WOOL SALES

Hokitika Guardian, 24 July 1933, Page 5

WOOL SALES

20 TO 25 PER CENT, RISE.

(United Press AssQ.ciatiori-~By, Electric • Telegraph—Copyright). •- •/’ LONDON/jjuW if At the wool .sales' 8542 -bales were offered, including 2858 bales, of ; New Zealand;) and labour 5075 bales were sold. The closing tone was firm and the bulk of the ~offerings were cleared, .under. \ active Iloni©’ ‘and, $ Con-; \.* tinental competition, i‘ - * ■' •. ■_ ; ; New Zealand lots ■ sold as follows: Greasy cross-bred—Hikurangi (top pi ice 10. id), average 8|d(: The total catalogued ■ .Ufor the sales was 142,996 hales'. - amount sold was as follows.:— . :\ , : Bales. • Home f f fV Continental....l—...."-66)500-1. America . . 2,000 .... The total'aniofiht' oT'Australian" wool sold- was 40,000 bales, and of Now" Zen-' Q If land Go,GOO bales,. . * n Compared with tlie Mayfsales,) .Mer- - inos, both greasy and scdurOd,"'closed ” 20 to 25 per chAU up, drossrbreds, fine’ 15 to 20 per cent up, arid (medium and _ coarse 10 to 15 'per cent-: up; -Slips’/sag-' ~ ged a little since the opening, but closed 7F per cent up) - ;L * - V The next sales- open oniSeptember 19: o:?\ LONDON, July 21. The sales have closed firm. Current quotations:—Merinos, super 60-64’s, l4d to 15d per lb; Merinos, ordinary 60-64’s, l2Jd to 13Jd; Merinos, inferior 60-64’s, lOd to 10jd; half-breds, -56’fi, 12Jd to 13 jd; lialf-breds; 50-56’s, lOd to lid; cross-breds, 50’s 7-id to 85d, 48-50’s 6>)d to 7jd, 46-48’s s|d to 6sd, 44-46’s S]d to 6d. 40-44’s s)d to ofd, 36-40’s old to y sfd. ' 1 ' ' . STOCKS RALLY.' NEW YORK, July 21. After the worst break since 1929 stocks rallied to-day, substantially ’reducing the extreme losses of from three ■ - to more than seventeen dollars for leading issues, . I"-'-"