DIFFICULT TO JUDGE

Poverty Bay Herald, Volume LXIV, Issue 19371, 8 July 1937, Page 5

DIFFICULT TO JUDGE

THE OUTLOOK FOR WOOL UNSETTLING TENDENCIES (Rec. July 8, 11.20 a.m.) LONDON, July 7. Messrs. Dawson and Sons, commenting on the opening of the wool sales, says that seldom has it been more difficult to gauge values.

Short supplies and comparatively light stocks at home and on the Continent, unfortunately, are offset by nervousness in Yorkshire and political unsettlement in Europe.

AUSTRALIAN CLIP CHEQUE FOR £66,000,000 (Reed. July 8, noon.) SYDNEY, July 3.

Figures issued by the National Council of W’ool-Selling Brokers of Australia show that Australia’s wool cheque for the season ended June 30 is £66,000,000. This is the largest return for nine years, and is more than double that of the depression year, 1931-32. The quantity of wool sold in the Commonwealth totalled 2,899,144 bales.

Messrs. Murray, Roberts apd Company, Limited, are in receipt of the following cable message from London: “The wool sales opened with a good tone. There was a good attendance of buyers. Competition was keen. Bradford were the principal buyers. Compared with last closing rates, greasy crossbred showed no change and scoured par to 5 per cent decline. Slipe declined 7J per cent.” The Bank of New South Wales reports (receiving the following cable advice from London: “At the London wool sales there was good and general competition. Compared with the closing rates at the last sales, greasy-, merinos, medium and coarse crossbreds were unchanged, fine crossbred par to 5 per cent cheaper, and slipes 7J per cent cheaper. Average or estimated prices of New Zealand greasy fieece ordinary topmaking wools are: Merino, 60/64’s, 18d; fine halfbred, SG/58’s, 17Jd; halfbred, 50/56’s, 17d; three-quarterbred, 48/50’s, 16Ad; fine crossbred, 46/48’s, 16d; medium crossbred, 44/46’s, 16d; crossbred, 40/44’s, 16d."

Messrs. Dalgety and Company, Limited, have received the following cable message from London, dated July 6:—“The London wool sales opened with a large attendance and good competition with a small selection of merino and large offerings of slipes. As compared with the closing rales of last series;? greasy merino, good, is unchanged: greasy merino, other descriptions, and scoured merino, average to good, par to Id lower; scoured merino, short and faulty, 2d to 2|d lower; greasy halfbred, Ad to Id lower; fine crossbred and medium and coarse crossbred, unchanged; scoured crossbred, and slipes, ljd to 2d lower.” Messrs. Williams & Kettle, Limited, have received the following cablegram from London in conection with the opening of the London wool sales:—“There was a good attendance of buyers, and keen competition, but no change in the market.”