LONDON WOOL SALES Bank Of N.Z. Report

Wanganui Chronicle, 31 May 1949, Page 7

LONDON WOOL SALES Bank Of N.Z. Report

The Bank of New Zealand, Produce Department, has received the following advice from its London Office by cable dated May 27: “The April sales have closed on a very firm note with widespread and sustained competition. Compared with a week ago most types moved against the buyers, New Zealand greasy crossI breds are selling strongly, but sliped i is a little irregular and scoured slight--1 ly cheaper.” Current quotations for wools of j average condition:—

Merino, 60/64’s — Ordinary d. 52 d. to 57 Half bred— 56/58’s 40 to 43 50/56’s 32 to 35 Crossbred— •IS '50’s 24 i to 26 46/48’s 24 to 24J 44, 46 s 224 to 23S The following range of sale room prices for New Zealand greasy vool is quoted:— d. d. Merino, 60/64’s— Average 2 o 56 Fine halfbred, 58’s-56’s-58’s Average 40 to 43 Halfbred, 50/56’s-56*s — Good 35 to 38 Average 32 to 35 Fine crossbred, 50-48’s/50’s-Super 26 X to 275 Good 25 to 26 Average 24 to 25 Medium. X-bred 46’s-46/48* — Super 25 to 26 Good - 235 to 24 J Average - — 224 to 23 Crossbred Lambs— Good 29 to 31 Average 22 to 24 1st X-bred Pieces— Good 205 to 225 Average 19 to 20 X-bred Bellies— Good .. 16 to 185