WOOL MARKET

Gisborne Times, Volume LXXIII, Issue 11592, 18 March 1932, Page 2

WOOL MARKET

LONDON SALES N.Z. SCOURED COMBINGS REALISE 17 Ad. (TJ.P.A. by Elcc. Tel. Copyright.) LONDON, .March Id. At the wool ‘sales, 11,446 h-bs were offered, including i3lO bales from New Zealand, and about 1000 soldNew Zealand sales : Scoured combing, Lake Top, 17$d, Ibid; greasy balfbred, Bingley, ]Old, 10.',d; .slipe lambs, Feilding, lid, 10.'d. . The sales closed with a steady tone. Merino, greasy, were slightly firmer than, at the opening; seraireds were firm at full opening rates.; crossbreds, fine, eased somewhat, and arc now about 10 per cent, below February prices; medium and < oar«<* are unchanged; slipes arc :n keen demand, though unchanged.

The total amount catalogued was 112,200 bales, iaud sales wferc as follows: Home market 48,500 bares; the Continent, 44,000 bales. The total quantity of Australian sold was 30.500 hales, and New Zealand 39,000 ha Los.

It It OK El! S’ T! FLOUTS itTessrs Dalgety and Co., Ltd., have received the following cable from their head office, dated March 10: London wool, sales closed active with brisk competition. Home trade were principal operators. There .has been an improved Continental buying during the hist few days. especially Germany. As compared with closing rates of last series Greasy merino is id to 3d lower; scoured merino, par to id. lower; greasy half bred, -Jcl to Id* lower; greasy crossbred fine, 3d to Id lower; greasy cro'ssbred, medium and coarse id to 3d lower; scoured crossbred, id to 3d lower ; slipe, par to id lower ; lambs, greasy, unchanged. At the sales 112,000 bales were offered. Home trade have bought. 43,000 bales, and Continent 44,00.0 bales, the total, sold being 9-2,500 bales. The range of prices is as follows: Halfbred; 56-58, good to super, lid to 12d, .low.-to medium, Sd to 10£d; do., 50-56, good to super, 9cl to 10id; low t medium, 6id to Bid; fine crossbred 48-SQ. good to super, 63d to 9Jd, low to medium fijd to Sid; fine, crossbred bred, 46-48, good to .super, 6:jd to 6Jd, -jdow. to medium 4|d to 6d.; crossbred, 44-46, good to super, 53d to fi|d, low to medium, 41 d -to sid ; crossbred, 4044, good to super, s|d to 6d, low to| medium 4}d , to s}d; coarsb crossbred, 36-40, good to super, 5,1 d .to 53d, medium, to good, 43,d to sd. The N.Z. Loan • and Mercantile Agency Co., Ltd., are. in receipt at tiro following cable, from their .Loudon house. under, date of March 16: “As Compared with Ihst sale’s closing rates " prices are lower par to id per lb for merino, "scoured', merino lambs, and crossbred slipe. Lower id per Hi fob ctossbrod (scoured, medium, greasy crossbred, coarse greasy crossbred and greasy merino. Higher par to id pfir lb for crossbred lambs, and Id phr lb lower for .fine greasy cross-, bVed. The .sales closed with it fairly firm”' tone to-day. Home buyers are the principal operators. Competition on French account-, is fairly active. Tile prices realised for average; to super grades of descriptions as- jidlow. wore as follows: Merino super: 10(1 to l.ljd,- average 73d to S3d • 1 nfossbfhd—s6-58. 10<1 to; Uid, 5(K56 83‘d to lOd-- 48-50 Old'lo Sd. 46-48:5Jd to id. 4.4-46 s',d to . Gd, 40-44 5d to- 53d. 86-10 4.3 d to sid.’’ •The G.S.F.M. and M. Co., Ltd., received. 'the .flollpwi’ilg cabled advice from London yesterday; “London wool sales closed on Wednesday. Prices compared with the closing rates of last series are: Greasy merinos—good to . super 9d to lid, low to medium 7fd to 83d); scoured

merinos-—good to super 16d to 20d, low to medium 13d to 16d; greasy crossbreds —fine OJd to 11 Id ; medium /);?d to 8 Ad, eoan.se 4;;d to 6d; scoured crossbreds —fine 13d to 18d, medium 6Jd to 3d. coarse 4)d. to old; slipes—fine Old to is, medium ami coarse 61d to 9tl. The market closed firmly.’’ SYDNEY WOOL SALES. (U.P.A. by Elec. Tel. Copyright) (Received March 17, 9.2-5 p.m.A SYDNEY, March 17. At the wool, sales tie oiiorings were 10,363 bales, of which 5063 were sold, also 1692 privately. The market closed very firm after gooa allround competition. Greasy merino made tip to 22.;d.