RISE IN WOOL

Poverty Bay Herald, Volume LXIII, Issue 18961, 11 March 1936, Page 16

RISE IN WOOL

LESS THAN EXPECTED

LONDON SALES OPEN

CROSSBREDS W BETTER

GOOD COMPETITION

Elec. Tel. Cops-right—United Press Assn.)

(Reed. March 11, noon.) LONDON. March 10.

The wool sales opened to-day with a bare 5 per cent, rise on crossbreds and a par to 5 per cent, advance on merinos, compared with the closing rates of the last series.

The improvement is smaller than expected. Fine crossbreds were expected to advance 5 per cent., with medium and coarse from 5 to 7i per cent. Actually there is no quotable improvement on fine crossbreds. There was good home and Continental competition. Medium and coarse crossbreds were up to ,d better, with lambs to Id dearer. Merinos advanced « s much as Id in some cases. Scoured crossbreds were up to Id better, scoured merinos being up by lpl. Slipes improved by 3d,

BROKERS’ REPORTS

Messrs. Dalgety and Company havfc received the following advice from London, dated March 10: “The London wool sales open'ed with an average attendance, the selection being chiefly New Zealand crossbred. There was good competition, the home trade being the principal operators. As compared with the closing rates of last series, greasy merino isi id to Id higher; scoured merino, fd to higher: greasy halfbreds, unchanged; scoured halfbreds, id to Id higher; greasy crossbred, fine, unchanged, medium and coarse id to id higher; scoured cross bred, |d to Id higher; slipes, id to jjd higher; greasy lambs, id to Id higher.’’ TJie Bank' of New. Zealand reports receipt of the following advice from London dated March 10: “The wool sales opened with moderate competition and a large attendance of buyers. Compared with the closing of last series, prices for crossbreds were par to pi higher. New Zealand merinos were not represented.” Messrs. Common, Shelton and Company are in receipt of the following cable advice from London of the opening of the■ March wool sales: ‘‘The sales opened with animated competition from an average attendance of buyers. The offering principally consisted cf crossbreds, and all styles have advanced. As compared with the closing rates cf the January sales, prices can be quoted as follows: Greasy jnerino, up to Id higher; greasy halfbred, firm to a shade higher ; greasy crossbred, fine, firm to a shade higher; greasy crossbred, medium and coarse, id to higher; scoured crossbreds, |d higher; slipes, id to |d higher; greasy lambs, up to Id higher.” The Gisborne Sheepfarmers’ Frozen Meat and Mercantile Company have received the following cable message from London dated yesterday: “The March series opened with a good attendance of buyers, and the offering met with good competition. As compared with the closing rates of the January sales, scoured crossbreds showed an advance of 5 per cent., arid all other sorts from par to 5 per cent.”