WIDER COMPETITION FROM ALL SECTIONS

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

WIDER COMPETITION FROM ALL SECTIONS

"The March series closed with, the market at its highest point,” states cabled advice from the London Office of the Committee of London Wool Brokers concerning the London sales. “Typical prices for Gisborne-East Coast average clips were.—Second shearing A grade 45id; B hoggets, 44Jd; C hoggets, 44d; necks, 40d to 42d; pieces, 37d to 39d; bellies, 34d to 36d; first lambs, 48d to 50d.” Bank of New South Wales Report

The Bank of New South Wales has received the following cabled advice from its London office on the final stages of the wool sale series:—

“Wool sales closed today at' the highest point of the series, with keen and general competition. Compared with the opening of the series, Merinos were up to 10 per cent, dearer, medium and coarse crossbreds, both scoured and greasy, fully 10 per cent, dearer, particularly skirtings. "Average or estimated prices of New Zealand greasy-fleece ordinary topmaking wools were: Merino, 60/64’s, 74d to 78d per lb; fine halfbreds, 56/58’s 58d to 62d: halfbred. 50/56’s, 49d to 53d; three-quarterbred, 48/50's, 44d to 46d; fine crossbreds, 46/48’s, 43d to 45d; medium crossbred, 44/46’s, 42d to 44d: coarse crossbred, 40/44’s, 42d to 44d.” Union Bank of Australia Report

From its London office, the Union. Bank of Australia has received advice that the London sale closed at the highest point of the series, and that competition was general and wider from all sections of the trade than at any previous time since the opening. Compared with the opening rates. Merinos were up to 10 per cent, dearer and fine, medium and coarse crossbreds 10 per cent, dearer excepting halfbreds, which were only 5 per cent, dearer. Closing quotations for average style New Zealand fleece wools were: Merinos, 60/64’s, 74d to 78d per lb.; fine halfbred, 56/58’s, 53d to 62d; halfbreds, 50/56’s, 49d to 53d; three-quarterbred, 48/50’s, 44d to 46d; fine crossbred, 46/48’s, 43d to 45d; medium crossbreds, 44/46’s, 42d to 44d; crossbred, 40/44’s, 42d to 44d.