COMMERCIAL

Stratford Evening Post, Issue 45, 6 December 1929, Page 8

COMMERCIAL

LONDON WOOL SALES CLOSE OF THE SERIES A BEVIEW OF VALUES LONDON, Dec. 4. The wool sales closed with a firm tone. To-day's offerings were 11,1)58 bales, of which 4542 were from New Zealand All descriptions realised full recent rates but withdrawals were numerous owing to holders' firm limits. Xew Zealand crossbreds again sold readily mostly to Yorkshire. Best, greasy halfbrods brought 17d and fine halfbrods slipc lambs C.M.C. eclipse brought 19Jcl. The totai catalogued for the series was 125,800 bales" of which 109,000 were sold, the Continent taking about. 60,000 and the Home trade nearly all the remainder. The Australian sale amounted to 59,500: bales and New Zealand 35,000. A total of 17,800 bales was held over. Catalogues included a capital selection of new clip Merinos, for which the French, particular"\y the .Alsatians, competed keenly, Germans were more reserved than usual but were showing increasing in tercst as the sales progressed. The bulk of the crossbred offerings con. sistcd of slipes which went chiefly to the home trade. Primes, compared with October closing, show that Merino and all good combings generally advanced Ik to t« per cent, broader and lighter sorts, which, chiefly were sold to Yorkshire, 10 per cent, and scoureas improved throughout, closing 10 percent up. Crossbred greasies were in limited supply. Halfbrods were !■■ per cent higher, while medium and low qualities firmed to 10 per cent. Slipes which formed the bulk of tl > Xew Zealand offerings, generally were firm, throughout, but fine halfbreds and three-quarterbretls were from par .to five per cent, easier, while lambs advanced five per cent. The next auctions will commence on January 21.