LONDON WOOL MARKET

Sun (Auckland), Volume III, Issue 842, 10 December 1929, Page 10

LONDON WOOL MARKET

COMPETITION STEADY Press Association WELLINGTON, Monday. ? Department of Agriculture has .. ed the following cablegram, dated .ber 7. from the High Commissioner New Zealand, London:— • ol.—The sa es c losed on December ie attendanc e throughout was satisry. and competition generally was maintained. Continental buyers prominent in the Merino section. • 'me trade taking the bulk of New nd crossbred. Greasy wool was nail supply. npared with the closing rates at the series, superior Merino was 10 per higher, medium and inferior 5 per tine crossbred 7$ per cent., medium coarse crossbred 5 per cent. • sing values were:—64’s, super. Is ■ > Is 7d a lb (nominal), average Is o Is 21d: 56’s to sS’s, Is 4Jd to Is 50’s to 56’s, Is 4d to Is sd; 43's s, Is 2|d to is 4d: 44’s to 46’s, Is o Is 2Jd: 36 s to 42*s, Is Id to Is Slipe met with good demand, but line half bred lambs hardly maintained the last sale level. Medium crossbred was unchanged, and coarse crossbred was par to 5 per cent, higher. A total of 126,000 bales was catalogued. of which 10S.00O were sold, the home trade taking 49,000, and the Continent 60,000.