RUSSIA BUYING

Wanganui Chronicle, Volume 79, Issue 168, 20 July 1935, Page 15

RUSSIA BUYING

LONDON WOOL SALES Received July 19, 5.5 p.m. LONDON, July IS. .At the wool sales to-day 9938 bales were offered, including 6038 New Zealand. About 7574 bales of Australian and New Zealand wools were sold. Keen competition ruled for the better grades of Merinos and crossbreds at full rates, but inferior wools were somewhat irregular in price. Russians were buying greasy crossbreds at hardening rates. New Zealand scoured Merino, “RR/T,” sold 21|d highest and 21 3-B<l average. Slipe half bred lambs, “Belfast” sold highest and I3.fd average. Wright, Stephenson, and Co., Ltd., and Abraham and Williams, Ltd., report having received cable advice from their London house regarding the London wool sales reading a.s follows: — “The wool sales continue before an average attendance of buyers among whom competition is animated. Con-> tinental and Bradford buyers are the chief operators, and the market is firm. An average selection of wool is offering. “We quote the following average realisations: —Greasy Merino, 60-64, yielding 48 per cent., lljd; fine halfbred, 56-58 (64 per cent.), lljd; halfbred, 50-56 (68 per cent.), lOd; threeq<urterbred, 48-50 (74 per *cent.), B|d; greasy" fine crossbred, 46-48 (75 per cent.), 7sd; greasy medium crossbred, 44-46 (75 per cent.), 7|d; greasy crossbred, 40-44 (76 per cent.), 6sd; greasy coarse crossbred, 36-40 (74 per cent.), 6|d; crossbred lambs, 46-50 (74 per cent.), BJd. “Australian Merinos arc 5 per *cent. lower.” _ ________