LONDON WOOL SALES

Nelson Evening Mail, Volume LXX, 25 March 1936, Page 11

LONDON WOOL SALES

DEMAND FOR CROSSBREDS QUIETER ADVANCES IN MANY LINES (Unitoci Press Association—By Electric Telegraph—Copyright) (Deceived 25th March, 11.55 a.m.) LONDON, 24th March. At the wool sales !)321 bales were offered, including 439 S New Zealand and 7321 sold. There was a fairly good selection, mainly New Zealand crossbreds, the demand was quieter and withdrawals frequent and more general, owing to firm limits. New Zealand greasy crossbred, “Titif top price, 12-Jd, average Old. Throughout the series 97,000 bales were offered and 50,500 sold. The Home trade bought 44,500 bales, the Continent 39,000, America 3000 and there was held over 17,500 bales of which 11,000 bales were not offered. Total sales were Australian .25,000 bales and New Zealand 49,000 bales. Greasy merinos finished from 7 $ to 10 per cent above January prices. Other advances include ordinary topmaking styles fully 5 per cent above; bulky scoureds, 71 per cent; gerasy line crossbreds 5 per cent. Medium grades advanced fully 5 per cent but slipped back under the weight of heavy offerings to opening levels. Coarse grades were fully 5 per cent up owing to American competition.