WOOL VERY FIRM

New Zealand Herald, Volume LXX, Issue 21398, 24 January 1933, Page 5

WOOL VERY FIRM

EXCITED COMPETITION GOOD SALE IN SYDNEY FINE FLEECE KEENLY SOUGHT (Received January 23, 9.5 p.m.) SYDNEY, Jan. 23 At the Sydney wool sales to-day 15!,456> bales were offered and 11,858 were ;sold. Also 1836 bales were sold privately. Under excited and general competition the market ruled very firm at the closing rates of last week. There was specially keen inquiry for fine quality wools. Greasy Merino sold to 21fd. LONDON SALES H. Irwell and Company, lAmdon. advise by cable that at the London wool sales prices realised last week were:—sß's, 10|d; 56's, 10^d; 50's, 6^d; 48's, s^d; 46's, preparing, s|d; 44's, preparing, sd; all for good average topmaking sorts.--Slipes, halfbred lambs, 12d; three-quar-terbred lambs, 9d: crossbred seconds, sjd.

REVIEW OF THE TRADE

FIRMER TONE IN LONDON

LONDON, Jan. M

The London representative of the Australian Council, Mr. W. P. Devereux, reports The London wool sales continue active and the opening improvement shows a hardening tendency, withdrawals being negligible. Bradford reports a good undertone, but business is quiet. Merino topmakers are maintaining quotations, but there are few transactions although the business offering is below the quoted prices. Crossbred tops are firm and there is some business in fine and medium sorts.: Yarns are firm, but business is umall. There is rather more inquiry for- Merinos and the outlook is rather brighter. Crossbreds are firm but .quiet.

ROMNEY RAM PRICES .■* ]

IMPROVEMENT AT GISBORNE

[bt telegraph—OWN correspondent] GISBORNE, MonHay

Prices for flock Romney rams at the Matawhero ram fair to-day were on a higher level than last year. The highest price of the morning was 9£ guineas, which was 2£ guineas higher than for any pen of Romneys \ist year. To-day's offering totalled 2?'yo flock Romneys, an increase of about 700 on last year's yarding. Tho market opened strongly and the ninth and 10th pens reached 9i guineas for big shearling rams offered by Messrs. Brewer .and sons, of Waverley. These were bought by Mr. A. H. Wallis, who also secured the next four pens, offered on account of the. same vendor at 8i guineas. The next highest price during the morning was 6 guineas, offered by the Te Wera estate for 10 Brewer shearlings. Most of the remaining prices were on a much lower level, but appeared to be slightly better thari the general run of bids last year.

QUOTATIONS FOR SILVER British "Wireless RUGBY, Jan. 31

Silver is quoted to-day pt 16|d oz., spot, and 16 15-16 d forward, compared with 16 15-16 d "both positions yesterday.