WOOL MARKET

Gisborne Times, Volume LXXIII, Issue 11768, 15 October 1932, Page 2

WOOL MARKET

LONDON SALES CLOSE GENERAL INGRESSC ON JULY ...;,. SERIJ43 .. COARSE CROSSBRED 10. PER . CENT. HIGHER Ip.P.A. by Elec. Tel, Copyright ) LONDON. Oct’. 13.

At the wool sales, 6278 .bales were offered, including 1864 from New Zealand, aiid about 4647 were sold. There was a miscellaneous offering, but a good general demand, late rates being maintained New Zealand sales: Greasy merino, Glynmvye, 9d, 8R1 : halfbred lambs, slipe 111 cl, 9|d. " Tho series closed firm, prices, compared with July closing rates, showing that merino, greasy, were 10 per cent, higher; scoured, 5 to 10 per cent.; shout pieces, 10 to 15 per cent. ■ crossbreds, fine '5 per cent.; medium and coarse, 7| to 10 .per cent.; slipes 10 to 15 per cent.

The total amount catalogued was 178,733, of which 51,000 bales , were held over. The total of Australian sold is 68,000 bales and the total New Zealand, 65.500 hales. Bradford is quiet, users being reluctant to add to their commitments ftill raw materal values are more settled. Quotations are : Seventies 23d. sixtv-fours, *22d; sixties. 18d; fiftysixes, 13d; forty-sixes 10£d; forties, Old. BROKERS' REPORTS Messrs 'Williams and Kettle, Ltd., report that (the sixth series of London wool sales closed on the 13th instant. The market was firm with the tendency of values in sellers’ favor, competition being well sustained to fclie end. As compared with prices ruling at the close of t]ie last 1 series on July 20, crossbred wool has advanced jd to fd per lb., fine and medium crossbred advanced id; coarse crossbred advanced id to -jcl. The following arc to-day’s quotations for wool of average stvie and condiion: 50-56* s 83d to 9: £ d; 48-50’s, 71d to 73d; 46-4 S’s. 6id to 7d; 44-46’s, s{d to 6d; 40-44’s, 5Jd to sid; 36-40’s, 43d 'to old.

The Gisborne Sheepfarmers’ Frozen Meat and Mercantile Co., Ltd., have received the following cabled advice from London: “The London September woo] .sales closed yesterday, prices compared with closing rates of last series being: Merino, good to super, 3d up, low to medium, id to 3d up: merino, scoured, good to super. Id up; low to medium, lid up; crossbred, fine. Id up, medium, id to fd up, coarse, id to id up : crossbred socured fine, lid up. medium id up. coarse id up ; slipe. fine ltd up. medium Id up, coarse, fd up. There was keen competition throughout the sale, the market closing firm The total sold to the Home trade was 67,000. and to tlm Conrinent 69.000

N.Z. Loan and Mercantile Agency Co.. Ltd., have received the following cable from their London office dated 14th instant; “The sales closed firmly to-day. There is good all round competition. As compared with last sales closing rates, prices are higher id per lb. for merino and crossbred lambs, medium and coarse crossbred greasy medium and coarse crossbred scoured. Higher id to Id per lb. for greasy merino, coarse and medium crossbred slipe. higher Id l o lid per lb. for merino scoured, fine scoured crossbred and fine crossbred slipe; higher Id per lb. for. fine greasy crossbred.” The Bank of New Zealand report as follows: Salles closed with good enquiry from all branches of the trade. Compared with the opening prices practically all descriptions were a Kittle easier. Quotations were: “Greasy merino, 60-64, good average condition, 101 dto 12d: greasy merino. ordinary. 60-64’s, good average condition. Bld to 9d : greasy merinos, inferior, 60-64’s, good average condition. 7d to 7Jd; halfbreds, 56’s. good average condition. 10'/l to lild. halfbreds. 50-56’s. go average condition. 7d to 8d ; crossbreds. 50’s, good average condition, 7d to 8d; cross-breds,'4B-50* s. good average condition O.Vd ffcy 7d: crossbred. 16-48's. good average condition, Gd to Old; crossbred, 4-1-IG’s. good average condition. s.’d to 6d : crossbred. 40-44's:. good average condition. stl to ofd: crossbred. 36-40’s good average condition, on to 5.01.''

Messrs Dalgety ami Co.. .Lad., have received the following cable from their bead office dated Oct. 13: “London wool sales closed firm and active. As compared with closing rates of last scries; Greasy merino is fd do Id higher; scoured merino, fd In L’d higher; greasy haldbred. fd io Id higher; scoured half bred, fd to 2d higher; greasy crossbred fine, fd to Id higher; greasy crossbred fine, id to Id higher; greasy crossbred, medium and coarse, fd to 3d higher; scoured crossbred, fine, 3d to Id; scoured crossbred, medium and coarse, par to ; slipe, halfbred lambs. Id to lid; slipe, other sorts, id to Id; greasy lambs 3d to Id.” The range of prices is as follows: Alcrino, good to super, iOjd tto 12d; low to medium, Sd to lOd ; ha.lfbred, 56-58, good to super, lid to 13d, low to medium, Sd to HHd; halfbred, 5056’s, good to super, 93d to 113 d; low to medium, 7d to 9-id; fine crossbred, 48-50, good to super, 7-id to 9d, low iio medium, oVd (to 63d; fine crossbred, 46-48, good to super, 63d to Bd, low to medium, si-d to 6-Jd; crossbred, 44-46, good to super, 6-id to 7td, low to medium, • 5d to 6d; crossbred 40-44, good to super, 6d to 7d, low to medium. T-Jd to ojd; coarse crossbred, 30-40, good to super, 53d to Old, medium to good, 4£d to sid.” Alessrs Murray Roberts and ,Co., Ltd., are in receipt of the following cable from their London house; “Sales closed firm, all sections operating freely. Continent were the principal buyers. Compared with last closing rates, crossbred greasy comeback and fine, advanced 10 to 15 per cent.; medium and coarse, 10 per cent.; scoured, flue, sto 10 per cent.; scoui--ed other descriptions par to 5 per cent.; slipe fine, 10 to 15 per cent.; cither descriptions, 0 to 10 per cent. ; 60-64’s N.Z. merino yielding 48 per cent. l'Od (9£d) ; 56’s yielding 60 per cent., lid (10-id) ; 50’s yielding 65 per cent. 93d (B|d) ; 44-46’s prep, yielding 74 per cent., 63 d 06d); 4446’s carding yielding 72 per cent. 6id (53d) ; 40-44’s yielding 73 per cent., 53d (sid) ; 36-40’s yielding 75 per cent. 5d (none) ; 46-48’s anxd. prep, and carol, vieldmg 72 per cent. 6id (61d); 48-50’s mxd. prep, and card, yielding ‘7O per cent., Bsd (73d.)” The prices shown in brackens aTe tho opening rates of the series just closed.

GISBORNE WOOL ODDMENT AND SKIN SALE The first of the series of local sales which have been allocated to Gisborne was field on Wednesday. There was a fair attendance of buyers and some good catalogues of wool, skins, aiid hides wore offered. Good lines or crutchings were scarce and the bulk of the wool offered comprised .second and seedy crutchings, secofid pieces and locks. A few star hales of fleece wools were offered and the prices realised were particularly good, considering -that most of the lines were straggler fleece, unskirted and of mixed" qualities. Competition was not as keen as at previous salefc, hut. nevertheless a ; good clearing was , effected., The total offering comprised 948 bales, 26 fadges and 130 bags wool. 4274 sheepskins and 214 hides, P,

which 771 bales, 25 fudges and 120 bags wool, 4251 sheepskins and 214 hides were sold. The next local sale is scheduled for December 9. The following is t'he range,of prices; ■ ; —Wool— CrutchTiigs, medium to good, 2Jd to Bln; seconds, IJd to 2Jd; seedy and inferior., Id to Ifd. Fleece: Fine crossbred, 5d to old; medium, 3d to od; seedy. Id to 3d. Dead; Firsts, 2Jd to 33d; seconds and inferior, ljd to 2d. _ Bellies and second pieces, lsd to 3d. Locks: ;{d rto lid. —Sheepskins—. Medium :to fine crossbred, threequarter ' to full woolled, sound pelts, 2id .to 31 d; coarse do. do., 2d to 3d; quarter to half-wools sound pelts, lid to 2fd; : pells' and clothing,. Id to' 1-Jd; inferior damaged and seedy, Jd to 2d. v :-Ty, .... ! —Hides— Country ox and cow, 2RV To ,33 d > country yearlings, ljd to 2Jd; country calf, 4d to sd; inferior and damaged, I^d-to 2d. .