LONDON WOOL SALES

Nelson Evening Mail, Volume LXXII, 24 November 1938, Page 15

LONDON WOOL SALES

NEW ZEALAND CROSSBREDS WELL TAKEN BY HOME TRADE fO P.A.—By Electric Telegraph Copyrieht' (Received 24th November. 11.50 a.m.) LONDON, 23rd November. At the wool sales 8630 bales were offered, including 3985 New Zealand, and 7758 were sold. There was a good selection with active competition, rates being generally maintained. Njew Zealand crossbreds were well taken by the Home trade, and there was good Continental bidding for merinos. New Zealand greasy halfbred. “Howard” realised 9£d to 13|d and scoured merino, “Oxford,” 16d. Messrs Buxtons Limited are in receipt of the following cable from their

, London agents dated 22nd instant, in ! 1 connection with the wool market— j i “Sales have opened with a good tone, j i competition good; Bradford buyers | i principal operators; foreign buyers j < i operating moderately. Compared with . i last London sales’ closing rates:—Greasy < J merino and scoured merino market ■ shows no change; crossbred greasy fine market shows no change; crossbred , greasy coarse to medium advanced ] 5 to 7i per cent; crossbred scoured ad- j vanced 5 per cent; slipe fine crossbred i market shows no change; slipe crossbred, other descriptions, advanced 5 to | per cent.” ! Messrs Levin and Co., Limited have j received the following cable from their , 1 London agents, dated 22nd November. ! 1938: “The auctions opened here today with a large attendance of home and continental buyers. There was ■ 1 good competition, particularly for , i greasy crossbreds. As at present ar- ; ; ranged, the sales will close on the 7th ]

December. Compared with the closing I rates of last sales, we quote: Greasy j merino, best, unchanged; average, unl changed; fine halfbreds, 50/56's un- | changed; extra fine crossbreds, 48/50’s, id to Jd per lb higher; fine crossbreds, 46/48’s, id to id per lb higher; medium, 44, 46’s, id to id per lb higher; coarse, 40 44’s, id to id per lb higher; low, 36/40’s, id to id per lb higher; slipe halfbred lambs, unchanged; slipes. medium and coarse, id per lb higher. Messrs Dalgety and Company Limited report: Wool sales opened with a large attendance, fairly animated competition, good selection. Two-thirds merino. Home trade principal operators. Continental demand fair. As compared with closing rates of last ser- ! ies: Greasy merino, part to sper cent, lower; scoured merino, about the same; greasy fine crossbred, at par; greasy medium and coarse crossbred, 5 per cent, higher: fine slipes, unchanged; medium and coarse slipes. 5 per cent, higher; scoured crossbred, unchanged.