Crossbreds Ease At London Sale

Press, Volume CVI, Issue 31083, 11 June 1966, Page 23

Crossbreds Ease At London Sale

(New Zealand Press Association)

LONDON, June 9.

Competition was generally well spread at the London June wool sales today, but lower prices for all crossbred wools confirmed the easier trend in overseas markets during the interval since the last London sale on April 28.

London Wool Brokers, Ltd., and the London Agency of the New Zealand Wool Commission, in their joint report, state that, compared with April closing rates, greasy medium and coarse crossbreds eased 2J per cent to 5 per cent, with lambs’ wool 5 per cent lower.

Scoured crossbreds were generally 2J per cent lower, but a small offering of merinos and halfbreds realised prices 5 per cent above April rates. Among slipes, lambs declined 2i per cent to 5 per cent, combing sheep 2} per cent, and clothing sheep 2j per cent to 5 per cent.

Because of the seamen’s strike the offering was smaller than expected and fell short of the quantity advertised by approximately 10 per cent. Of the 9600 bales of New Zealand wool put up for sale, 2000 were in the grease, 2800 scoured, and 4800 slipes. The greasy wools were drawn from various districts with Southland the best represented area in an average

to good average selection which included a good proportion of lambs. The scoureds consisted very largely of second-shear crossbred fleece, skirtings and lambs, only a small proportion of the offering comprising full-length wools. Most of the major freezing companies were represented in a fairly comprehensive selection of slipe woolly lambs.

The pullings covered several months of production with January and February pullings in the majority. Sheep wools were in relatively small supply. Price Range

The official range of prices is:—

d. d. Fine Medium Cross*bred, 48/50’s, 50’s— Good to average 49 to 52 Average Medium Crossbred, 45 to 48 46/50’Sr— Good to average 46 to 49 Average Crossbred and 44 to 45 Second - shear, 3in up, 46/52’s — Good to average First Crossbred 45 to 48 Pieces— Good to average First Crossbred 37 to 40 Lambs (long), 48/52’s— Good 50 to 53 Good to average 47 to 50