BRISK COMPETITION

Poverty Bay Herald, Volume LIX, Issue 17944, 23 November 1932, Page 7

BRISK COMPETITION

LONDON WOOL SALES

/ SOME VALUES EASIER

(Received Nov. 25, noon.) LONDON, November 22.

The wool sales opened with prices for merinos unchanged, and crossbreds occasionally slightly easier. There was brisk competition.

A total of StiH 1 bales was offered, including 221)31 from New Zealand, and about (3546 halos were sold. There were some withdrawals of fine merinos owing to high limits. There was a good selection, a large attendance, and keen and general competition, Prench buyers, owing to the favorable exchange, being specially active. Compared with October closing rates, merinos, fine medium, were unchanged; faulty, slightly easier; crossbreds, coarse, 5 per cent, lower; others, unchanged.

New Zealand sales: Greasies, Lincoln Hills, lialfbred, .10pi, 10HI; crossbred, Old, B|d; lialfbred lamb, slipcs, Canterbury, Kpl, IOJd.

The Bank of New Zealand lias received the following advice from London: —“The wool sales opened with moderate competition and a large attendance. Compared with the close of last series, merino and fine crossbred are unchanged, medium and coarse crossbred are about id. lower.” Messrs. Williams and Kettle, Limited, report that the seventh series of London wool sales opened yesterday with a good attendance of buyers. Competition, howeve”, is only medium, and the opening rates disclose that halfbred wool advanced id per lb, fine crossbred remained unchanged, but medium and coarse crossbred declined about id per lb. on rates ruling at the close of the* last series on October 13. The 'Gisborne Sheepfarmers’ Frozen Meat and Mercantile Company have received cabled advice from London that the seventh series of wool sales opened yesterday, when there was keen competition from all sections of the trade. As compared with the closing rates of last series, merinos were unchanged; line crossbreds, par to 5 per cent, higher; medium and coarse crossbreds, par to 5 per cent. down. Fine slipes advanced 5 per cent-., while medium and coarse were from par to 5 per cent, lower.” Dalgety and Company have received tlie following advice from London, dated November 22: —‘‘The London wool sales opened with animated competition and a largo attendance, the Continent being the largest buyers. There was a good selection of merinos, lmt few offerings of crossbreds. As compared with the closing rates oi last series, merinos and crossbred fine were unchanged; greasy merino, inferior, change, if any, in favor of buyers; crossbred medium and coarse, par to rather lower; fine slipe, very firm; other descriptions of stipe, rather easier.”