BROKERS’ ADVICES

Timaru Herald, Volume CXXXIX, Issue 20027, 7 February 1935, Page 16

BROKERS’ ADVICES

The New Zealand Loan and Mer cantile Agency Company Ltd. have re ceived the following advice from thei London House, dated January s.—Firs series closed to-day, market firm, price unchanged as compared with opening except superior scoured Merino Sc more. German and Russian competi tion fairly active.

Dalgety and Company Ltd., have re ceived the following advice from thei London office.—Wool market closet with strong tone and good demanc Home trade and Continent includini Germany and Russia competing freel for greasy super Merino, scoured supe Merino and good greasy crossbred. A compared with closing rates of las series.—Greasy Merino, good to supei £d higher. Greasy Merino, average an inferior, unchanged. Few New Zealan descriptions offered. Scoured Merini good to super, *d to Id higher. Scoure M rino, average and inferior, par t *d higher. Greasy half-bred, offering practically nil, nominally unchangec Scoured halfbred, par to id highe] Greasy crossbred, fine, id to 2d highe] Greasy crossbred, medium, id to l higher. Greasy crossbred, coarse. Id t id higher. Little change for old an shabby wool. Scoured crossbred, pa to id higher. Greasy lamb, par to per cent, lower. Slipe lamb. fine. I higher. Slipes, other descriptions, un changed.

RUSSIAN DEMAND FOR WOOL PURCHASE IN LONDON United Press Association—By Electric Telegraph—Copyright LONDON, February 5. “The Yorkshire Observer” says: “It : estimated that nearly 4000 bales c New Zealand greasy crossbreds wei purchased at the London sales o Russian accounts to Friday night, i addition to good weights of greasy an scoured merinos. Many lots which were withdrawal the beginning of the sales have bee reoffered and realised id to 3d mor Russian buyers paying the increase. Some buyers estimate that tl Continent has taken three-quarters - the greasy crossbred offerings sin January 24, of which 65 per cent w’e' on Russian account.

MINING NEWS By Telegraph—Press Association! DUNEDIN. February 6. Telegraphic advice was received Dunedin to-day from the manager the Nevis Sluicing Claim Ltd. that nugget weighing 3oz 4dwt has be< found by him. and that he w r as fo warding it to Dunedin. (Continued on Page 2.)