WOOL MARKET FIRM

Taranaki Daily News, 27 July 1935, Page 11

WOOL MARKET FIRM

EAST SALE OF LONDON SERIES. RUSSIAN SUPPORT FACTOR. By Telegraph—Press AsSn.—Copyright. London, July 25. The final sale of the July wool sale series was held to-day. After a setback towards the end of the second week the demand widened and the market closed firm, nrices tending in the sellers’ favour. Compared with tne May closing rates Merinos of a greasy warp character were 10 per cent, higher. Purely Continental types and topmaking fleeces were 5 to 7J per cent, higher, fine and bulky scoureds 5 per cent., broader styles 5 per cent, and inferior and faulty sorts from par to 5 per cent. Fine and medium crossbreds were helped by the recent Russian support and were 10 to 15 per cent, higher and slipes 7i per cent. The total catalogued was 120,164 bales and home buyers bought 59,000 bales and thd Continent 40,500 bales, while 72,000 bales were held. The total Australian sales were 45,000 bales and New Zealand 45,000 bales. At the final sales to-day 7704 bales were offered, including 2434 bales from New Zealand, and about 4414 bales from Australia and New Zealand were sold. New Zealand quotations: Slips half-bred lambs, Feilding, top price, 13d, average 104 d. ■ . On the Bradford tops market Merinos are easier but crossbreds are firm. Following are to-day’s prices and those of the pfist three weeks:— July 4 July 11 July 18 July 25 Per lb. Per lb. Per lb. Per lb.

BIG FALL IN WOOL INDEX. By Telegraph—Press Association. Wellington, July 26., Based on the Government Statistician’s index number for export prices, wool tor the 12 months ended June 30 was 7ao, against 1800 on June 30, 1928.

d d d d Seventies 314 31i 324 32 Sixty-fours .. 30 31 31 30 Sixties 28 29J 291 29 Fifty -sixes .. 194 20 26 it Fifties Mi 15 15 • 15 Forty-sixes ... 12 12| 12± 121 Forties 104 10i 10J lOi