COMMERCIAL

Nelson Evening Mail, Volume LXVI, 10 February 1933, Page 2

COMMERCIAL

LONDON WOOL SALES POSITION REVIEWED (Unitei Press Association—By Electric Telegraph—Copyright) (Received 10th February, 8.35 a.m.j LONDON, 9th February. Dawsons, commenting on the wool sales, say there was considerable divergence in values and tone between London and some of the ultimate markets, therefore it is impossible to diagnose the actual position. While London revealed a surprisingly strong and steady demand for finer grades, the consuming centres, especially Roubaix and Bradford, were gripped by lack of confidence which was especially depressing and perplexing in view of the supply position Spinners are finding that the renewal of price cutting is disintegrating the market This dominates the situation, despite the general belief that wool is too cheap and the season too far advanced for a serious decline.

Messrs E. Buxton and Co., Ltd., are in receipt- of the following wool market cablegram from their London agents, Messrs Sanderson, Murray and Elder, Ltd. dated Bth February: Sales have close’d firm, competition keen. Bradford and German buyers principal operators. Compared with last London sale s closing rates, greasy merino best desorptions advanced 5 per cent.; greasy .merino other descriptions par to 5 per cent, advance; scoured merino par to 5 per cent, advance; lambs merino greasy advanced 5 per cent.; crossbred greasy comeback and halfbred market firm; crossbred greasy fine advanced 5 u-.r cent.; crossbred greasy medium mark -t shows no change; crossbred greasy coarse declined a shade; crossbred scoured advanced a- shade ; slipe fine crossbred advanced a shade; slipe medium crossbred par to 5 per cent, advance; slipe coarse crossbred par to 5 per cent, decline. , , Messrs Levin and Co., Ltd., have received the following cable from their London agents, dated 8 February The auctions closed here to-day firm on, a par with opening rates for merinos and line crossbreds. For medium and coarse crossbreds the market generally is rather irregular. The opening, advances of gd to |d per lb. are mostly lost and in some cases the fall in values is moi'e. Slipe wools generally, unchanged. Messrs Dalgety and Company’s report dated London, "Bth February, states:— The London wool sales closed active with good general competition. As compared with closing rates of last series, greasy merino are from par to gd higher, merino scoured from par to gd higher, greasy halfbred from gd to gd higher, greasy fine crossbred from par to id higher, greasy medium and coarse crossbred unchanged, except shabby and inferior; the change, if any, is in favour of buyers. Scoured crossbred and fine slipes" are id to id higher, coarse and medium slipes are about the same, and greasy crossbred lambs are id to gd higheV. The following is the range of prices: Halfbred, 56/58, good to super 12d, low to medium Bid to llgd. Halfbred, 50/56, lOd to 12d, low to medium 7-id to 9§d. Fine crossbred, 48/50, good to super 7d to low to medium 5d to 6id. Fine crossbred, 46/48, good to super 6d to 7id, low to medium 4|d to sgd. Crossbred, 44/46, good to super s id to 6|d, low to medium to SidCrossbred, 40/44, good to super sid to 6d, low to medium 4id to sd. Coarse crossbred, 36/40, good to super 5d to s|d, low to medium 4d to 43d. TALLOW MARKET (Received 10th February, 9.50 a.m.) LONDON, 9th February. Tallow imports are 593 casks and deliveries 347 casks.