PRICES EASIER

Evening Star, Issue 21709, 2 May 1934, Page 7

PRICES EASIER

LONDON WOOL SALES MANY WITHDRAWALS Press Association—By Telegraph—Copyright LONDON, May 1. (Deceived May 2, at 10.30 a.ra.) At the wool sales 7,992 bales were offered, including 3,037 from New Zealand. Approximately 2,490 bales were sold. There was a moderate selection and a crowded attendance. Competition was somewhat hesitant and irregular. Germans were present, but were not operating. There were frequent withdrawals. _ ' Compared with the March closing, rates, line mcroinos were par to 5 per cent, easier, others 5 per cent, easier. Cross-brcds, fine, were 5 per cent., ami medium and coarse 74 to 10 per cent. lower. New Zealand slipe, half-bred lambs, Feilding, top 18d, average 14Jd. THE AUSTRALIAN CLIP MELBOURNE, May 2. (Received May 2, at 10 a.m.) The president of the Melbourne Woolbrokers' Association (Mr N. Carson) said the export value for this year’s Australian wool clip will bo about £55,000,000. Australia at present had 112,000,000 sheep. Messrs Dalgeiy and Co. Ltd. advise having received the following cable from their head office, London, dated Ist hist. The wool market opened with a large attendance. Selection mostly cross-breds, with competition irregular and hesitating. Good demand for skirtings. Compared with closing rates of hist series:—Merino, par to id lower; cross-bred, fine, id to Jd lower; medium and coarse, Jd to Id lower; slipes, fine, Id to Jd lower; slipes, medium and coarse, -Jd to Id lower. No German buying, but possibilities of some next week. Messrs Murray, Roberts, and Co. Ltd. have received the following wool market cablegram from their London agents, Messrs Sanderson, Murray, and Elder Ltd., dated Ist iust. Sales have opened, competition fair, Yorkshire and French buyers principal buyers, poor selection offered. Compared with last Loudon sales closing rates, greasy merino, par to 5 per cent, decline; ■ cross-bred greasy fine, declined 5 per cent, to 74 per cent.; crossbred greasy medium, declined 74 per cent, to 10 per cent.; cross-bred greasy coarse, declined 74 per cent, to 10 per cent. ; cross-bred scoured, declined 5 per cent, to 7-1 per cent.; slipe crossbred, declined 5 per cent, to 74 per cent; National Mortgage and Agency Company of New Zealand I Ad. have received the following cablegram from their London office under date the Ist hist. :—The auctions opened here today with an average attendance of buyers and with good competition from all quarters excepting Germany. The selection of wool was only fair—this applies particularly to greasy cross-breds. Compared with closing rates of last sales we quote:—Greasy merino (best). Id lower; greasy merino (average). Jd lower; half-breds, 50-56-s, -Id lower; cross-breds—4B-50s, 46-48 s, 44-465, 40445. 36-40 s, Id to Id lower; half-bred and three-quartcr-bred lamb slipes, 4d to Id lower; greasy merinos, about par to 5 per cent, lower.