LONDON WOOL SALES

Nelson Evening Mail, Volume LXI, 4 February 1928, Page 2

LONDON WOOL SALES

(By. Telegraph—Special to "The Mail”) WELLINGTON, 2nd Feb. Messrs Dalgety and Company Limited report having received the following cablegram from their London house under date of the Ist instant;—Sales closed firm and active with brisk competition. Good selection especially for merinos. As compared with closing -rates of last series, New Zealand greasy merino none offered equivalent to Australian sorts Id to lgd higher, scoured merino par to Tjd higher, greasy halfbred 2d to higher, fine greasy crossbred ljd to- 2J,d higher, greasy crossbred medilim and coarse lid to 2d higher, sooured crossbred l|d. to 3d higher, slipe Id- to 2d higher, lambs l§d to 2d higher. •• ' ' 109,500 bales offered, Continent have, bought's2,ooo bales, Home trade 38,000, America 2,500, carried forward 13,000 of which 1,800 were not offered. Total sold 92,000 bales;/’ ' The following is the range of prices: Halfbred 56/58, good to super 28a; low to medium 23d to 27d; 50/56, good to super, • 25£d tb 27^d; low to medium, 21d to 24£d. Fine crossbred, 48/50, good to super 22d to 25d; low to medium 18d to 21d; 46/48, good to super to 23d; low to medium 17d to 20d. Crossbred 44/46, good t-o super 19d to 21d ; low to medium 16d to 18£d ; 40/44, good to super 17 JA to 19d; low to medium 15d to 17d. Coarse crossbred 36/40, good to. super 17d to 18d; low to medium 14jd to 16|d.

The Department of Agriculture has received the following cablegram, dated 2nd instant, from the High Commissioner for New Zealand, London: —Wool sales closed yesterday. Large attendance of Home and Continental buyers throughout ; competition brisk and general. Compared with closing rates last series, super Merino 5 per cent., good sha-fty 5 per cent, to 10 per cent, dearer, other sorts unchanged. All grades of greasy crossbred in small supply, closing generally 10 per cent, higher compared with December, with exceptional lots of medium crossbred frequently 15 per cent. Only small quantity of sliped offered, which advanced 71 per cent-. Average closing rates: 60/64’s super (nominal) 2s 4d to 2s 6d per lb; average Is 9d to 2k Id, 56/58’s (nominal) 2s 3d to 2s 6d; 50/56 s 2s to 2s 3d; 48/50’s Is 9d to Is 1W; 44/46’s Is 7to Is 8d; 36/40 s.is 5d to Is 6d Of total colonial offerings, 88,00 U haies were sold, 51,000 for export including 2500 for America Market closed verV firm, with all sections of trade buying. Next series comm ence 15th JYlarcn.