WOOL POSITION
GERMANS BUYING. THE LONDON SALES. (Press Association.) London, Uctober 4. 11. Dawson and Sons, Ltd., in commenting on the wool outlook, say that it was a surprising feature of the London wool sales that several German houses shared in the buying. The only explanation of this seems to be that Germany's need of wool is so apparent that it encourages speculative operators, because the early possibility of the door being more widely opened has imparted a new tone to the market during the past ten days. It also indicates that regained confidence in the industry can be justifiably encouraged by the prospects for the coming season. In fact there is an ample supply available, values are low, and money is cheap. RANGE OF PRICES. Messrs. Dalgety and Co., Ltd., report having received the following cablegram from their London house dated 3rd inst.:— The wool market closed strong. Competition active and animated. France operating more freely. Sales closed at highest point present series. As compared with closing rates of last series:—Greasy merino, 3d to 13d lower; scoured merino, average to good, lid to 2d lower; greasy half bred, Id to lid lower; crossbred, fine, 3d to l?,d lower; greasy crossbred, medium and coarse, par to rather higher; scoured crossbred, fine 3d to Id lower; other descriptions scoured crossbred, unchanged; fine slipes, Id to l£d lowter; other descriptions slipe, unchanged. The following is a range of prices realised:— Halfbred, 56/58 Good to super, to 12£d. Low to medium, 8d to lOd. Halfbred, 50/56 Good to super, 83d to lOd. Low to medium, 7d to Bid. Fine Crossbred, 48/50 — Good to super, 73d to Bd. Low to medium, 53d to 7d. Fine Crossbred, 46/48 — Good to super, 63d to 73d. Low to medium, sid to 61d. Crossbred, 44/46 Good to super, 63d to 63d. Low to medium, 53d to 63d. Crossbred, 40/44 Good to super, 6d to 6ad. Low to medium, 5d to 53d. Coarse Crossbred, 36/40 Good to super, 53d to 63d. Low to medium, 43d to sid.
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https://paperspast.natlib.govt.nz/newspapers/KCC19341006.2.32
Bibliographic details
King Country Chronicle, Volume XXVIII, Issue 4606, 6 October 1934, Page 5
Word Count
338WOOL POSITION King Country Chronicle, Volume XXVIII, Issue 4606, 6 October 1934, Page 5
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