LONDON WOOL SALES

Wanganui Chronicle, Volume 79, Issue 107, 7 May 1936, Page 11

LONDON WOOL SALES

MARKET OPENS FIRM SELLERS’ HIGH LIMITS Received May 6, 5.5 p.m, LONDON, May b. The London May scries of the wool bales has opened firm, but with no quotable change. The third series of wool sales open ed with an offering of 10,U97 bales, including 4888 from New Zealand, and 7974 bales were sold. The selection was good and representative. Competition was rather active, chiefly from the Home trade. Business, however, was chocked by the sellers high limits, which resulted in largo withdrawals. New Zealand greasy crossbred, “ llighlield, ” sold at 12d. and 9 7-l Bu. a lb. PRIVATE ADVICES CROSSBREDS UNCHANGED, Dalgety and Co., Ltd., London, May 5, report. —Wool sales opened witn fair competition. There was an average selection and good attendance. The Continent was quiet. As compared with closing rates of last series: Greasy Merino, par to id lower; scoured Merino, par to Id lower; greasy hallbreds, greasy line crossbred, greasy Merino crossbred, greasy coarse crossbred, and scoured crossbred, ail unchanged; halfbred slips, par to 4d lower. Other descriptions slipes unchanged. Market Rather Irregular. Levin and Co., Ltd., have the following cable from their Loudon agents, dated May 5, 1936: —The auctions opened here to-day with a large attendance of Home and Continental buyers. Good general competition, particularly from the Home tiade. Compared with last sale, prices generally show little change, although the market is rather irregular. As at present arranged, t/he sales will close on May 15. “A Good Tone.” Murray, Roberts and Co., Ltd., are in receipt of the following wool market cablegram from their London agents, dated May 5: —“bales have upeiicu with a good tone. Yorkshire buyers are the principal operators. Compared with the last London sale’s dosing rates, greasy Merino and crossbred greasy, for which the market is irregular, are from par to a 5 per cent, decline. For all other descriptions oi wool, the market shows no materia change. ’ ’ Good Competition. The New Zealand Farmers’ (Co-op. Distributing Company has received the following cable from its London office, dated ALay s:—“London wooi sales opened to-day and prices compared with the close of the last senes. There was a good attendance and competition. Alcrinos, greasy and scouied, par tu 5 per cent, down; crossbreds, greasy and scoured, unchanged; slipes, unchanged. Quantity available, 91,2 *U bales.’ ’ Yorkshire Chief Buyers. The New Zealand Loan and Mei cantile Agency Company, Limited, have received the following cabled ad vice from their London House, dated May s: London wool salts: The third ssrlc. opened to-day with a good attendance, Yorkshire being the cnief buyers. Prices as compared with the previous sales closing rates are par to in buyers’ favour, with the exception of gicasy Merino, which is about 4d to lower and slipe lambs, which is id lower. Competition Animated. 11 Wright, Stephenson and Co., Ltd., have received the following cable from their London office: —“The wool sales opened with an average attendance of buyers. Competition was ani- j mated, Continent and Bradford buyers being the chief operators. Aver- I age selection. We quote the following realisations: —Greasy Merino 60/‘I4 ‘ yielding 48 per cent., clean scoured basis 13Jd; greasy fine halibred 56/58’s yielding 62 per cent., clean scoured basis, 14Ad; greasy halforud 50/56’s yielding 68 per cent., clean scoured basis, 11 d; greasy three-quar-terbred 48/50’s yielding 74 per cent., clean scoured basis, 9d; greasy fine crossbred 46/58’s yielding 75 per cent., 84d; greasy medium crossbred 44/46's yielding 75 per cent., clean scoured [ basis, Sid; greasy crossbred 40/44’s i yielding 76 per cent., clean scoured I

basis, B|d; greasy coarse crossbred 36/40’s yielding 76 per cent., clean scoured basis, B]d; crossbred lambs 46/50’s yielding 74 per cent., clean scoured basis, llAd; sliped prices par.'’