LONDON WOOL SALES

Southland Times, Issue 21820, 24 September 1932, Page 5

LONDON WOOL SALES

MARKET REMAINS FIRM. “WALTER PEAK” TOUCHES 20D. (United Press Assn—Telegraph Copyright.) London, September 22. At the wool sales 11,756 bales were offered, including 3935 from New Zealand. About 7490 were sold. There was good Home and foreign competition at full late rates. Some withdrawals of speculators’ lots were made owing to high limits. New Zealand prices included: Scoured combing, “Walter Peak,” top 20d, average 17J|d.

The Bradford market is firm. The advance in prices is checking business. Quotations: 70’s, 26d; 64’s, 24d to 25d; 60’s, 23d; 56's, 18Jd; 50’s, 13d; 46's, lOJd; 40’s, 9>d.

The Bank of New Zealand has received the following advice from its London office under date 20th instant: —The wool sales have opened with strong competition and a large attendance of buyers. There is an active demand by all branches of the trade. Compared with the close of last series, Merino and fine crossbreds are IJd per lb higher; and medium and coarse crossbreds are ijd to Id per lb higher. SYDNEY PRICES THE PAST WEEK’S SALES. Sydney, September 23. Wool prices current during the past week’s sales at Sydney are:

Merino greasy fleece— to 19d to 15d to 13d Best Good Average 14d 12d Merino, nearly free of burr— Best 16d to 18d Good lid to 14 Id Merino, light seedy or burry skirts— Good 13d to 14d Average lid to 12d Inferior 9d to lOd Merino, burry— Good lid to lljd Average 9d to lOd Inferior 7Jd to 8£d Lambs— Best to 15d Good 8d to 9d Average 4d to 6d