LONDON WOOL SALES

Evening Post, Volume CXV, Issue 33, 9 February 1933, Page 14

LONDON WOOL SALES

CLOSING RATES COMPARED

Messrs... Dalgety and' Coinpauy's - report dated London/ Sth • February, states:— "The London wool sales, closed active/with good general competition. ' As, compared with closing rates o£ last series, greasy merino are from par to %d higher, merino scoured from par. to %d higher, greasy halfbred from 14d to %d higher, greasy fine crossbred - from par to %d higher, greasy medium and: coarse crossr bred unchanged, -except shabby and inferior; tlie change, if any, is in favour of buyers. Scoured crossbred and fine slipes are V-i to %d higher, coarse and medium slipe are about the same, greasy crossbred lambs are lid to %d 'higher. The following is the range of ■'prices':— Halfbred 56/SS. - „.■■- ,'.. . .'' . d. ... d. Good to super 12 to— Low to medium .*"... 8- to 11% Halfbred 50/56— .•'.,'.■' Good to super 10 to 12 Low to medium ......... IV- to 95i Fine Crossbred 48/50— Good to super '.......... 7 to 9% "Low to medium ......... 5 to 61Fine- Crossbred 46/48 — Good to super o to ,V/z • Low to medium ■ ...;-,.... 4% to '516 Crossbred 44/46— G,ood to super ....... . 514 to 6% Low to medium .... ■ iV- to 514 Crossbred 40/44— :" Good to super 514 to 6 ,Low to medium ......... 4% to 5 Coarse Crossbred 36/40— Good to,super ........... 5 to 5% Low to medium 4 to 4% Messrs. • Levin and Co. have received the following cablegram from their London, agents, dated > Bth February:—"The wool : auctions closed here to-day firm on a par with-opening rates for merinos and fine crossbreds. For medium and coarse crossbreds the market generally is rather irregular; the opening advances of %d to_d per lb are mostly lost, and in some cases the fall in values is more. Slipe wools generally are unchanged." -,The New Zealand Loan and Mercantile Agency Company, Limited, has received the following advice from its London house under date Bth February: , The London wool sales closed firmly to-day. , As compared with last sales' closing rates, prices are about the same for, fine scoured crossbred, medium • crossbred^coarse crossbred slipe, coarse greasy crossbred,, and coarse scoured crossbred. Prices are, higher* par to %d per lb for merino and crossbred lambs, also fine crossbred slipe. Prices are higher, %d per lb for medium scoured merino, greasy merino, scoured inferior merino, and fine greasy crossbred. Prices are higher %d to Id per lb for scoured merino super. There is good all round competition." Under date Bth February the following cablegram has been received from the London office of the New Zealand farmers Co-op. Distributing Company, _d.:—'Wool Bales closed to-day, and prices, compared as follows with closing rates of last series: Merino, greasy good to super, %d>to %d; merino, greasy low to medium, %d to !_;'merino, scoured good to super, %d; merino, scoured low to medium, %d to Id; greasy fine crossbreds, lid to %d advance. Greasy medium crossbreds, par to* %d; greasy coarse crossbreds, %d decline. Scoured fine crossbreds, %d to Id; scoured medium crossbreds, par to ■ Coarse crossbreds -unchanged. -.' Slipes, fine, %d advance. Slipes, medium and' coarse, unchanged. Closing values: Merino, greasy good to super, lOd to Is o%d; merino greasy low to medium, 7d to 9dmerino scoured good to super, Is 5d to i-'_.'j f^ 1* 00 '.scoured low to medium, _*T-d .+ s 4%d; easy fine crossbreds, 7 - oi?j ; Sreasy medium.crossbreds, 5d + •■'£-_' ®*easy coarse crossbreds, 41id to also;.: scoured fine crossbreds, Is 2d _i. s * _. scoured medium crossbreds, iii a lo'I o' }},i sc°ured coarse crossbreds, ™ to,. . - .slipes, fine, IOM to Is oila' -.ffi es ' medium and coarse, 6d to ~,. .sales closed firm, with good competition. The total sold was 64,000 bales tp the Home trade, 56,000 bales to the Continent." Under date Bth February, Messrs. H. Irwell and Co, wbolbrokers, London, cable:— London sales closed. As compared with opening prices fine crossbreds are unchanged;.medium-and coarse crossbreds are 5 per cent, lower. Prices realised for average topmakmg wools in sale room g;« ■•..,:..'.......:.......:..,. ..,.16_l 50'« —— —' —••"—«.v_..... 10% d .OU S - —._...- ._, __SK__ 48>s .■..•.....".""... "••"■■■'**■•■" '?«« 46's preparing""^-*';'][ '."■**'" . ■•• • i ,* a 44■'..-preparing ............. ikrl .Slipes, halfbred lambs ... """ wEt Shpes, three-quarter-bred lamii's".*.'." 9-d _pcs, crossbred seconds . 5%d ''■^^^^^■'^^^^^ _ The Bank of New Zealand, Produce * Department, has received the following fefe lts office under date--Bth February:_" The London wool sales have, closed'.firm-for all kinds of wool Compared with the opening of th°s __*' ■ lid to* %d per lb lower. Current values ?M £ Super 60/ M's! to 9%d inferior 60/64's, 7%d to 7%d ' m'W' r_V. d t0 U^- «/«'* '■ «/-?»* 4«/ ."- __i ds: 50' s- 61/* dto '6%d; 48/50 s, 514 dto 6d; 46/48's 5d tn _S.