LONDON WOOL SALES

Evening Post, Volume CXXVI, Issue 138, 8 December 1938, Page 22

LONDON WOOL SALES

MARKET UNCHANGED

OFFERINGS,IND MIES

(By Telegraph—Press Association—copyright, t

(Received December .8, 12:5 p.m.)

LONDON, December 7 At rthe London wool sales today 7157 ibales were ofiEered, including 2764 New Zealand, and 5621 were sold. A moderate selection was submitted. Witnidrawals were frequent all round. New Zealand greasy half bred, "Acland," sold at ao£d. \ in/I(Wl . , Throughout the series 104,200 bales were offered, including 39,500 New Zealand, and 85,590 were isold, including 3i;500 New Zealand. Best 'greasy -merino closed at par with the cdbsing rMte« of September series. Good average wools were _5 per cent (down. Short stapled, 1% £er ;cent. lower; bulky scoureds declined 2i per cent, and ordinaries were 5 per cent lower- Crossbreds, fine, sold at par to 5 per cent, down, and medium to coarse at par with September. .

LONDON, December 6. At the wool sales 6555 bales were offered, including 3516 from New Zealand, and 4911 were sold. There was a poor selection of chiefly New Zealand wools. The home trade demand was leas active owing .to; the, wools being more suitable for Continental purposes. Withdrawals were frequent among slipes and inferior merinos owing to the low bids. Rates were generally maintained. New Zealand greasy halfbred "Strathconan," 10jjdr to 12|d; scoured merino combing "Flock Hill," 18d; islipe crossbred "TB.and S," B|d to 14£ d. New Zealand scoured crossbred "FW/R," lOd to 103 d.

The New Zealand Loan and Mercantile Agency Co., Ltd., has received the following advice from its London house, dated December 7:—London wool sales closed firmly today. Competition for crossbred was active, and prices were firm. Home buyers were the principal operators, but competition on French account was fairly actlive. .As compared with last .sale's j closing rates, prices were as follows:— ijMjerino> iambs, ipar 'to id per 'lb higher; super and medium scoured, fd to Idtiperib lower; inferior, Id per lb lower; superior greasy, par to |d per lb lower; medium greasy, Jd to Id perJ lb lower; anferaor greasy, M per lb lower; crossbred, medium and coarse slipe, lambs, par to id per lb higher. Daigety and Co., Ltd., London, report:—Sales, closed with competition fairly animated. Home trade principal operators. . Good support from

Continent, especially France. As compared with closing rates of last series: ,G£easy merino; par-to £d lower; greasy: ■average and inferior merino, id to Jd; lower; scoured super merino, at par; .scoured.average to good merino, Jd.told lower,; scoured inferior merino, -Id; to l£d lower; greasy, .halfbreds, at: parr scoured good rto super, at par; scoured id'to Id lower; greasy fine .crossbred, at par; greasy -meditim and' cdarse, .atpar; scoured fine, par to Id -lower; scoured medium, and coarse; par -to Id lower; j&ne slipes, par to id lower; other descriptions slipes, at par; greasy crossbred lambs, $d "to Id higher. Superior crossbreds nominal, practically none offered. The following is the range of prices:-r-Merino, G-S, 12£ d; L-M, B£d to 12d; crossbred, 56-58s, G-S, llf d to 13|d; LM, 9£d -to .ilid; halfbred, 50^565, G-S, ll£d to 12£ d; L-M, '9|d to lid; fine crossbred, 48-50s, G-S, lid to llfd; LM, 9£d to 101 d; fine crossbred, 46-48s, G-S, lid to 114; L-M, 9-ld to lOfd; crossbred, 44-465, G-S, lO^d to lljd; LM, BJd to 10|d; crossbred, 40^445, G-S, 10|d to Hid; L-M, 9|d to 10£ d; coarse crossbred, 36-40s, G-S, IOJd to lljd; L-Ul, 9id "to IOJdLevin ana Co., litd., have received the following cable from their London agents, dated December 7, 1938:—The auctions closed here today with good general competition, although there was rather an easier tendency 3o» inferior descriptions. The total qutntity offered was 104,219 bales; sold 35,500 bales; carried forward 51,000 including 16;500 from New Zealand. Compared with the opening rates, we quote:— Greasy merino, ibest, unchanged; greasy merino, average, id per lb lower; fine halfbreds, 50/56's, unchanged; extra fine crossbreds, 48/50's, £d per lb lowerpfme crossbreds, 46/48's, id; medium, 44/46's, id; coarse, 40/44's, Id; low, 36/40's, id, all lower; slipe wools generally unchanged. Murray, Roberts, and Co., Ltd., are in receipt of the following wool market cablegram from their (London agents, dated December 7:—Sales ihave closed, competition moderate; rail sections operating moderately; compared with last London sale's closing rates: Greasy merino declined 5-7£ per cent; best descriptions show -the least de-

cline; scoured merino declined 5 per cent; wool suitable for the Continent market shows no change; crossbred greasy fine, medium, coarse, and scoured, market shows no change; slipe icrossbred par to 5 per cent, decline, Quotations for closing rates for the November series shows no change on those for September and were as follows:~N,Z. merino, 60/65s yielding 48 per cent., ll^d; halfbred 56's 64 per cent, 12d:; sup. fine crossbred 50's 70 per cent., lid; fine 48/50's mixed prep, and card. yldg. 72 per cent., lOfd; fine 46/48's mixed prep, and card, yldg, 74 per , cent 10 |£. me dium 44/46's-prep, lfe 76 ' 3J_' t iEpT^S ™r '°&T r| n Z!LrIf*LFiaSP llCilf Jn/fi'/virt* ik?Z \Sw ? JJ^J* S yld£- 7o per cent, 10^d; low, ""g*;-..,, _, . /Wright, Stephenson, and. Co., Ltd., and Abraham and William^ Ltd., re-

port having- rioeived cable advice' irom their ' Lbndon1 iliouse .regarding, the .London -moOl -sales reading as foi-j lows:—The sales -Closed an average attendance of buyers. The market remains iunchanged,.ior .if any-? thing a little Uower. Con^petition was' good, with Continental and Bradford buyers tlie tCliief operators. American buyers were not operating. Offerings were IOOjOOO bales for the series, of which 85;000 were sold. The t§ollowing average realisations are quoted:—' Greasy merino, 60/64, yielding 48 per cent, lid; fine halibred, 56/58, 62 per cent, lid; three-quarter-bred, 48/50, 74 per cent., lOfd; fine crossbred, 46/48, 75 per cent,, :10Jd; medium *crpssbred, 44/46, 75 per cent,, IQJd; crossbred, 40/44, 76 per ;aeitt,, .Ip^d; coarse crossbred, 36/4Q, !?6ip.ex '.cent., 1M Australian jxterino was slightly in' favour of IbujyeEs;, witb lambs Slipe. wool steady. . * The Barik <oi USfew >Zealand, pEoduce department, ihas rseoe'ived itbe ifdllowing', advice from jits 3Jondon cOffice -under date December -J?:—She -sales tave; closed with ?good :inquiry -from mL, brancnes xif 'Was itrade, ibut -with prices, somewhat Ifeeguter. -Curaent tions for'-WQdls -M average condition:! Merinos,: super,, <60^.64!-s, M& ito Mid iper: lb ordinary, mffi&s, M& 'to :12d, iin-i ferior, 60Z64!5, $&& tfco •$&; ixaUbreds,1 56/58's 12d !to 12^d, '56^ Hid to .a2d,' 50/56's lid to i^d; crossbreds, ;50[s lOld to 11d,.'48/SO' £ saojatto:aQfd,46/48's ioSd to sm, m/m* ao^d to iof d, 40/44's laid to 3854 36/40?s IOJd to 10|d;V