LONDON WOOL SALES.

Manawatu Standard, Volume LVI, Issue 196, 20 July 1936, Page 5

LONDON WOOL SALES.

STRONG CLOSING NOTE. BROKERS’ REPORTS. The London wool sales closed on Saturday and the following cabled reports have been received by New Zealand houses: — The Now Zealand Loan and Mercantile Agency Co., Ltd.: —The wool sales opened weakly, but closed strongly; Home buyers were the principal operators, hut competition on French account was fairly active. Russia was operating. As compared with last sale’s closing rales prices are par to id per lb lower for greasy and scoured Merino inferior. Merino lambs and fine greasy crossbred; id to Id per lb lower for crossbred lambs and coarse crossbred slipe: Id per lb lower for fine and medium crossbred slipe; prices are par to id per lb higher for scoured Merino super; id per lb higher for greasy Merino super, and id to.ld per lb higher for medium and coarse greasy crossbred. Quotations for good average New Zealand wool, greasy fleece, 64's, 15d to 16d per lb; 60-64's, 14id lo 15id per lb; 56-58’s, 13d to 14d per lb; 56’s. llld to 12Jd per lb; 50’s, 9-Jd to lljd per lb; 48-50’s, 9d to 10Jd; 48’*, 83(1 to 9id; per lb; 46-48’s, 8 2 d to 9RI per lb; 46's, B.jd to 9id per lb; 44 46’s. Bid to 9RI per lb;-40-44's, Bid to 9d per lb; 40 s, Bjd lo 9d per lb Levin and Co., Ltd.—Auctions closed with a good tone, and good general competition, including Russia. Totui quantity offered. 84,000 Dales; sold, 72,000; i carried forward 45,000, including 3t,U00 bales from New Zoalind. Compared wiin the opening rates, we quote: Greasy Merino, best, id per lb .higher; average, id higher. line lialfUrcds, 50 56’s, unchanged. All crossbreds, id to 3-4 d higher. Slipe wools generally id higher.. The New Zealand Fanners’ Co-opera-tive Distributing to., Ltd. —Sales closed firm. TJie following are the current quotations: Greasy .Merino, superior 60b4’s, ltd to DiU: average 6V-64’s l4d to 15d; inferior 60-64’s, Hid to 12d. Greasy liulfbrcd, 56-53 s, lod tu 13id; 56’s, llid to 12id; 50/56's, 10RI. to 10 3-4 d. Greasv crossbred, 50’s, 9id to lOd; 48 50 s, 91 d to 9 3-4 d; 46/48’s, 9d to 9|d.; 44/46’s, 8 3-4 dto 9Jd; 40/44’s, 8 3-4 dlo 9Jd; 36/ 40’s, 8 3-4 dlo 9id. ■ r , , , OulgOiV and (Joy., Dtd. —S«i»cs closed solive with brisk competition, but not at the highest point of the market, when Russia was buying very freely. Hume tiadc weie the pi nc-ipal operators with good support, from the Continent. As compared witn the closing rates of last sories: —Greasy Merino, par to id higher. Scoured Merino, par to Id higher; greasy, half bred, par to id lower; scoured lialfbred and greasy line crossbred, unchanged; gicasy medium and course crossbred, id to 3-4 d higher; scoured tine crossbred, par to Id lower; scoured medium md coarse crossbred, par to id lower. Stipes, 2 d to 3-4 d lower; greasy lambs, id-to Id lower. The following is the range of prices :—Merino, ■ good to super, 16d to 13id; low to medium 12d to 15id; lialfbred, 50 56 s, good to super, lOicl to 12L1; low lo medium, 8 5 d to lOd; line crossbred, 48-50 s, good to super, 9RI to 10RI; low to medium, 3d .o 9d: line crossbred, 46-48’s, good to super, 9d to 10(1; low to medium, 7 3-4 d to 8 3-4 d; crossbred, 44-46's, good to super, 9d to 9id; low to medium, 7id to did; crossbred 40/44’s. good to super, 8 2 d to yjd; low to medium, 7*d to Bid: coarse crossbred, 36/40’s, good lo super, M to 9d, low to medium, 7id to Bid. There were only a few offered, quotations being more or less nominal. Wright, Stephenson and Co., Ltd., and Abraham amt Williams. Ltd -T lie sales closed before an average attendance of buvers, among whom compelltion was animated. Continental and Bradford buyers were the chief operators 1 1,0 LA” mainecl unchanged to firm; 80.000 halt, were offered during the scries, ami of these 72.000 were sold. A good sc lemon of wool was offered. We quote the following avciago realism ions:-Greasy Merino, 60 64 yielding 48 per cent.. 123 d: greasy, tine lull [bred. 56-58, yielding 62 per cent load, greasy halfbred, 50-56, yielding 68 per cent 104.(1: greasy threo-quarterbred, 48-3 U. yielding 74 per cent.. 9d: greasy, fine crossbred, 46-48. ..yielding 75 per ceil greasv medium crossbred, 44-46, yielding 75 per cent.. Bid; greasy crossbred, 4044, yielding 76 "per cent., Bid: coarse cre -- bred. 36-40, yielding 76 per cent., M cro»*brecl lambs, 46-50, 74 per cent., IORt. Slipe wools were firmer than at, the opening of the series. Australian Merino was of New Squtli Wales.—Sales closed to-dav with good competition and prices for till 'qualities have hardened, especially medium and coarse crossbreds. Average or estimated prices of New Zealand greasy fleece ordinary topmaking wooL i—Mermo. 60-64 12|d; tine lialfbred, 56-58, 13 a d: halfbred, 50-56 10 a d; threo-quarterbred, 48-50, 9d; fine crossbred, 46-48, 82d; medium crossbred. 44-46, 8R1; crossbred 40-44 8 2 d. Bank of New Zealand (produce _ department) -Sales have closed firm tor all kinds of wool. . Current quotations for woois of average condition-.—Marinos, super, 60-64’s, 17d to 17id per lb; ordinary, 60-64’s, 14d to 15cl; inferior, 60-64 s, Hid (o 12d: halfbreds, 56-58’s, 13d to 13id; 56’s, llid to 12R1: 50-56's. 10„d Jo 103 d: crossbreds, 50's, 9id to 10d; 48-50 s, 9id to 93d; 46-48’s. 9d to 9id; 44-46 s, 83d t o 91 d; 40-44's, 83d to 9RI; 36-40’s, 83d to 9RI.