VALUES STILL FIRM
BEST CLASS MERINO WOOL LESS DEMAND FOR INFERIOR NZPA—Special Correspondent LQNDON, Mar. 28. The outstanding feature of the London wool sales, which opened a threeweeks’ series yesterday, is the firmness of good style merino wool at prices unchanged since the Liverpool sales closed a fortnight ago, but inferior merinos and crossbreds are in buyers’ favour, states the International Wool Secretariat special news service. All good style, greasy and scoured merinos, both combing and clothing types, are fully firm at best prices of recent weeks, buyers being impressed with the strong position of these sorts, which amounts at present almost to a definite shortage. A large proportion of the London offerings, however, are medium and burry merinos from joint organisation stocks.
Inferior burry wools are 5 per cent, cheaper in noble combing types, and up to 10 per cent, cheaper in schlumberger combing sorts. Faulty scoured merinos are similarly in buyers’ favour, and South African merinos and New Zealand medium crossbreds are 2J per cent, to 5 per cent, cheaper than at the last spot market sales.
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Otago Daily Times, Issue 27042, 29 March 1949, Page 5
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179VALUES STILL FIRM Otago Daily Times, Issue 27042, 29 March 1949, Page 5
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