THE WOOL MARKET

Wanganui Chronicle, Volume 77, Issue 148, 26 June 1934, Page 9

THE WOOL MARKET

LONDON JULY SALES PROSPECTS FALL IN PRICES EXPECTED j The Bank of New Zealand, produce ' department, has received advice from its London office, under date June 22, That at the next sales, commencing on July 3, merino and fine crossbred are expected to decline l|d to 2d., medium . and coarse crossbred Id per lb. At the close of the May series of London wool sales, the Bank of New Zealand’s London office reported the I following prices as ruling:—

Per lb. Merino— .1. cl. I Super. 60/64’s .. .. . 19 to 21 Ordinary, 60/64’s ., 16 to 17 Inferior, 60/64’s .. . . 13 to 14 ! Halfbreds— 56 J s.. • • • . 151 to 16' 1 . .12 to 13 Crossbreds— 1 . 91 to 10 48/50’s . SJ to 91 46/48’s . 8 to 8 44/46’s . 7J to 8 40/44’s .. 7 to 7£ 26/40’r 64 to 7 1 The London office of Dalgety and Co.. Ltd., gave the following closing range of prices:— Per lb. Merinos— <1. d. ! Good to fuper . 181 to 201 i Low to medium .. . 141 to 811 Ilalfbred, 56/58— Good to super . 16 to 191 ■ Low to medium .. . 131 to 151 1 Halfbred, 50/56— 1 Good to super . tn 1;>4 Low to medium .. . . 9'1 to 10i Fine Crossbred, 48/50 — Good to super in to 12 I Low to medium .. . 7 TO 94 1 Fine Crossbred, 46/48 — I Good to super 8 to 94 Low to medium .. . 6 to 73 Crossbred, 44/46 — Good to super . 74 to SJ 1 Low to medium .. . . 5! to 7i I Crossbred. 40/44 — Good to super 63 to 71 Low to medium .. . . to 64 1 Coarse Crossbred, 36/40 — 1 Good to super 64 to 7 | Low to medium . . . . 6i to 6i — i