LONDON WOOL SALES.

Manawatu Standard, Volume LVIII, Issue 44, 20 January 1938, Page 5

LONDON WOOL SALES.

REPORTS BY BROKERS. STRONG COMPETITION. The following cabled reports were received yesterday by Wellington houses, regarding the London wool sales: "Bank of New Zealand, produce department. —The sales have opened with strong competition and a large attendance of buyers. Prices are somewhat irregular. Compared With the close of last series, super crossbreds are Id higher, average sorts par to a halfpenny dearer. New Zealand Merinos not represented. Bank of New South Wales. —London woo! sales good and general competition from Continent, liomc trade and Russia. Compared with last sale’s close, greasy Merinos unchanged, gieasy crossbreds and slipes par to 5 per cent dearer. Average or estimated prices of New Zealand greasy fleece, ordinary top-making wools: Merino, 601 b to 641 b, 12jd. Fine nalfbred, 561 b to 581 b, 13id. ilaltbred, 501 b to 561 b, 13d. Three-quartcrbrcd, 481 bto 501 b, Fine crossbred, 461 b to 481 b, 11R1. Medium oiossbred, 441 b to 461 b, lOjd. Crossbred, 40 to 441 b, IOJd. Bank of Australasia: —London Colonial wool sales, medium crossbreds and coarse arossbreds, par to 5 per cent. dealer scoured crossbreds, firm and unchanged compared with closing rates of last series, competition good. Principal buyers expected to bo ' France, Homo trade and Russia. New Zealand Loan and Mercantile Agoncy Company, Lid.—London wool saics: The first scries opened to-day. Keen genera! competition, ail sections, including Russia, operating. Average to good selection submitted and an excellent Clearance effected. Prices for superior and Merino, and greasy slipe crossbred, are m sellers’ faiour. Merino top-makers' sorts are fully firm. Shabby and wasty Merino and pieces and hollies are in buyers’ favour. \

Levin and Co., Ltd.—The auctions opened to-day with a large a.cndance ot Home and Continental liuyers. There was good conipet it ion, all sections of the trade buying, particularly the Continent, including Russia, for greasy crossbreds, As at present arangoii, ttTe sales will close on February 3, 1938. Compared with the closing rates of last sate we quote: —Greasy Merino, best, id per lb higher. Greasy Merino, average, unchanged. Fine ' hallbreds, E4)-56’s, id per to higher. Extra fine crossbreds, 43-50's, id to Id per lb higher, l«ne crossbreds, 46-48's id to Id per lb higher. Medium crossbieds, 40-44’s, id to Id per lb higher. Coarse ciossbreUs, 40-44’s, Ad to Id per lb higher. Low crossbreds, 50-40's, id to Id per lb higher. Siipcs, generally, id to Id per lb higher. Abraham and Williams, Ltd., and Wright, Stephenson, Ltd. —The sales opened before nn average attendance of buyers, between whom competition was good. Continental and Bradford buyers were the chief operators, with Russian buyers operating freely. An average selection of wools was offered. Greasy Merino, 60-64 yielding 48 per cent, 12id. Greasy fine lialfbred, 66-58 yielding 48 per cent, 13id. Greasy halfbred, 50-56 yielding 68 per cent, 13d. Greasy throc-quartor-bred, 48-50 yielding 74 per cent, lljd. Greasy tine crossbred, 46-48 yielding 75 per cent, Hid. Greasy medium crossoied, 4446 yielding 75 per cent, lljd. Greasy crossbred, 40-44 yielding 76 per cent, Greasy coarse crossbred, 36-40 yielding 76 per cent, 10|d. Greasy halfbicd lambs, 56, very little offering. Greasy crossbred lambs, 46-50, very litlc offering. Sliped prices were from par to 5 per cent higher. Scoured Merino and Australian Merino were firm at last prices. Good top-making wools were jd above ordinary types and crossbred wool par to 5 per cent higher. New Zealand Farmers’ Co-op. Dist. Co., Ltd. : Wool saies opened to-day, to good attendance and competition. Brices compared with the close of the last series: Greasy Merinos, good to super, par to 5 per cent up; greasy Merinos, low to medium, par to 5 per cent down, scoured Merinos, par; greasy crossbreds, par to 5 per cent up; scoured crossbreds, par; slipes, par to 5 per cent up. Total available,' 116,200 bales. " ,7f.'

ANTWERP WOOL FUTURES. ANTWERP, Jan. 13. Wool futures are quiet. Quotations: March, 24id; May, 24d; July, 24d. The quotations on January 11 were: — March, 23gd; May, 23^d; July, 23jd. The prices are for 64’s tops, dry combed.