WOOL OUTLOOK

Hawke's Bay Tribune, Volume XXV, Issue 77, 14 March 1935, Page 7

WOOL OUTLOOK

— « • YORKSHIRE SENSITIVE Strong Hopeful Factors LONDON MARKET FIRM (By Telegraph— Press Assn.—Copyright.) ; (Received 14, 11.30 a.m.) LONDON, March 13. Dawson’s report on the opening of the London wool sales says: "The York shire trade generally is sensitive. Au ultra nervous condition is prevailing ii: most commodity and financial circles The cotton slump does not improve I wool chances. The Japanese have re- j duced their operations. "Nevertheless, strong hopeful fat-| tors may be effective in the near j future. The pressing need is greater I outside support. It is hoped that Rus i sia will return to the market at an j early date.’’ At the wool tales 8012 bales were offered, including 3416 bales of New Zealand and 4384 bales of Australian wool. Approximately 6625 bales of New i Zealand and Australian were sold. There was a good clearance on Home ( and Continental account. Opening levels ■ were maintained. New Zealand greasy i crossbred, The Cliffs, fop price 10|d, I average 7 7-Bd. ■ Williams and Kettle, Ltd., report. : The second series ot London sales I opened on the 12th inst. Competition ! was general, but moderate, Home j buyers being principal operators. ! Crossbred medium to fine declined 5 to 7 J per cent, crossbred coarse par to 5 per cent decline. Dalgety and Ltd.,: 'The March scries opened with tun selection crossbreds, but Merinos poorly represented. Competition somewhat irregular, j Home trade principal operators. Con- j tinent buying sparingly. As compared with closing rates ot last series: — j Merino par to Jd lower, crossbred fine Jd to Id lower, crossbred medium Ad | to Jd lower, crossbred course par to Jd lower, scoured crossbred par to Jd I lower, siipe Ad to Id lower. Murray, Roberts and Co. Ltd.—6o/ M's N.Z. -Merino, yielding 48 per cent, March saies nil. January sales 9d; hall-bred o6s, 61, B|d, 9|; sup. fine crossbred uUs, 70, 7J, 7j; fine cross-I bred 48,50 s mixed preparing and card- j ing, 72, 6j, 7J ; 46/48s ditto, 74, GJ, GJ; medium crossbred 44'46s pieparing, 76, bj, 61; ditto carding, 71, SJ, ' 6; coarse crossbred 40, 445, 75, SJ, SJ; ( low crossbred, 36, Kls, 76, —, SJ. The Bank of Australasia: —Loudon colonial wool sales, merinos par to 5 per cent cheaper, fine crossbreds 7 J per cent cheaper, medium crossbreds sto 7A per cent cheaper, coarse crossbreds par to 5 per cent cheaper, siipe (s) 71 per cent to 10 per cent cheaper below last series closing rata•