PRIVATE ADVICES

Evening Post, Volume CXII, Issue 86, 8 October 1931, Page 16

PRIVATE ADVICES

Cabled advices received by the Bank o£ New Zealand and the Wellington woolbroking houses to-djjy are given hereunder, all being dated London, 7th October. The Bank of New Zealand (produce department) :— "The gales have closed firm for all kinds of ■wool. There is an active demand by all branches of the trade. Current quotations for wool of good average condition: Merinos, 60/64's lOd to lid per lb; ordinary, 60/64's 8d to 9d; inferior, 60/64's 6%d to 7%d. Halfbreds, 56's lOd to 10% d; 50/56's B%d to 9%d. ' Crossbreds, fiO's 7%d to B]y4d;B]y4d; 48/50's 7d to 7%d; 46/48's 6\d to 7ttd; 44/46's 6d to GVid; 40/44's s»d to 654; 36/40's 59id to 6d." "COMPETITION ANIMATED." Messrs. Wright, Stephenson, and Co., Ltd., and Abraham and Williams, Ltd.: — "Wool sales closed. Average attendance ot buyers. Competition animated. Bradford buyers chief operators. Continental operating slightly better extent. 170,000 bales offered for series to date. 136,000 bales sold for series to date. Average selection. Greasy fine halfbred, 56/58's 9Hd; halfbred, 50/56's 9d; three-quarter-bred, 48/50's 8d; fine crossbred, 46/48's 7d; medium crossbred, 44/46's 6%d. Australian jto^rino par to 5 per cent, higher July closiig. Slipe 7% per cent, to 10 per c«nt, higher." "BRADFORD BUYING FREELY." Messrs. Murray, Roberts, and Co., Ltd.: —"Sales have closed firm; Bradford buy«rs operating freely, German moderately. Compared with last London saleo closing tates: Greasy merino, best descriptions, closing rates last series barely maintained. Greasy merino, medium to good, par to 5 per cent, advance; inferior to medium, par to 5 per cent, decline. Lambs, greasy merino, advanced 5 per cent. Scoured merino, best, market shows no change; other descriptions declined 5 per cent. Slipe crossbred, crossbred greasy comeback, and crossbred greasy fine advanced 5 to 10 per cent. Crossbred greasy medium and coarse and crossbred scoured advanced 5 per cent." CROSSBRED DEMAND. Messrs. Levin and Co., Ltd.: —"The auctions closed hereto-day firm, with buyers operating freely, especially for all crossbreds, including slipe wools generally.. The aparket for greasy merinos is slightly weaker and prices are not as good as last ■week. Compared with the closing rates 61 last sales, held in July, we quote: <sreasy merino, best, %d per lb higher; average, %d; fine halfbreds, 50/56's Id; halfbreds, 48/50's 94d; fine crossbreds, 46/48's %d; medium, 44/46's %d to %d; coarse, 40/44's Ud to 94d; low, 36/40's 2d to %d; flue slipes, Id; medium and coarse slipes, %d to %d, all higher. Scoured merinos unchanged." DISPOSAL OF PURCHASES. "Messrs. Dalgety and Company report:— ''The London wool sales closed active, ■With improved demand from the Continent. Offered 174,746 bales; sold 154,500. Home trade bought 90,500 bales, Continent 62,000, America 2000, carried forward 131,900, of which 121,500 bales were not offered. • "As compared with closing rates of last series: Greasy merino, par to %d higher; -scoured merino, par to Id lower;' greasy halfbred, Id to l%d higher; greasy fine crossbred, Id to VAd; greasy medium crossbred, 3id to Id; greasy coarse crossbred, %d to %d; scoured crossbred, par to Id; fine slipes, Id to l%d; other sorts *lipe«, par to %d—all higher. The following is the range of prices:—Halfbred, 30/58, good to super, 10% dto 12% d; low,medium, B%d to 10% d. Halfbred, 50/56, good, super, 9%d to lid; low, medium, 7%d to 9%d. Fine crossbred, 48/50, good, super, B%d to o%d; low, medium, 6%d to Bd. Fine crossbred, 46/48, good, super, 7%d to BVid; low, medium, 6%d to 7%d. Crossbred, 44/46, good, super, 7%d to 7%d; low, medium, 5%d to 7d. Crossbred, 40/44, good, super, 69id to 7%d; low, medium, 6%d to 6%d. Coarse crossbredj 38/40, good, super, 6%d to 7d; low, medium, 5%d to 6ttd." •: ADVANCE OF A PENNY. The New Zealand Loan and Mercantile Agency Company, Ltd.:— "Wool Sales.—The sales closed firmly today. Home buyers are the principal operators. As compared with last sales closing ;rates, prices are higher by Id per lb I for fine scoured crossbred.and fine crossbred elipe; prices are about the same for scoured merino super and lambs merino; prices are lower par to %d'per lb' for greasy merino, %d to Id per lb for scoured merino medium and inferior, and %d to Id, per lb lower for crossbred lambs; prices ■re higher %d per lb'for coarse crossbred, %d to Id per lb higher for medium crossbred, and Id to l%d per lb higher for fine greasy crossbred. Quotations for average to super grades of descriptions as below, were as follows:—Merino (average), 8d to 9d per lb; crossbred, 56/58 lOd to ll%d, 50/56 B%d to lOd, 48/50 7%d to B%d, 46/48 6%d to 7%d, 44/40 6%d to 7d, 40/44 6d to 6%d, 36/40 5%d to 6%d." BRADFORD TOPS PRICES. 1 The prices of Bradford tops at Ist October, the la6t cabled Press advices through, compared with those at 23vd July, when the London sales closed, were as follow:— Ist. Oct. 23rd July. Pence, Pence, Perlb. Perlb. '' Seventies 28 24 . Sixty-fours 25% 22% Sixties 23% 20% .fifty-sixes 17% 14% '■■'fifties 14 12% • Forty-sixes 12 10 • Forties 11 10 JULY AND OCTOBER. • The July series closing rates for New Zealand wools are here given for purposes of comparison with the rates at the close of the September series as quoted in today's cablegrams:— Good to Super. Low to Med. d. d. d. a. Halfbred, 56/58's . 0% to 11% 7% to D'/s, Halfbred, 50/sG's . 8% to 9% 6% to 8% Vine Crossbred 48/50's 6% to 8 5% to 6% line Crossbred, 46/48's 6% to 7 sft to 614 Crossbred. 44/46's ~ 6»4 to 0% 5 to 6 Cronsbred, 40/44's , c to B'/ 3 i% to 5% Coarse Crossbred, 36/40's 5% to 6% 4% to 5% Halfbreds to-day show a rise of Id per H» on the above prices, and crossbreds a rise of %d to %d.