LONDON WOOL SALES Bank Of N.Z. Cable

Wanganui Chronicle, 26 July 1949, Page 6

LONDON WOOL SALES Bank Of N.Z. Cable

The Bank of New Zealand, produce department, has received the following cable from its London office under date July 22. 1949:: “The wool sales have closed firm owing to increased competition. There is an active demand by Home and foreign buyers. Compared with the opening of the sales. New Zealand greasy fine crossbred wool is up to 5 per cent higher. Greasy medium crossbred prices are 5 per cent higher. Scoured crossbred very firm. Slipe half bred lambs and other lambs par. Blankets 5 per cent dearer. The following sale room prices for New Zealand greasy wool is quoted (prices are given in sterling without deduction for freight, expenses, etc.):

Merino. 60/61’s— Average 52 to 56 Fine Half bred, 58s-56/58s — Average 42 to 47 Half bred, 50/56s-56s — Good 37 to 40 Average 34 to 37 Fine Crossbred, 50s-48s /50s— Super 27 to 29 Good 26 l.o 27 Average 25 to 26 Medium Crossbred, 46s-16/48s-18s— Super 25 to 26 Good ... 24 to 25 Average 23 to 24 1st Crossbred Pieces>— Good 20 to 22 Average ' 171 to 191 Crossbred Bellies— Good 15 to 18 Average 14 to 17 Current quotations for wool of average condition (prices are given in sterling without deduction for freightexpenses, etc.): — Merinos, 60/64S— Super nil Ordinary ..... - ...... 52 to 57 Inferior nil Halfbred— 56758s 42 to 47 56s nil 50/56s - - ..... 34 to 37 Crossbred—• 50s - nil 48/50s 24 i to 26 i 46/48s 23 to 25 44746s - - 224 to 23 A 4H/44S nil 46/40s : nil