SYDNEY WOOL SALES. LIST OF CURRENT PRICES. Press Association—By Telegraph—Copyright. SYDNEY, January 26. (Received January 26, at 11.40 a.m.) Wool prices for the current week’s market were:—Superior merino fleece, best to 21 jd; greasy merino fleece, best lod to 17d, good 13d to 14d, average lid to 12d; ditto light seed or burry skirts, good Hid to 12)d, average lOd to lid, inferior 6Jd to 9)cl; lambs, best to 15d, fine come-backs to I.TJ-d. Sydney brokers report that the average price of the week’s sales was £ll 14s 5d per bale, or 9d per lb. SALES ON ’CHANGE: THIS DAY. Christchurch. —Bank of New Zealand, 43s 6d; Mount Lycll, 21s 2d; N.Z. Drug Co., 56s Id (6), 56s (2); Nokomai, 5s 9d (3). Sales reported: N.Z. Government 4i per cent. Inscribed Stock, 1938 (late sale on the 25th), £95 15s. Auckland.—Bank of New Zealand, 43s 4d; Kempthorne, Prossers, 565; South British Insurance, 57s Gd; New Zealand Loan and Mercantile, £37 10s.