LONDON WOOL SALES.

Press, Volume LXVIII, Issue 20491, 9 March 1932, Page 12

LONDON WOOL SALES.

A FIRM TONE. READY CLEARANCE. (tyiITSD PRESS ASSOCIATION—BY ELECfBIC TELEGRAPH—COPX3IGHT.) LONDON, March 7. At the wool sales 8777 bales were offered, including 2949 from New Zealand, approximately 3274 being sold. There was a firm tone, and the offerings cleared readily, Bradford securing the •bulk of the crossbreds, and the Continent most of the merinos and greaaies. New Zealand, Kuaka, top price 9d, average 6Jd. Eclipse, lambs, slipes lOd top price. The Bradford tops market is quiet, p-'ith an easier tendency. Slipe Wool Selling Freely. The National Mortgage and Agency Co. of New Zealand, Ltd., have received the following cablegram from their London office:— The auctions are proceeding at the level of opening day. Heavy withdrawals. Slipe wools are selling better than greasy. The following prices are current: —

* SYDNEY SALES YORKSHIRE DEMAND. VALUES REMAIN FIRM. (UKITED PRESS ASSOCIATION —BY ELICTRIC TBLEGBAPH—COPYRIGHT.; (Received March Bth, 9 p.m.) SYDNEY, March 8. At the wool sales . the offerings totalled 10,081 bales, of which 9053 were sold,' also 1280 disposed of privately. Yorkshire operated freely, supported to a moderate extent by Japan and the Continent. Values were . firm, particularly comebacks and crossbreds. Greasy merino made up; to l6d. DEMAND FOR PHOSPHATE. INCREASE IN AUSTRALIA. ' (PBESS ASSOCIATION TK.E&BAM.) AUCKLAND, March 8. Mr r T. Lodge, representative of Great Britain on the Pacific Phosphate Commission, Sir A'. Pi JSflis, New Zealand representative, and Mr P. Christian, ' manager at Ocean Island, arrived by the Aorangi. Mr Lodge and Mr Christian will sail early next month for: Nauru "and Ocean Islands by the Commission's new steamer,; Triona. Mr Ellis said there was an increased feiri&nd. for phosphafes in Australia. The slump .had led to a slackening in orders, out it was hoped that the plants would soon be working again at | rull capacity. SOVIET TRADE. SCATHING COMMENT BY LONDON " TIMES." "The dislocation of markets following the wheat-dumping by Russia, which notably affected the Dominions, is only a faint foretaste of what may be expected shortly, if trading with the Sordet is not reformed," says the "London Times," which demands that Great | Britain should take immediate action to protect the trade of the Dominions. The-only effective solution to check ' the swamping the markets, it insists, is a world-wide agreement to regulate trade credits, which at present is most difficult. Meed for Action. ''ln the meantime," the article adds, "Great Britain, which is particularly vulnerable, must deal with the situation as best she can in the interests of the trade of the Dominions and the Riore friendly countries. "She must denounce the present onesided agreement nn£ devise less dangerous relations, ensuring that the money Britain spends with Russia is expended by the Boviet in paying for liussian purchases from Britain, and that it is not used to finance the agitation to overthrow the Empire. . Dumping Evil. "It would be sheer folly on the part of, Great Britain to allow the wholesale dumping of the produce of convict labour, and crush a promising Dominion industry. "The Government must deal firmly with the menace, and seek powers, if they do not already exist, to cope with it. "The timber contract is only part ol : a much larger question that the British and other Governments must shortly face if they are to save their economic life. "Whatever the results of the Fiveyear Plan, the Soviet's oligarchy, ruthlessly exploiting one-sixth of the world surface . and her long-suffering labouring millions, regardless of everyone standing in the way, constitutes a monopoly with which individuals are unable to cope." PROPERTY SALE. H. G-. Livingstone and 00, sold yesterdayftt their rooms, on : account Colonel H. C. Hurst, D.5.0., a residential building eito, comprising 1 rood 6 perches of land, with ! stream frontage, situated . "Wai-iti terrace, I'erdatton, to Mre G, Blakeway. —6

d. d. Merino— Super 10J to 11£ Average 8 to 9 Pine Halfbrecls — Super, 56/58 11 to 12 Average 10 to 11 Medium Halfbreds— 50-56 9 to n Average 7 J to 8 Coarse Halfbreds — 48-50 7 to 72 Average . of to 64 Pine Crossbreds Super— 46-48 6J to 7 Average 5$ to 6 Medium Crossbred Super— 44-46 5J to 6-1 Average 5 to 54 Coarse Crossbred Super— 40-44 5i to 6 Average 5 to 5$ Low Crossbred Super— 36-40 5i to 52 Average .. . 42 to 5i Pieces 4 to 44 Bellies 32' to H Locks 2} to 3