LONDON WOOL SALES

Nelson Evening Mail, Volume LXXII, 25 November 1938, Page 6

LONDON WOOL SALES

GOOD CLEARANCE AT FIRM RATES NEW ZEALAND CLIPS IU P.A.—Bv Electric Telegraph—Copyright 1 (Received 25th November, 12.16 p.m.) LONDON, 24th November. At the wool sales 8417 bales were offered, including 4627 New Zealand, and 7484 were sold. There was a fairly good selection, with active competition. A good clearance was effected at firm rates. New Zealand greasy crossbred, “Wairere,” lid to 11 Jd; greasy merino “Woodbank,” lUd; scoured merino. "Walterpeak,” 16£d to slipe halfbred, “Three Crowns,” 14d. AUCKLAND SALE TO-MORROW GOOD CLEARANCE EXPECTED (United Press Association! AUCKLAND, This Day. Brokers expect a good clearance of 24,000 odd bales to be offered at tomorrow’s wool sale, and at prices that may be similar to those ruling at the corresponding fixture a year ago. Among the buyers at to-morrow’s sales will be Mr Herbert Hill (Christchurch). president of the New Zealand Wool Buyers’ Association, who returned by the Mariposa to-day from Britain, the Continent and the United States. He told an interviewer that although slightly out ot touch with conditions since he commenced his homeward journey, he considered the prospects for the Dominion clip this season promising He thought there was litt'j likelihood of any extreme advances, but values would approximate those of last season He said there were no notable reactions in Britain and other countries t»» the armament programmes respecting the demand for wcvL.