ALL PRICES ADVANCE.

Press, Volume LXVII, Issue 20184, 12 March 1931, Page 10

ALL PRICES ADVANCE.

LONDON WOOL. SALES. - - KEENEST COMPETITION', (rumen fkxss *lbctbic a^LEQEiPH-COPraIOST.) LONDON,' March 10. 1 At the opening-wool-said of the series, 11,775 bales were offered, including 3801 from New Zealand, and -approximately 8310 were sold., 1 ?was" an excellent'and represenselection of all classes, with a - crowded attendance: and tfhe keenest competition. Yorkshire buyers were < predominant f . but Continentals were operating strongly; in the.ir sorts. All prices .advanced, coiupared-..with February'dosing rates, as>folloWs: — . Merinos—t < .. Greasy, 15 per cent. ... Scoured,'lo to 15 per cent. ' Crossbred — Greasy, 20 per cent. t . Scoured; 15 to '2O per cent. Slipes, 15 per cent. .. All- lambs, 15 per cent. , New Zealand sales included : ; - " Greas y crossbreds Top ; Avcr . ■' . age... i ; .. i ■ d. d. ' Tokomaru ■.». .... , Tewhanga «• ■ * BROKERS' REPORTS. PYNE, GOULD, GUINNESS, LTD. Pyne, Gould, Guinness, Ltd., have received the following cablegram from London, dated March' 10th:—w The wool sales opened to a good attendance," with- animated competition, principally ■ from the Home trade. As compared %ith the January series fine cross,' 14d to 2d dearer, medium and , coarse lid to- lid dearer. Bank of New! Zealand. The Bank of l New v Zealand has re- ; ceived the following' advice 'from its London office, under date March 10th:— The -sales .have opened with strong . •competition- and large.-j.attendance, .of buyers: ''There ;is 'active demand 'from'all branches of tie tradd. Compared with theclose of last series • greasy- iperinp and fine crossbred 'are ljd to 2d.per I]j higher, and medium and - coarse- crossbreds. are. lid to ljd per lb higher. -Zioan and Mercantile. ' The! New Zealand- Loan and M?ercanj tile .Agency-. Co., Ltd-,- have received the following cablegram ■. from * their London office, under .tote March 10th:—; There was a full attendance at the opening of the sales to-day. Competition by Xjtome buyers was keen. Competition on Continental account was fairly active. The opening catalogues were representative. As compared with last sale's closing rates, prices are lid to 2d per lb higher for crossbred scoured and .greasy- merino, Id -to lfd per lb higher for crossbred .Slips and greasy crossbred,,? K 1 - *\ and Agency ' » gram'from ; office, tender . I liark .lOth:-- "> y i i • ;The auctions to-day, with ■ attendance -of 'Efome and' Con■, i\ <b3)l • round, 4 ~ e fl?e<?,iittlljgl . Bradford. . i. I" w^Vs •W J Yr,-'T- '! i |some. ..cases;., ral^e? vmpirej "ifoolrf; ge4eraUyXM d :<&¥**} '* Bco'J?'w 1 Capterbury,-Ltd.; i opened .to-day, and prices" with last liondon^ries li i yi '• c'rosisbtedV .10' to, 2d' dearer, 'slipes - lid I dearer. * ' ' . Dalgety. and Co., Ltd. - ~ Dalgety and Company, Limitedf have' ' .received the following cablegram from I their London v offlce, dated March 10th:— r !.'" London, wool sales opened with com- | 'petition'.very .animated. The selection' - was gqod.and the attendance large. Conl finent and Home trade competing freei ly, -As compared withAclosing fates of . last;.series: — • i - ' ' - ' Higher. ' ■ ' •• /a. d. Greasy merino ' " , •• jli to 2J 1 Greasy' talfjtfred 1} to 2J , Greasy crossbred fine .. li to 2i " Greasy' crossbred medir, ' nm. and coarse .. li to 2 , , Lambs greasy •.1 to li DUNEDIN AUCTION! VALUES ApipBECIATE FORTY. r i TWO PER CENT. * 1 ( (PBMS njBMSaRAM.) ' ' - pUNEDINj March 11. ' One firm of selling brbkers 'states that ' on a per bale basis as, compared, with ; that .of February, the rjecent wool sale ■'i showed an appreciation in values of 42 [ per, cent.- - »<! - I

\ ; SPIRITED COMPETITION. b\ ' - , • ' ! ' • / [ DUNEDIN values maintained. I > - (IKES a <ASsociatiox raiiGBAU.) , s INVEBCAEGILL, Match 11. [ 3 The secgpd Invercargill .wool sale was ield' to-nigH -when a catalogue of ' -16)000-bales was offered to spirited com- ! petition ftom all sections. The sale was I an ,exceedingly brisk one. Best'quality , .wools showed a rise of threepence cora- [ pared with the first sale at the eud'of " January., Passings' we're infinitesimal. Competition' was well distributed, but "Was soon apparent that Japan was : exercising the dominating influence and ' she Retired a fair of wools spt- ■ able to her requirements.,, Tiff, Oontinr ent seeurod a fair proportion of fleece ! stools, but Bradford appeared t« * na

in the market, and bought steadily. FraacfWCompeted 'keenly for pnd particularly .far pieces. Local buyers' operations were naturally restricted iu view of the sudden rise, but a certain percentage, of Buitable wools urere so- - cured by these -interests. , The range of prices was as under:—. . ■

INVERCARGILL SALE.

d. d. Halfbred — Super 9 to ni Medium ' • ... 7 to 8} Inferior .. 5* to 6i Pino Crossbred — Super .. 8 to 11 Medium .. -1 to 8| Medium' Crossbred' — , Super 8J Medium 7 to 74' Inferior .. 4J to ti| Coarse Crossbred — Super .. to ■ si Medium 6i to 71 Inferior 5i to 6 Hogget— , Super \ ' . 8i. to 1) i Medum . -7i to 8J, Inferior , 6 to /7i Pieces— Extra good . .. -6$ to 64 . First crossbred . 4} to 61 * Second crossbred - .. 3 to 4£ Bellies—' k First crossbred 4 to ; 5i , Second crossbred . 3i to Aj Crutehings— First crossbred .. 4 to 4|- ' Second crossbred 3 to 3} Necks— • ■ First fine ■ f .. , to 6J Seconds' ■ : ' . to 5 Looks' * ' . ... ,. Si to 3 Bead . • ,»•; ... 5 to '6i