THE WOOL MARKET

Poverty Bay Herald, Volume LXI, Issue 18313, 3 February 1934, Page 8

THE WOOL MARKET

LONDON SALES REPORT Alessrs. Al'urray Roberts and Company Limited, are in receipt of the following cable message from their London house: “The wool sales closed with a good tone, and competition good. Bradford and Germany were the principal buyers. Compared with last closing rates, lor crossbred, greasy, the market was irregular ; comeback and fine advanced 10 to 15 per cent; medium, 5 per cent.; coarse, 5 to 10 per cent. ; best descriptions showing the greatest advance; scoured, fine, 15 to 20 per cent.; other descrip- j tions, 10 to 15 per cent.; slipc, 15 per cent. Quotations: 60/64’s, N.Z. merino, yielding 48 per cent., none (16<1); 56’s, yielding) 64 per cent., 1661 (17d); 50’s, yielding 70 per cent., 12Jkl (14d); 48/50’s, I mixed prep, carding, yielding 72 pc cent., 1061 (I2rl); 46/48’s, mixed prep, and carding, yielding 74 per cent., 9jd (101); 44/46's', prep., yielding 76 per cent.. 8;j<1 (10.(dj; 44/46’s carding, yielding 74 per cent,.. 9d (1061); 40 y 44’s, yielding 75 per cent, 8d (861); 36/40’s, yielding 76 per cent.. 73d (nil). Tin* prices in brackets indicate the opening rates of the present series.” The N.Z. Loan and Mercantile Agency Company, Limited, have received the following cable message, from their London office: “The sales closed -with a fairly firm tone to-day. As compared with last sales’ closing rates, ’prices are higher by 2d to 261 per 11». for fine greasy crossbred, line crossbred slipe, medium scoured crossbred; higher by 161 to 2d per lb for lambs*, merino and crossbred, course scoured crossbred, greasy ‘ merino, medium crossbred slipe; higher by 261 to 3*d per lb. for scoured merino; higher hy -61 to Id per lb. for medium greasy crossbred, coarse greasy crossbred; higher by Id to 16t per lb. for coarse crossbred slipe; higher by 3d to i 4d per lb. for lino scoured crossbred. ’ ’ I The Bank of New Zealand has received tho following cabled advice from 'London: “Medium and coarse crossbreds I are about 15 per cent., and all other descriptions are 5 per cent, below the ! opening rates, Current quotations: Greasy merinos, super, 60/64’s, good average condition, 18.jd to 19(d; ordinary. 16fd to 17jd; inferior, 13d to 14d; halfbreds, 56’s, 17*d to 18^4; 50/56’s, 14d to 15d; crossbreds, 50’s, lid to 12d; 48/50’s, lOd to lid; 46/48’s, fid to 9|d; 44/46’s. 8-61 to 9J,d; 40/44’s, BJd to 9J-d : 36/40’s, BJd to 9dV