LONDON WOOL SALES.

Dominion, Volume 3, Issue 720, 20 January 1910, Page 8

LONDON WOOL SALES.

"■• ■■' ' CROSSBREDS ADVANCE.'-V , : OTKEE DESCRIPTIONS FIElf. By Tcleirraph-Press ABSociation-Copyrizht. ;■■-■•■■'■ London, January 18. The 'January scries ,of wool sales has opened. ■';,. ' . . Brisk business was done: Crossbreds advanced from 5 to ■10 per cent. ,Wool.-8«8 bales wcro offered, including 1118. excellent Now Zealand bales.' There was a large attendance,■ including;many American' buyers, and spirited competition in all quarters. Merinos were firm at full November, rates.' Pine crossbreds advanced 5 per cent., medium and coarse 10 per cent. ■Tho Dank of New Zealand has received tho-: following, cable from their London office, under • dato January 18 :— Wool.-Tho sales were opened with strong competition,: and a, largo attendance of j.buyers.; -.-There is an active- demand by: Homeland foreign buyers. -The market is strong for coarse crossbreds and prices are higher by 7J to .10 per cent. The demand is activo lor coarse'crosshreds. Tho markot is-strong for all kinds'of merinos, but prices are unchanged. Tho dema,nd is active.- 'Tho■ market is strong, for all kinds of sliped wool, and ■ prices: are ■ unchanged. .-.The demand is : active. - .. ■ , Current, prices for.North. Island, farmers' lots; Palmerston North stylo,". average con. , dition,*, areas under:— , .'-.■'- .-: Odareo .crossbred,. 36's to 4O's,'at 101d..:to lid. '■■-'■ A- ■... :■■ . ■ ' . ■ . : ■■■ •' Medium: crossbreds ' 44's to 46's, 'at 125 d. to 13d. .•'-■ ■'.•■■: "■■■:,-•-• '■■ . Pino: crdsebreds, 50's, at 131 d. to 14id. . : Tho Commerce, and Tourists'■ Division is 'in .receipt of.tho following cablegram from 'tho High" Commissioner, dated London,' January ;18:-The. first ;series■:of" colonial wool f sales has; commenced. Thero is groat competitidn among tho'trade, America and; the Continent being strong' buyers. Trado is good and prospects favourable. : Manu--facturers' .are .waiting, for supplies. Tho ■New Zealand wools-catalogued "amount-,to: 41,700,.ba1e'5. Merino wool'.of,- all: grades -'is very firm-.at" the 'closing rates of. last sales.' Fine., orossbreds ; sho.w-'.a- rise'.'bf. id.;. l .and. medium i'and • coarse crbssbreds havo ad-' vanced fully Id.; per lb." Closing, rates .for December'sales, as cabled by the High Commissioner,,■ wero- as ■ follow:-Supcrior merinos,.ls. id.;to 15..3d;; medium,merinoalOjd. .to Iβ. OJd;; inferior-, merinos, , Bd. to lOd;;- fine crossbreds, Is. 2d. 4 to Is. 43.;; medium crossbreds, ll*d. to Is.' coarse crossbreds,. lOd. toils- ■' V . ,:: ; jMcssrs.'.Dalgety' and :Co.V Ltd.,: report : haying : received,, the ■ following - cablo' messagesfrom- their London house, under dato January v'lß:—Wool—The sales opened-with •'aJarge/attendance of buyers, and'vei-y.,ani-mated competition, and al fair? selection. As compared with the closing rates of tho; November series,-prices for greasy, medium crossbreds show a' 7J pery-cent... advance;' and. for 'greasy coarse crossbreds.-alO .per cent.-,advance, whilst,.merinos' and 'fine orossbreda. are unchanged.:.;.' ■■'..'-■< i - : :■';',':';

"'Hossrs.iAbrjdiam and-Williams, Ltd.; have received the. following cable message from Tjondon,..undei'.dato January 18:—The sales, .have-'opened; with: a largo attendance, of " buyers, .'and.' competition . is'.-.keen,. Ameri'canß- bnyin'g""ffeely'." -Prospects vtfpe ."good," and .firm.' for.all. Borts^,-.'Prices: :for :finb'H'cr'dß'sbre' , 3 -and , merino ;= 'are-:.Un-> :changcd;r>medium, crossbred, '.7S.:per up; coarse do.,llo'per;.'cent.: up.' \/ ',■.;,'.'■■

■'■ and';, Co. ; ,' Ltd.," ;. have •'re-, coived- tho following' cabloifcomr,their lagents, tlio -National Mortgage .and- Agency: Company,.- Ltd:; -London,'; .dated-/ Januarj--18:—Tho woolf sales' have:,-opened." .'There! large i attendancp, .'of ' buyers,', and Americans are'.operating ■freely.-. 1 Merinos havb opened firm on a par. with closingrates /of "last;' sales., Medium ■■crossbreds; show anv,advance, of .74 iner ;cent.',-,'c6arso: crossbredfl. 10'-per .cent.,' and crossbred: slipe' 71'. per ; ccnt.. ■::■'.■■'."■ ..,-::' '- V.^,-;?'--"'--,-:

;, : Messrs. -'Murray, Koherts, and Co.-: havo; received the , .followicg w"ooi;:market : cablegram from their:-London agents;. Messrs.. Sanderson, Murray?! and -C0.,--dated "Lon-i -don',■:' January sales ihay^'opehod with" 'a' :large ".aUcndancoV-of "buyers .(and 1 brisk competition.:-;Jlbrino-arid firib-'crosE-' : breda show.ho matsrial-chaigoj .but.-.the market-is' llrm. ■'Coarse to medium/.^crdse- , breds have advanced 5 to 10 per cont.'".' .., '. The"' Now ' Zealand Loan ; aid •; Jtcrcantilo. Agency Oom'p'a'n'yV'Ltd;,' havo , "received■".the, foTlowinß:icab!ogramV,,frojn..their "London, house;: jildor , :ditto January. 18 a: full t attendanco.';af, ; ,the' opening .of -tho. sales ■to-day.'-rcompetition 'l)y nental and American.buyers,being, active.' ; Tho 'openlng'.'catalogUes-.were fairly ■reprc-, ■soutative; , .:" As,, compared, with- last;;,sales olo'sing'rates.-ipriccs. are : . about 10. per.cent; higher.-.for: modium".- and coarse ■ crossbredi, oiid'about 5-per cent: to 71; per cent, .higher for crossbred slipe.',' The mar-, kot'-, for merinos' aiid .flue crossbreds:is", very, firm;.';' \!i : v"" ■■•■;::■:■/]■■■ ■ yy.y-i-...,.^.,,^,^, • ■ 'Tho" United ■ Farmers'', Cooperative ' Assobiation.,,Ud.,i'arb ia 'receipt-of.'the.-follqw-- 1 -ing:..'cabiogTam;. : from.'.tholr.London agents. -uflder dijo January' 18-.—The -first, series ; .of, wobl'salJs openedi'to-day, and were,well, .' attendedvby Home, ..Oontinontal, 'and Ameri ; can buyers. .J; Medium ; crossbred .',advancc4 5 per, cent., and; coarse;crossbred'7l to.. 10 per cont'.i. as compared.with closing;rates ,of: previous: Bale-: ',' ■ -..-', ; "■■'■>. "'.-■ :,". ■'■•■■

>" ; ':;'■'".-' WIELAIDE; WOOL '.'■ V. : .The.-fbUowijig..cablo" message ..hag .also* bben 'received by' Messrs: Dalgety, and C 0.,. Ltd.; frqfe- their' Adelaide"' house, .under datb . ofSJanuary ~17:— ..sales closed jwjth -a''good'attendance; of -buyers.! 'There iviii a"nicc assortment of.'Au'stralfan •■wools-'4t ■■ a-..- thoroughly;/'■roprcaaptativa, charactw , ', inclncling'-DOOO bales ;ifrom • tho sbuth-eaijfc of Australia, which were in very good- demand. II,COO bales wore offored''and 9500 : bal6s' sold: -Greasy crossbred wools, ■greasy'merino, medium sorts, and greasy lambs' wool "are":jd." higher. -Wools' suitablo'iforfAmerica'iare in,less, demand.,,: -..;

V.A telegram: regar'cihg tnb ; . lnvbrcargi:r Wool',Sales : -will be found on .Pago; 6 of-. ■this issue/ '';;-'-vv^:'--: : "- : . , ' , '. i '-" v ."--i-;.;'.;.'.• ■.•'■