WOOL MARKET

Wairarapa Daily Times, 13 March 1925, Page 5

WOOL MARKET

LONDON SALES. CROSSBREDS IN DEMAND. LONDON, Wednesday. At the wool sales there was good competition for crossbreds which realised full prices. The position of Merinos is unchanged, but there were numerous withdrawals, owing to the high reserves. The New Zealand clip “Mars” realised 22d and kid. —Aus .and N.Z. Cable Assn. EARLY PANIC PROPHESIED. (Received Friday, 11.10 a.m.) LONDON, Thursday. The Graphic prophesies an early panic in the wool trade, owing to the success of experiments for making synthetic wool from waste paper—Sun. LONDON PRICES. I The N.Z. TJoan and Mercantile Agency Co., Ltd., have received the following cablegram from London, under date 11th instant: — Butter. —Choicest salted, 174 s to ISOs per cwt. Market dull. Cheese. —,102 sto 104 s per cwt. Market steady. , SYDNEY SALES. [ FINE WOOLS WANTED. SYDNEY, Thursday. At the wool sales the market for all line and superfine wools ruled at the highest point of the week, and on a. par with'February rates. Broad-hairecL combing wools, however, were in poor, demand, and dropped 5 per cent. There was a strong demand for all classes of skirtings at late rates. Crossbreds were unchanged. Competition was fairly general. Greasy Merino sold up to 43’d. P.A*