LONDON MARKETS.

Ashburton Guardian, Volume XXXVI, Issue 3563, 25 September 1916, Page 4

LONDON MARKETS.

(Australian and N.Z.. Cable Service;} -t LONDON, September 22. Wool. —01' tho wool presented for, sale, Chat sold for the Home market totalled 87,000 bales, for export 6000,'----while 10,000 bales, of which half was New Zealand wool, was held. The demand is diminishing owing. to the approaching t losing, of the Archangel, route. Jb'ni'.K-e took a fair quantity. i' mo crosohreds closed firm. Prices and competition wore well maintained, although tho whole serias was characterised by grout irregularity. It was woiidorful how large a preponderance of fan I ties were absorbed.' Compared with tho .1 uly closing prices, all- merino combings, medium and inferior, have broken all records, showing from 7£ io ■ 10 per cent, advance. Faulty and short' carbonising sorts declined from 5 to 7J' per cent. ' All .scoureds were in the buyer's favour. Greasy crossbreds advanced from ") to 1\ per cent., best slipos -id to Id. Inferior slipes were slightly cheaper. Scoureds nnd cross-, .breds declined by from Id to 2d, bat' merijio Limbs were unchanged. Crossbreds declined Id. Tliero is better feeling throughout tho trade regarding the future. Apprehension as to,the Gorernmont's action in the colonial markets is causing hesitation, but there is no fearof a serious collapse in values. Colonial importers are demanding improved shinning facilities from UkA colonies. The following prices were realised for tho New Zealand clips named: —Kaputano. top '33d, a,virago 315 d; CJonr, ton 22rV, average ,21 Jd; •Tilv'ipti, too lO'.d. nverajro 18fd. ' • ' Kronen —Now Zealand mutton-; S":r\ to OJrl: Australian. 82d; South Ani'M-icm, Rd to B\d.' I^amb:; New Zen land and Australian', lOd;" South American. SJd to o"3d.'