GISBORNE-COAST CROSSBRED LAMBS’ WOOL UP IN LONDON

Gisborne Herald, Volume LXXVII, Issue 23207, 20 March 1950, Page 5

GISBORNE-COAST CROSSBRED LAMBS’ WOOL UP IN LONDON

(N.Z.P.A. — Reutor —Copyright.) LONDON, March 17

The market was again strong when the London wool sales were resumed today and the hardening tendency reported yesterday was fully confirmed. Another large selection of clips from Gisborne and the East Coast was fully cleared under the keen competition from the Home trade, with strong supDort from the Continent, but it was noticed that a few good-style lots of hoggets did not realise the extreme nrices paid during the last London series

Medium crossbreds, however, sold extremely well, while skirtings were in strong demand and slightly dearer than yesterday.

Good stvie lambs met increased competition especially from America and appreciated by 5 per cent during the dav's selling. Several consignments of off-sorts from Hawke's Bay and the East Coast that had been scoured on the growers’ account were sold to clothing manufacturers at very satisfactory prices, while among the scoured wools from the South Island. Merinos fetched up to 114Vd. and halfbreds up to 97)d. The committee of London Woolbrokers emote the following range of prices for New Zealand greasy wools ruling on the floor at the end of the first week of the series:

Merino Go'G4’s —good 74d. to 77d. average G7d. to Tld Fine halfbred 58-56'58's —good, 53d. to 6ld. average, 5Gd. to 53d. Halfbred 50/56's-sG’s. —good, 49d. to 51: average 47d. to 48d.

Fine Crossbred, 50-48/50's. —Good, 421 d to 44d: average, 40d. to 42d; inferior 36 to 38. Medium crossbred. 46—46/48 s —43’s— good, 41d. to 42d. average, 39Jd. to 40)d: inferior 36d to 37d. Fine Crossbred Hoggets, 50/54’s. — Good, 47d to 49d; average, 43d to 46d; inferior, 39d to 41d. Crossbred Lambs. —Average/good, 47d to old.

First Crossbred Pieces.—Average/ good, 35d to 37d. Crossbred Bellies.—Average/good, 31d to 34Jd.