WOOL MARKET

Manawatu Standard, Volume LI, Issue 198, 23 July 1931, Page 7

WOOL MARKET

SATISFACTORY CLOSING SALE. SERIES IN LONDON. MORE CONFIDENT FEELING. ■ t. (United Press Association—By Electric , Telegraph.—Copyright.) Received July 23, 11.30 a.m. LONDON, July 22. At the wool sales to-day, 9688 bales were offered, including 4084 from New Zealand. About 5720 bales were sold. It was a satisfactory closing sale; it was really the best of the series. New Zealand realisations: Crossbreds, Rosebank, top price 7Jd, average 6sd; Pukera, GJd, 6Jd. The total sales were 80,500 of which the home trade took 43,000, the Continent 34,500, and America 3000. Australia catalogued 40,700 bales and sold 32,500; New Zealand catalogued 40,300 and sold 35,000. The held over wool totalled 156,000 bales, of which 124,000 bales were not offered. A more confident feeling and a widened demand prevailed in the closing days. Merino combings recovered from the initial drop and closed at the May level. Faulty and carbonising sorts were from 5 to 7£ per cent. below. Finest crossbreds recovered to the May level. Medium and lower grades W'ere 5 to 10 per cent, below. Slipos recovered to ten per cent, below. Scoureds and lambs’ wool"were somewhat neglected, except the choicest sort.