LONDON WOOL SALES

Wanganui Chronicle, Volume 72, Issue 291, 7 December 1929, Page 11

LONDON WOOL SALES

Dalgety and Company report under date, London, December 4: —“Sales cTosnd fairly active with fair competition. Last week’s prices barely maintained, many buyers having filled their Orders. As compared with closing rates of last scries. Greasy Merino id lo lhl higher; scoured Merino 2d to 3d; greasy halfbred Id to lid; greasy fine crossbred Jd to Id; greasy medium crossbred id to id; greasy coarse crossbred id to Jd. scoured crossbred Id to lid, fine slipcs Id to lid lower; other slipes id to Id lower; lambs, crossbred, par to rather lower. Offered 126,465 bales. Continent have bought 59.500 bales; home trade have bought 48.500 bales. Carried forward 30,000 of which 19,500 were not offered. Total sold 108,000.

Messrs Murray, Roberts and Co. Ltd. are in receipt of the following wool market cablegram from their London agents, dated December 4: Sales have closed. Continental buyers principal operators; compared with present London sales opening rates — Merino fine, competition keen, market shows no material change; greasy Merino, other descriptions, declined 5 per cent; competition irregular. Lambs: Merino greasy, market firm, shows a hardening tendency; scoured Merino, except first descriptions, market firm; other descriptions declined 5 to 7J per cent. Slipe crossbred: Market showns no change.