STEADY PRICES

Wanganui Chronicle, Volume 77, Issue 109, 10 May 1934, Page 9

STEADY PRICES

LONDON WOOL SALES SOME WITHDRAWALS Received May 9, 5.5 p.m. LONDON, May 8. Offerings at the London wool sales to-day were 9929 bales, including 4193 bales New Zealand. About 5695 bales were sold. There were larger and better selections with fair competition. Prices were steady, although withdrawals were rather frequent, especially of speculators’ lots. New Zealand wool sold included:— Svoured halfbred combing, “Alandale.” 32d per lb highest. 26 l-8d average; half bred lamb slipe, “Fcilding over TBS,” 17J highqst and 4jd average. The Bank of New Zealand, Produce Department, has received the following advice from its London office under date May B:—“The sales continue with competition rather hesitating. Prices are fairly well maintained.” Wright. Stephenson and Co., Ltd., and Abraham and Williams are in receipt of cabled advice from their London house regarding the London wool sales, and reading as follows: —“The wool sales continued before an average attendance of buyers, among whom competition was good for super and average wools. The market was irregular for inferior and faulty wools. Continental and Bradford buyers were the chief operators. We quote the following average realisations:— Greasy merino, 60/64, yielding 48 per cent., 16d per lb; greasy fine half bred, 56/58, yielding 64 per cent., 16d; greasy coarse crossbred, 36/40 ? yielding 77 per cent., Slipe and lambs’ wool were in buyers’ favour. Wool merchants were the main 'Ziyers for these types.” Murray, Roberta and Co., Ltd., have received the following wool market cablegram from their London agents, dated May B:—“Compared with present London sales opening rates, competition fair; greasy merino, par to 5 per cent, decline; scoured merino, declined 5 per cent.; crossbred market firm. ’ ’ DOMINION BUSINESS OFFERINGS AND SALES Dalgety and Co. report that wool offered in New Zealand during the month of April amounted to 67,526 bales, of which 56,942 were sold. For the ten months ended April 30, 1934, the offerings and sales this season and last com-

Exports of wool from Now Zealand for the ten months in review were as follows:

Exports for the month of April, 1934, only wore 84,993 bales.

I«are as follows:— Invercargill . 10 mos., 1934. Bales. Offered. Sold. 50,050 48,902 10 mos., 1933. Bales Offered. Sold. 49,903 44,691 Dunedin . . . 105,690 102,482 99,855 94,267 Tiinaru . 35,847 34,581. 35,398 33,600 Christchurch 86,190 82,900 87,402 83,538 Blenheim , 28 25 30 26 Wellington . . 139.567 128,076 120,984 104,975 Wanganui . . 91,327 80 451 70,514 59,061 Napier .. . . . 108.653 98,611 103,588 86,387 Gisborne .. . 3,610 3,610 2,893 2,261 Auckland . . 69,833 67,165 68,128 58,980 690,795 640,703 b38,695 567,776

Invercargill 10 mos., 1934. Bales. ,. 55,121 10 moe. 1933 Bales. 62,466 Dunedin .. .. ,. 84,046 89,765 Oamaru 3,122 4,766 Timaru .. 44,313 52,702 Christchurch .. 82,971 100,341 Blenheim .1,053 4.554 Nelson . ,. 2,814 2,218 Wellington ,. 145,151 137,373 Wanganui . 61,150 57,738 New Plymouth, Waitara . 2,833 2,762 Napier, Waikokopu ,. 112,726 118.086 Gisborne, Tokomaru Bay . . . 43,505 36,524 Auckland, Opua . 81,515 57,755 720,320 727,050