CLOSED FIRM

Evening Post, Volume CXV, Issue 75, 30 March 1933, Page 14

CLOSED FIRM

LONDON,WOOL SALES

POSITION OF CROSSBREDS'

(Received March 30, 11 a.m.) LONDON, March 29. Final catalogues 'offered at'the London iiarch series oi wool sales today amounted to 6530 bales, including 2745 bales New Zealand. About 2010 bales have been sold,.'and the series closed firm, with .offerings xnostly. cleared. New Zealand greasy halfbred, "Mount Paul," realised lOd highest, 9V4d average; halfbred Jambs, slipe, "Tomoa-na," 10$ d • highest, 10% d average. Of the 101,871 bales catalogued the Home market took 30,000, the Continent £9.500. ■ . The total Australian woo] sold was 33,000 bales, and New Zealand 30.000. Prices realised, when compared with the February closing rates, showed that greasy merinos and the finer grades were practically unchanged; broad-haired MeriWos- were 2% to 5 per cent, cheaper. Scoured wools of the liner sorts, were also slightly easier, -medium being sold at par fo 5 per cent, cheaper. With regard to crossbreds, fine sorts were 10 per cent, and medium and coarse were 7'/& per cent, easier. '. Slipes were generally 10 per cent, .down, the finer sorts, however; being IVs per cent, lower. ( . SUPPLEMENTARY ADVICES. ' Cablegrams, all dated London, March %S, have'also been received, as follows:— The Bank of New; Zealand, Produce Department: ."The sales,have closed firm for all, kinds of wool. Tliere is an active demand by all branches of the trade. Cur-' ient quotations: Merinos, super, 60-64's, lid t0.12d per 1b; ordinary, 60-64's, B%d to 9%c1; inferior, 60-d'sf, 7d'to-7%d.' HalfJi'reds. sG's, 9%d to 10%' d; 50-56's, 7V*± to Bd. Crossbreds, 50's, 5%d to 6%d; 48-50's, 5d to 5%d; 4G-48's, 4%d to 5%d; 44-46's, 4%d to 4?id; 40-44's, 4Vid to 4V4d; 36-40's! «id to 4%c1, all per lb/' ' , T.HE MERINO DEMAND. i ■ Levin and Co., Ltd.—"The auctions closed, here" today. .■ Compared. with1 the ppening rates, ire qyote: Greasy Merino, best and average, unchanged; fine halfbreds, 50-56's, %d to %d per lb lower; halfbreds, 48-50's, %d; fine crossbreds, 46----4S's, %d; medium, 44-46's, %d; coarse, 40----44's, %d; low, 36-40's, %d—all lower. Slipe wools generally, scoured merinos, and . erossbreds, unchanged. There'is a feood demand' for scoured merinos." ' ' "THE SLIPE POSITION. ' Invell and Co., London, cable:—"Wool sales <.losed today.' As compared with opening prices of the current series, fine c-rossbreds are S -per cent, lower, but medium and coarse are firm without change. Prices being realised in, the saleroom during this las*, week for average top-making wools vote: 58's, B%d; 56's, £%d; 50's, 6%d; 48't,, 4%d; 46's and 4i's preparing, 4%d. '•Slipe.—Lambs, halfbred, lid; lambs, three-quarter-bred, B^d; lambs, crossbred sVid. '"Tire next series will open May-9;" 'f "FINISHED V^ERY STRONG." . The New Zealand Farmers' Co-op. Distributing Company, Ltd.:—"Wool sales closed today and prices compared with closing rates last series were: Merino, greasy,, good to super, %d to %d lower; low to medium; %d to %d,. merino, scoured, good to super, all Hower; low to medium, unchanged; greasy fine crossbreds, Id to l%d; greasy medium crossbreds, %d; greasy coarse crossbreds, %d; scoured fine, all lower'; medium and coarse crossbreds, ■unchanged; slipes, fine, Id to l%d; sjipes, medium and coarse, %d; slipes, coarse, ,%d to %d, all loa'er. ' •'Closing values, merino greasy, good to euper, 9sd to lid; low to medium, 6%d to ■.7%d;1 merino, scoured,.: good to pnper. Is 5d to,ls:8d;low to medium, Is 2wd to Is 4%d; greasy fine crossbreds, 9d to lid; medium, 5d to 7d; coarse, 4d vto Sd; ficouied,, fine crossbreds, Is Id to Is 4d; medium, 7%d to" lid; coarse, 5%d to Bd. Slipes, fine, B%d tb'lU&d; medium and «oarse,:6d to 8d; coarse; 4d to Od. , "Market; closed firm; good, competition throughout; 'finished very strong. Total sold 71,500 bales; Home trade; 36,500 bales; lialanco to Continent." ,; INFERIOR WOOLS SUFFER. Murray, Roberts, and: C 0.," Ltd.—"Sales Tjave closed with a good- tone; competition g^ood and general; Bradford and' German buyers operating very, freely; French buyeis operating moderately. Compared with last London sale's closing rates, greasy merino, best descriptions, and wool suitable for;the Continent, market firm. Wool suitable for Yorkshire, par to 5 per cent, .decline; scoured merino market irregular, ■par to 5 per cent.''decline; crossbred, igrcasy, fine, declined ;7% per cent; crossbred greasy medium, declined 7% to 10 per cent., and market very irregular; crossbred greasy coarse, declined 10 to 15 per cent.; crossbred greasy, coarse, inferior descriptions, show the greatest decline; , crossbred scoured fine market shows . no material change; crossbred scoured, other descriptions, declined 5 to 10 per cent.; plipe crossbred declined 5 to 10 per cent." GOOD MERINO DEMAND. < The New Zealand Loan and Mercantile Agency Company.—"London Wool Sales: !the sales closed firmly today. Market very firm for good merino. As compared with last sales closing: rates prices are about ftio same for merino and.crossbred lambs. Prices are par to %d per lb lower for scoured' crossbred. ■ Prices are lower >',4d per lb for medium and inferior merino and-.coarse; greasy crossbred; Id, to l%d per lb for fine greasy crossbred; %d per lb for medium greasy crossbred, and %d to %d per lb for medium'and coarse crossbred slipe; also Id per lb lower for fine qrossbred slipe." SOME REALISATIONS. , Wright, StephcTison arid Co.. Ltd., and {Abraham and Williams, Ltd^'Wool sales closed on a firm market. Competition was animated between an average attendance of buyers of whom, the Continental ajid Bradford' representatives were, the chief operators. American buyers were Hot operating. Ofterings for the series ;w;erc 98,000 bales of average solecUou o£ wools. Of these 88,500 bales were sold. We quote the following average realisations:—GreaEy coarse crossbred. 36/40's, yielding 77, per cent., 4d; crossbred lambs, . 46/50's, yielding 7.j per cent., VM; Australian merino prices, par to 5" per cent. Jugher." ' AN ACTIVE CLOSE. Dalgety and Company.—"London Wool Bales closed active'with brisk competition. Continental "buyers principal operators, Home trade operating freely. As compared with closing rates of last series, greafcy and scoured merino, unchanged; Siioasy halfbred, Id to l%d lower; grrasy iine crossbred, %d to Id; greasy medium apd coarse crossbred, %d to %d; scoured Halfbred. unchanged; scoured crossbred, par. to' %d lower; fine slipes,. %d to Id; other, descriptions, slipes, %d to 94d; good greasy crossbred lambs, unchanged; ether descriptions, : %d lower. .''The following is the range of prices:— Merino, good to super. lOd to llSid; low to medium, VM to 9 ]/4d. Halfbred, 50 to 58's, good, to super, 10d to lid; low'to jnedium, 7%d to 9!4d. Halfbred, 50 to 56's, good to, super, B%d to' lOd; low to medium, 6d to Bd. Pine crossbred, 48 to 50's, good to super, (id to 8d; low to medium, 4%d to 5%d. Fine crossbred, 46 to 48's, j*bod to super,. 5%d to G'/id; low to niedipni, 4d to SMcI. Crossbred, 44 to, 46's, good tb super, .Id to 6d; low to medium, 3%d to 4%d. Crossbred, 40 to 44's, good to buper, 4%d to 5%d; low to medium, 3%d to i^sd. Coarse crossbred. 3G to 40's, good to super, ilkd to sd; medium to good, 3'Ad Jtp 4%d. Bank o£ New South Wales: "London fcvool sales closed firm at opening rate(s) >#ith good competition." '

'The secretary, of Golden Sands,' Ltd;, Reports receipt of the following . advice from the Golden Sands mine .manager! a.t Barry town: "Twenty'-thrce ounces eighteen SfJiiiyweishts gqld-for eighteen shifts.".*