WOOL PRICES AT HIGHEST IN FINAL MARCH SALE

Gisborne Herald, Volume LXXVII, Issue 23218, 1 April 1950, Page 5

WOOL PRICES AT HIGHEST IN FINAL MARCH SALE

(11 a.m.) LONDON, March 31. The March series of London wool sales closed today with prices for almost all descriptions at their highest point.

The final catalogues totalled 17,600 bales, including 9600 bales from New Zealand and there was a total clearance under widespread competition from both the Home trade and the Continent.

AH crossbred fleece and skirtings were in persistent demand and the advance of 5 per cent, reported yesterday was fully confirmed. The demand for lambs was less insistent than earlier in the series and, consequently, prices for them were a little irregular and sometimes easier. A feature of the sales was the high prices for a small offering of scoured wools from Ashburton Gorge shipped on growers’ account. Six bales of Merinos realised 122Jd while 104 d was paid for two lots of halfbreds, comprising seven and 13 bales respectively. The Committee of the London Wool Brokers report; “The following range of prices for New Zealand and greasy wools ruling on the floor at the close of the series:—

Merino, 60/64’s.—Super, 88d to 88d; good, 80d to 84d; average, 74d to 78d. Fine halfbred, 58’s, 56/58’s.—Good, 61d to Gsd; average. 57d to 61d. Halfbred, 50/56’s, 56’s.—Good, 51d to 55d; average, 48d to 50d. Fine crossbred, 50’s, 48/50’s.—Good, 46d to 47d; average, 43$d to 45Jd; inferior, 39d to 41d.

Medium crossbred, 46’s, 46/48’s, 48’s. —Good. 44d to 46d; average, 43d to 45d: inferior, 39d to 41d.

Fine crossbred hoggets, 50/54’s. Good, 51d to 54d; average, 45d to 50dL Crossbred lambs.—Average to good, 48d to 52d; first crossbred pieces, average to good, 39d to 41d; crossbred bellies, average to good, 33Jd to 36cL