WOOL VALUES

Wanganui Chronicle, Volume 79, Issue 227, 27 September 1935, Page 11

WOOL VALUES

HARDENING TENDENCY Received Sept. 26, 5.5 p.m. LONDON, Sept. 25. Offerings of 10,627 bales were made at the London wool sales to-day. including 5738 New Zealand. About 9325 bales Australian and New Zea land wools wore sold.

I Strong general competition ruled. Prices had a hardening tendency. New Zealand greasy crossbred I “ESC,” sold JOd highest, 8 3-8 d aver'age. ! Wright, Stephenson, and Co., Ltd . ’ and Abraham and Williams, Ltd., report having received cable advice I rom I their London house regarding the Loni don wool sales reading as follows: I The sales continued before an average (attendance of buyers. The market is ; active and prices are well maintained. Continental and Bradford buyers are the chief operators. A good selection of wool is offering. Sliped prices are 5 per cent, higher ih m at the op-'r-ing of the series. R iss'.a i representa,1 tiirs are large buwjrs o ,: Australinn ' combing, greasy and sro ired wools. We quote the following average realisations:—Greasy AL’, n. 064 yiel'l in<, 48 per cent., 1.1.{d; greasy line ball | bred, 56-58 yiv’diug 2 i’ 1 . cent., 'l.pl; ! greasy halfbred. 50 56 yielding 68 per ceu’’., 9Jd; greasy th.ec'o ’arn r-bjed j 18-50 yielding 74 per ee i sfii, : (inc crossbred, 16 48 yioi'h-'g 7-> per , cent.., 7id; greasy medium jj'OHibred. ' -1146 yielding 75 per ce i* , 7'l; greasy • crossbred, 40-44 yielding ?•’ per cent, .(■■id; greasy coarse :r iss'iiud, 3C 4 ' ; yielding 76 per coni.., «'<.i 1, eresjb'ed lambs, 4G-50, yielding .1 per ceat., Bd. THE SYDNEY SALES Received Sept. 26, 10.20 p.m. SYDNEY, Sept. 26. \t the wool sales J 2,43 1 bales were offered and 11,154 were sold at am ■ tion, also 882 privately. The market i closed at the best point of the week, with competition strong and keen, par ticularly from the Japanese, Yorkshire, Germany and France. There was, how ever, some irregularity for burry, dusty fleece and skirtings. Greasy Merino sold to 18}<1 per lb.