A BUOYANT TONE.

Pahiatua Herald, Volume XLI, Issue 12390, 8 July 1933, Page 5

A BUOYANT TONE.

SHEEPSKINS UP.

FURTHER ADY’ANCE. United Press Assn.—By Electric Telegraph—Copyright. . LONDON, July 6. Offerings at the sheepskin sales today were 4776 bales, including 665 New Zealand. There was a large attendance of buyers, and animated general competition. All lines were sold. Australian merinos were 20 to 25 per cent. above the May rates, comebacks and fine crossbreeds 20 ner cont. up. New Zealand crossbreds advanced 15 per cent., and lambs 20 per cent. BRADFORD TOPS ADY 7 ANCING. FURTHER RISE EXPECTED. . LONDON. Julv 6. Prices of Bradford tops have increased all round, following the open111P of the London wool sales. v> ,? Times trade supplement’s Bradford correspondent reports that now that the half-crown level has been passed top-maker s are confident in anticipating the 3s before the present rise reaches its limit. There is complete confidence in rhe strength .ol the raw-material position, both intrinsically r.nd statistically. It would not bo surprising if the 3s were reached before the “opening of the Australian ■ sales cn August 29. and a still higher figure lafcr'on. LONDON YY'OOL SALES' ACTIVE. OFFERINGS RAPIDLY CLEARED . LONDON. July 6 . Offerings at the wool sales to-clav were 10.332 bales, including 5914 bales of Now Zealand. About 10-057 bales were sold. Offerings were readily cleared and animated competition ruled in all section s_ of the trade. Prices are well un to the openinc levels. New Zealand scoured merinos, “Altar Peak,’’ sold 23d highest. 22id average; greasy crossbred, “Waibeke,” 12-)d highest, 1 fi 7 <l average. BUTTER AND CHEESE. LONDON MARKETS FIRM. _ LONDON. Julv 6. The butter market is slightly firmer. Danish 90s to 92s per rwt • New Zealand 73s to 80s: Australian 795. Unsalted is at 2s to 3s premium. Cheese: New Zealand 50s to 52s per cwt; Australian 48s to 495.