LONDON WOOL SALES

Evening Star, Issue 21621, 17 January 1934, Page 10

LONDON WOOL SALES

CPEHIH6 OF'HEW SERIES PRI3HS ADVAHCE Press Association—By Telegraph—Copyright. LONDON, January 16. (Deceived January 17, at 11.35 a.m.) At the wool sales 11,064 bales were offered and about 9,540 were sold. There 'was a good representative selection and a crowded attendance, with animated general competition, Yorkshire and Germany taking the bulk of shafty merinos and the Germans and French other merinos. Yorkshire was the chief buyer of cross-breds, but the Germans were also active. The advance, compared with December closing rates, was —merinos, greasy, 15 per cent.; scoureds, 10 to 15; cross-breds, fine, 25; medium and coarse, 20. New Zealand greasy cross-bred lambs , “ Oinoko,” top, 18}d; average, 17jd. Messrs Murray, Roberts, and Co. Ltd. have received the following wool market cablegram from their London agents (Messrs Sanderson, Murray, and Elder Ltd.), dated 16th inst.:— “ Sales have opened with a good tone; competition keen, all sections operating freely. Yorkshire and German buyers principal buyers. Compared with last London sales closing rates, greasy merino wool suitable for Yorkshire advanced 10 per cent, to 15 per cent.; scoured merino, best, advanced 10 per cent.; scoured merino, other descriptions, advanced 15 per cent, to 20 per cent.; cross-bred greasy, fine, advanced 15 per cent. to. 20 per cent.; cross-bred greasy medium of good lustre and breed advanced 25 per cent.; cross-bred greasy, coarSe to medium, advanced 20 per cent.; cross-bred scoured advanced 15 per cent, to 20 per cent.; slipe crossbred advanced 15 per cent, to 20 per cent.”' The National Mortgage and Agency Company of New Zealand Ltd. is in receipt of the following cablegram from its London office under date the 16th inst: —The auctions opened here to-day with a large attendance of home and Continental buyers and with keen competition. All sections of the trade are buving freely, particularly Bradford and Germany. Compared with closing rates of last sales, we quote:—Greasy merino, best, 2d to, 2Jd dearer; average, 2d to 2Jd dearer; halGbreds, 5056’s, 3d dearer; cross-breds, 48-50’s, 2d to 2sd dearer; 46-48’s, ,2d to 2£d dearer; 44-46’s, 2d dearer; 40-44’s, 2d dearer; 36-40’s, 2,d dearer. Half-bred slipes are 3d dearer and medium and coarse slipes 2fd dearer. Super, hoggets aye often dearer than the above. As at 'present arranged the sales will close oh February 1. The New Zealand Loan and Mercantile Agency Company Ltd. has received the following cablegram front its London house, under date 16th inst.: —The opening catalogues were representative. There was a full attendance at the opening of the sales to-day, competition by home and Continental buyers being active. As compared with last sale’s closing rates prices are higher 2d to 2fd per lb for cross-bred slipe, coarse greasy cross-bred, and greasy merino. Prices are higher 2sd to 3d per lb for scoured merino, medium and fine greasy crossbred, and 3d to 5d higher for scoured cross-bred. The Bank of New Zealand has received the following advice from its London office under date January 16;— The' sales have opened with keen competition. Compared with the close of last series, merino was 2d to_ 2fd higher, fine cross-bred 3d to 4d higher, and medium and coarse cross-breds were 2d to 2id higher.