BRIGHTER SENTIMENT

New Zealand Herald, Volume LXXV, Issue 23092, 18 July 1938, Page 5

BRIGHTER SENTIMENT

LONDON WOOL SALES COMPETITION STRONGER BUYING BY YORKSHIRE (Received July 17, 5.5 p.m.) LONDON, July 10 At the London wool sales to-day 8573 bales were offered, including 2168 New Zealand, and 7547 bales were sold. A good selection met with stronger competition, owing to the improved Continental demand for Merinos. Rates were firmly maintained. Considerable interest attaches to the current series, as London is the only source of supply at this time of the year, and prices indicate European buyers' ideas of values. It is significant that Yorkshire is buying iji spite of considerable stocks and disappointing consumption.

riie amount of new business from Yorkshire is not heavy, but the sentiment is brighter, and buyers appear to regard the current level of values at the London sales as reasonable. Some topmakers have already been informed that more generous deliveries will bo required in August.

The following private cablegrams have been received in Auckland, having been sent from London on Friday:—

Bank of New South Wales.—Competition continues to be good, and the opening level of prices is well maintained.

Bank of New Zealand.—The sales continue with the market fully firm and competition well maintained. Current quotations for good average condition greasy New Zealand wools are:— Merinos, super, 60-64's, 14d to 14jd per lb.; ordinary, 12d to 13d; inferior, S?Jd to lOd; halfbreds, 56-58's, 12d to 12Jd; 56's, lljd to 12d; 50-56's, IOJd to Hid; crossbreds, 50's, 10id to 10id; 48-50's, lOd to 10-Jd; 46-48's, 9Jd to 10d; 44-46's, 9Jd to lOd; 40-44's, 9Jd to lOd; 3G-40's, 9}d to lOd.

LOWER EGG PRICES FURTHER DROP OF 2D A DOZEN The Auckland Egg Marketing Committee announces that wholesale egg prices have been reduced by a further 2d a dozen. Current rates are as follows:—Hen: First grade, 2s o>}d a dozen; B, Is llid. Duck: First grade, 2s 0-Jd; 13, Is 11Jd. Country storekeepers' minimum buying prices for first-grade eggs are:—Hen, Is 7d a dozen; duck, Is 7d. HIDES AND SKINS COMPETITION AT DUNEDIN At the monthly sale of hides and skins in Dunedin lust week, a catalogue of *2712 hides and yearlings, also 555 calfskins, attracted keen competition from » full attendance of tanners and exporters. All lines of well-preserved cow and light ox hides realised from l%d to sV<d per lb These grades showed advances of Y,tl to M.d per lb. Medium and heavy ox remained very firm and sold at from (Id to 7'/id. Heavy substance ox wero keenly competed for at from 7%d to lOd per lb. Little interest was displayed in several lines of stale hides, for which very_ low offers were forthcoming. Heavy yearlings'were about Z<l higher, while light yearlings and calfskins showed advances of %d to Id.

COTTON, RUBBER, COPRA, ETC. (Received July 17, 5.5 p.m.) LONDON, July 10 (Quotations on July S) in parentheses.) Cotton.—Spot, 4.88il (o.lGd) a lb.; August delivery, 4.72(1 (4.97 d). Kubbet. —Para, 7d (7d) a lb.; plantation and smoked, 7 5-16(1" (7 5-16 d). Jute July-Aiignst shipments, £lB 5s (£l7 18s 9d) a ton. Copra. July - August shipments, South Sea, sun-dried, £lO 5s to London and Rotterdam (£lO 2s 6d) a ton; South Sea, smoked, £lO Gs to Marseilles nn(l Genoa (£lO 2s fid); plantation, Ha haul, hot-air dried, £ll os to London and Rotterdam (£ll 2,s 6d). Linseed 0i1.—£26 5s (£26 ss) a ton. Turpentine.—32s 3d (325) a cwt.